Objective, Mission, Vision and Strategy of the Avery Dennison Pension Fund 2025

Objective
The fund’s objective is to pay, or arrange for the payment of, pensions to participants and their surviving dependants, in the cases and under the conditions laid down in the pension scheme rules.

Mission
Stichting Pensioenfonds Avery Dennison is committed to the careful implementation of the pension agreement concluded between the employer and its (former) employees. In carrying out this agreement, the pension fund places the interests of both participants and the employer at the forefront. The agreement must be executed correctly, in a socially responsible manner, and with a high level of participant satisfaction. The fund aspires to be a reliable pension fund that is close to its participants and capable of meeting its financial obligations and long-term objectives.

Vision
Stichting Pensioenfonds Avery Dennison implements the pension agreement concluded between the employer and its (former) employees in a cost-efficient manner. Former and current participants, pension beneficiaries, and the employer recognise the added value of having a dedicated company pension fund, as the fund is aware of their needs and circumstances and is able to anticipate and respond accordingly.

Strategy
To fulfil our mission, vision and objective and to deliver high-quality service, we follow the policies we have established, apply the principles of good pension fund governance, and collaborate with key stakeholders such as the employer, the works council and the Accountability Body. Service providers and executing parties are selected with care and are regularly evaluated. The pension fund aims to let the relationship with its participants guide its actions.

The high level of participant satisfaction and the low number of complaints confirm the strength of our mission and vision. Any signals of dissatisfaction in participant services will be addressed promptly and with the involvement of the board.