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Zürcher Kantonalbank

PRI reporting framework 2017

Export Public Responses

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In June 2016 we did participate the 10 year Global Workshop Series in Zurich (Blueprint for Responsible Investment)

In June 2016 we joined the PRI collaboration platform.

In 2016 we participated in the Swiss Input for the UNEP Inquiry into the Design of a Sustainable Financial System: „Proposals for a Roadmap towards a Sustainable Financial System in Switzerland”. In June 2016 the Report "Proposal for a Raodmap towards a Sustainable Financial System in Switzerland" was published.

 

 

 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

FNG Working Group for Institutional Investors

          Eurosif
FNG (Forum Nachhaltige Geldanlagen)
EFFAS ESG Commission (European Federation of Financial Analysts Societies)
Swiss Sustainable Finance SSF - http://www.sustainablefinance.ch/
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We were participating in different working groups of the mentioned organisations

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2016 we participated in the Swiss Input for the UNEP Inquiry into the Design of a Sustainable Financial System: „Proposals for a Roadmap towards a Sustainable Financial System in Switzerland”. In June 2016 the Report "Proposal for a Raodmap towards a Sustainable Financial System in Switzerland" was published.

          Project with oikos, a student organization of University of St. Gallen and foundation that promotes sustainable economics and management, http://www.oikos-international.org/stgallen/
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Joint student project (Zürcher Kantonalbank and oikos) for analysing companies of Swiss Banks (Education on sustainable finance/analysis, portfolio construction, support of building up a research process and backing of analysis)

          Supporting a study together with the Center for Corporate Responsibility and Sustainability (CCRS) of the Universitiy of Zurich in the field of soft commodities
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2016  Zürcher Kantonalbank was supporting a study together with the Center for Corporate Responsibility and Sustainability (CCRS) of the universitiy of Zurich in the field of soft commodities:
‚Agricultural Commodity Trade & Price Volatility‘ => "Does the financialization of global agricultural markets threaten food security? New volatility models for more sustainable commodity investments"

 

          In 2016 we were running a project in the field of property with the Center for Corporate Responsability and Sustainability (CCRS), University of Zurich
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2016 we were running a project in the field of property with the Center for Corporate Responsability and Sustainability (CCRS) of the University-of-Zurich. The project was based on the results of a former project (20110/11) and explored the relation between sustainabilty risks and financial performance in property portfolios. In 2016 a working paper was published with the title: Sustainability and Real Estate Rental Rates: Empirical Evidence for Switzerland.


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate which of the following actions your organisation has taken to promote responsible investment, independently of collaborative initiatives.

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

The sustainability investment department (ESG-Solutions) regularly contributes to the promotion of RI through regular research publications, a newsletter and / or public presentations. Addtionally, Zürcher Kantonalbank has launched 2011 a sustainability indicator for all equity/fixed income / balanced funds that are in the investment universe of the bank (roughly 1100 funds: Swisscanto Invest by Zürcher Kantonalbank funds and third party funds). With three indicators (carbon, reputational risk, corporate governance) each fund portfolio has been measures and quantitatively scored in an easily understandable scale (A to G). The instrument provides more transparency and comparability for relationship managers and clients regarding the sustainability profile of RI and non-RI funds. The new instruments were integrated in different bank's information systems (e.g. Investment Reporting System for Customers).


Systematic training of roughly 1200 customer relation managers on ESG/RI.

Throug the cooperation in various industry organisations/universities (eg. Forum Nachhaltige Geldanlagen, EFFAS ESG commission, AZEK, ZHAW, Swiss Sustainable Finance (SSF))  a very active contribution with regard to the promotion of and education on ESG issues is made.

A focus of the public policy engagement is 1. directed towards the role of institutional investors and ESG issues, 2. directed towards the organisation of events on new, innovative RI topics and finally 3. directed towards the correct measurement of the RI market. Specifically the interaction with policy makers is usually carried out on a rather informal level.

We offer regulary (at least once a year)  workshops for pension funds / foundations on ESG and UN PRI.

In 2011 we launched our sustainability indicator for all equity/fixed income / balanced funds that are in the investment universe of the bank (roughly 900 funds: ZKB funds and third party funds).

In 2013 we launched first passive ESG investment solutions for pension funds.

In 2014 we repositioned an existing Swiss Equities Fund Enhanced and included ESG-Scores (laggard-out) and Exclusion Criteria.

We also started a project in 2014 to integrate ESG Data into Financial Analysis with our Financialresearch-Department for equities. We deliver basic ESG-Data to be considered in their analysis.

Since 2014, for all active global equity funds, comprehensive ESG-Data (such as general ESG-Scores, Carbon Footprint, Reputational Risks or Governance Issues and so on) are integrated in a standardized way into the quality assessment of the companies on the opportunity list.

In 2014 we integrated Swisscanto Group. With this merger we gained around 2 Billion Swiss Francs of Sustainable Asset and could significant rise our market share in Switzerland.

In 2015 we implemented our sustainabilty indicator  (roughly 900 funds: ZKB funds and third party funds) and a market report about sustainable investments in the asset reporting of our customers.

In 2015 we signed the UN PRI Montréal Pledge and did publish for two sustainable investment funds the carbon footprint.

In 2015 we launched as first Swiss bank fair trade (Max Havelaar) gold ingots.

In 2015/16 we participated in the Swiss Input for the UNEP Inquiry into the Design of a Sustainable Financial System: „Proposals for a Roadmap towards a Sustainable Financial System in Switzerland”.

In 2015/16 we were running a project in the field of property with the Center for Corporate Responsability and Sustainability (CCRS) of the University of Zurich. The project is based on the results of a former project (20110/11) and explores the relation between sustainabilty risks and financial performance in property portfolios.

In 2015/16  Zürcher Kantonalbank was supporting a study together with the Center for Corporate Responsibility and Sustainability (CCRS) of the University of Zurich in the field of soft commodities:
Does the financialization of global agricultural market threaten food security? New volatility models for more sustainable commodity investments.

In 2016 we established a position for UN PRI in the product management department.

In 2016 we incorporated ESG-Data into the portfolio managementtool of our fixed-income fundamental management  team.

In June 2016 we joined the PRI collaboration platform.

In 2016 we published a report about ESG-Integration in the fundamental management of equities.

In 2016 we started with the implementation of a energy controlling system. The system will comprise a database with energy characteristics of all our around 340 buildings (CHF 7.8 Bio Assets). We strive to reduce our CO2 emission significantly until 2022 (10% reduction per year). We will optimize 19 major and 215 medium-sized properties.

In 2016 we implemented in the stock selection of our sustainable equities the "sustainability impact" of a company.

 

 

 


SG 11. Dialogue with public policy makers or standard setters (Private)


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