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Munich Re

PRI reporting framework 2017

You are in Strategy and Governance » Implementation not in other modules

Outsourcing to fiduciary managers and investment consultants

SG 12. ESG issues in strategic asset allocation

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

12.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

12.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

12.3. Additional information. [OPTIONAL]

SG 13. Long term investment risks and opportunity (Private)

SG 14. Allocation of assets to environmental and social themed areas (Private)

SG 15. ESG issues for internally managed assets not reported in framework

15.1. Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equities – ESG incorporation

Use of external research from third party providers. ESG issues are one of many factors that influence the investment decisions of a portfolio manager aiming to construct portfolios that have a lower risk profile.

Listed equities -  engagement 

Discussing ESG issues and the weaknesses pointed out by external sustainability research providers is an integral part of our one-on-one meetings with companies we are invested in.

Listed equity - (proxy) voting

Proxy voting guideline including ESG issues.


New property investments must comply with an internally developed catalogue of sustainability criteria.


Use of external research from third-party providers.

Other (2) [as defined in Organisational Overview module]

Alternative Investment sub asset classes: ESG issues are part of the due diligence process.


Attached please find further information about our shareholder policy (voting guideline) under the following link:

SG 16. ESG issues for externally managed assets not reported in framework (Not Applicable)