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APG Asset Management

PRI reporting framework 2017

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

Implementation not in other modules

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]

The RI policy has an impact on our overall market allocation within asset classes and has a significant impact with regards to the type of assets.

The Economics and Financial Markets Team, which sets the framework for asset allocations, uses ESG country risk indicators as a quantitative input for its country risk assessments. An ESG country risk monitor is used as a tool to determine the risk level of investments in certain markets and hence the investment requirements.

In 2015 we updated and refined our energy exposure analysis. This analysis was used in 2014 for a stress test of our energy investments against scenarios in which the climate goals are met (IEA 450s). In this analysis we determined the energy exposure across all asset classes and made a breakdown to fuel-type and position in the value chain. The updated analysis of 2015 formed the basis for ABP's position paper on energy and climate published in 2016. We also shared our experience with the Dutch Central Bank that performed a check of the energy exposure within the Dutch Financial sector in 2015, which was published in 2016.

Public version: https://www.abp.nl/images/ABP_on_climate_change.pdf

Technical appendix: https://www.abp.nl/images/ABP_on_climate_change-technical_annex.pdf


SG 13. Long term investment risks and opportunity (Not Completed)


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

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

14.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

14.2. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

% of AUM

Brief description and measures of investment

APG actively seeks out attractive investments that promote sustainability. We are significantly increasing our investments into sustainable solutions and refer to such investments as Sustainable Development Investments (SDIs). These investments must fulfil the regular risk return requirements, and they must also provide a substantial and measurable contribution to one or more of the UN SDGs. These may include investments in sustainable energy, drinking water and waste water purification, waste disposal, schools, and hospitals.

% of AUM

Brief description and measures of investment

APG considers 'Green Stars' in the quadrant model of GRESB as Green building portfolios/investments. Green Stars are real estate investments meeting the 50% hurdle on both dimensions (Management & Policy and Implementation & Measurement within GRESB).

% of AUM

Brief description and measures of investment

Our forestry investments have to meet minimum requirements addressed by standards of the FSC or an equivalent certification scheme.

% of AUM

Brief description and measures of investment

We have contributed to the development of sector guidelines for the investment community as a whole. Together with a group of institutional investors we launched the Principles for Responsible Investment in Farmland in 2012 with the goal of improving the sustainability, transparency and accountability of investments in farmland and continue to use these guidelines when investing in farmland assets.

The Farmland Guidelines have been adopted by the PRI and provide institutional investors with guidance on:

  1. Promoting environmental sustainability;
  2. Respecting labour and human rights;
  3. Respecting existing land and resource rights;
  4. Upholding high business and ethical standards; and
  5. Reporting on activities and progress towards implementing and promoting the Principles.
% of AUM

Brief description and measures of investment

We hold investments that provide solutions to sustainable development challenges, such as microfinance.

% of AUM

Brief description and measures of investment

APG actively seeks out attractive investments that promote sustainability. We are significantly increasing our investments into sustainable solutions and refer to such investments as Sustainable Development Investments (SDIs). These investments must fulfil the regular risk return requirements, and they must also provide a substantial and measurable contribution to one or more of the UN SDGs. These may include investments in sustainable energy, drinking water and waste water purification, waste disposal, schools, and hospitals.

% of AUM

Brief description and measures of investment

APG actively seeks out attractive investments that promote sustainability. We are significantly increasing our investments into sustainable solutions and refer to such investments as Sustainable Development Investments (SDIs). These investments must fulfil the regular risk return requirements, and they must also provide a substantial and measurable contribution to one or more of the UN SDGs. These may include investments in sustainable energy, drinking water and waste water purification, waste disposal, schools, and hospitals.

14.3. Additional Information [Optional]

          
        

SG 15. ESG issues for internally managed assets not reported in framework (Not Applicable)


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


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