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ASR Nederland N.V.

PRI reporting framework 2017

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Basic Information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.2. Additional information. [Optional]

ASR Nederland N.V. wants, as insurer, investor and employer, to play a leading role in the Corporate Social Responsibility (CSR) for the financial sector."

Our mission

Our mission is to provide people with security in uncertain situations. We do that by providing people financial continuity and enabling them to take well-considered risks in achieving their ambitions. In that, insurance is essential and insuring our reason for existence. For a.s.r., valuable service starts by understanding what people value. We believe that customers are able to insure themselves in ways best fitting their situation, preferences and possibilities. a.s.r. stands for helping customers. a.s.r. wants to be a useful insurer, that is a welcome part of the community. Intelligibility and simplicity combined with efficient operations and a solid financial position are essential. Customers should be convinced that their risks are covered by an insurer with austere operations and that avoids wastage. That listens to them, thinks along with them, and can be reached via several forms of communication.

Our vision

a.s.r. is going back to basics and redefining insuring. Our predecessors put insurance in the Netherlands as a service on the map. That history goes back to 1720, with as a foundation sharing risks. That is exactly how it should be today. Taking society and the environment into account is front and center in our vision. The a.s.r. core values, personal, approachable and accountable and true to who we are, play a crucial role.

We are convinced that our existence is justified by keeping customer interests and customer experiences in mind. Our products should fit this mindset.

Our Socially Responsible Investments Policy

ASR Nederland's responsible investment policy focuses on positive selection for best practices and best products based on ESG-criteria. This means that ASR Nederland favours companies that perform well within their sector or contribute towards sustainable development (eg. waste processing, recycling and clean energy). ASR also maintains an exclusion list based on multiple criteria and practices engagement/ SRI dialogue with a number of companies in which it has investment positions.

Since 2011 ASR has also signed the United Nations Principles of Responsible Investment (UNPRI) and the United Nations Global Compact (UN GC). Furthermore, ASR Nederland's CIO is the Chairman from the Investments Policy Committee at the Dutch Association of Insureres (Verbond van Verzekeraars). Under his coordination, the Verbond van Verzekeraars has agreed an industry-wide Sustainable Investments Code, which came into force on January 1st, 2012. ASR Nederlandhas was compliant with the Code already before the start. In 2013, ASR signed the UNEP FI Principles for Sustainable Insurers. In 2014, ASR signed the UN Call for Action against corruption. In 2015, ASR signed the Paris Pledge for Action to support the commitment to a safe and stable climate in which temparature rise is limited to under 2 degrees Celsius.

In order to expand and enhance its engagement activities, a.s.r. has embarked on a partnership with RobecoSAM’s Governance & Active Ownership department with effect from 2016. The engagement program is based on remediating conflicts with the UN Global Compact (UNGC) in relation to human rights, labour rights, environment issues and ethical behaviour.

a.s.r. signed the investor statement of the Business Benchmark Farm Animal Welfare (BBFAW) published in May 2016 to contribute to creating greater awareness of animal welfare across the food sector and among investors.

a.s.r. also signed the UN PRI ESG Statement on ESG in Credit Ratings in May 2016, supporting the vision that ESG factors are relevant to the creditworthiness of issuers.4

In July 2016, a.s.r. Financial Markets ESG committee approved several means to advance a.s.r. SRI policy regarding environment and climate change, including:

• stricter engagement and/or exclusion policy for systematic and/or severe breaches to the environment

• exclusion policy for companies deriving 30% or more of their revenues related to coal and lignite.

These measures shall be implemented as of the first following SRI screening.

a.s.r. takes ownership as an active shareholder in its associates and exercises its voting rights with due care in accordance with the a.s.r. Voting Policy, which is aligned to the a.s.r. SRI policy.

The SRI policy is fully applicable to ASR Nederland N.V. and all its subsidiaries (ASR Levensverzekering N.V., ASR Schadeverzekeringen N.V., N.V. Amersfoortse Verzekeringen, Europeesche Verzekeringen N.V. and ASR Vermogensbeheer B.V.).


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Netherlands

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

3.461 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          ASR Vermogensbeheer BV
        
          
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.3. Indicate the total AUM at the end of your reporting year for subsidiaries you have excluded from your report

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

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

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity <10% 3.4 <10% 2
Fixed income >50% 66 <10% 1.2
Private equity 0 0 <10% 0.2
Property <10% 8.3 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 10-50% 18.9 0 0
Other (2), specify 0 0 0 0

'Other (1)' specified

          Mortgages / Other loans (http://asrnederland.nl/media/2400/fy2016-analyst-presentation.pdf - pag. 15)
        

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market (Private)


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