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Pensionfund Metalektro (PME)

PRI reporting framework 2017

Export Public Responses

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Investment policy

SG 01. RI policy and coverage

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

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類、対象を示してください。


01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の責任投資アプローチをカバーする投資ポリシーの策定時に使用した基準を明示してください。

01.5. 組織の投資原則および全体の投資戦略、ならびに、ESG 要因および実体経済の影響をどのように考慮に入れているのかについて説明して下さい。

The strategic Investment Framework of PME exists of a chapter on the investment objectives, a chapter on Investment Principles, a chapter on Execution Principles and a chapter on Risk Management Principles.

Considerations of Responsible Investment are interwoven in the several chapters. In the Investment Objectives, PME states in the Mission that "PME takes care of an affordable, future-proof and flexibel pension for all of the participants." This resounds in the Investment Principles, where one of the principles states that "RI contributes to sustainability and stability of the profitability"

In de more specific Execution Principles, PME has her "10 Leading Principles on Responsible Investment" including: (this form only fits a couple):

  1. PME is aiming for a good ánd responsible performance.
  2. PME takes into account the social impact of her investments.
  3. PME want to contribute to economic stability and sustainable ecenomic growth.
  4. PME engages companies that are responsible for bribery, corruption, and with companies that violate norms in terms of environment, labor or human rights.
  5. PME does not invest in companies producing products that are contrary to international treaties signed by the Dutch government.

01.6. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。 [任意]

PME's policy is operationalized via four pillars: Exclusion, ESG-integration, Active Ownership (engagement, proxy voting and legal actions) and Thematic/Impact Investments. Our fiduciary manager MN (also a PRI-signatory) has a dedicated Responsible Investment& Governance team (6 members) that is responsible for all these activities.

Exclusion: PME excludes companies that are directly involved in the development, production and/or maintenance of products and/or services that are not compliant with certain treaties and criteria, such as the Convention on cluster ammunition, Chemical Weapons Conventions and Biological and Toxin weapons Convention. In addition international treaties signed by the Dutch Government, and countries which have been sanctioned by the UN and EU are excluded.

ESG integration: PME believes that responsible investment is first and foremost about taking ESG factors into account in all investment decisions and in selection and monitoring of external managers.

Active ownership:

PME believes in the co-existence of financial and social return on investments. On one hand it is our aim by conducting engagement on holdings to limit the potential negative impact of business on the environment, people and society and corporate governance (ESG). On the other hand, we also aim to leverage the potential positive impact of business within these same three themes (ESG). The key-objectives for engagement are that companies acquire the ability:

  • To fully participate in the low-carbon economy energy transition (E);
  • To protect the human and labour rights of workers in the global supply chain (S);
  • To reward company executives according to an adequate and balanced remuneration scheme in line with the interests of (minority) shareholders (G).

MN operates on PME's behalf on the basis of a clearly defined engagement policy. The engagement focus lies on

  • Significant Dutch holdings;
  • Significant holdings with a Global Compact violator status (downside risk);
  • Significant holdings that present material ESG-risks within a few key sustainability themes as prioritised by PME (thematic engagement); and
  • Significant holdings that present general high material ESG-risks (adhoc/incidents)

Thematic Investments looks at investment opportunities that are attractive both from the return point of view and from an ESG standpoint. As of 2016, PME invests in specific renewable energy PE-fund.

SG 02. Publicly available RI policy or guidance documents

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

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。







02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。






02.3. 組織の投資原則および全体の投資戦略が公表されているかどうかについて明示して下さい。

02.4. 補足情報。 [任意]

SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Our code of conduct contains specific rules regarding conflicts of interests for investment professionals within our organization.

03.3. 補足情報。 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)