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Valtion Eläkerahasto

PRI reporting framework 2017

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You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 07.1. Appointment processes (listed equity/fixed income)

07.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment


SAM 07.2-5. Appointment processes (listed equity/fixed income)

07.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

          The steering of VER’s investment activities and the assessment of success are partly based on benchmark indexes representing the average market performance of securities. The indexes are specified in the annual investment plan approved by VER’s Board of Directors. The following benchmark indexes to which the performance of investments are compared have been determined for each asset category.
        

Objectives

          Basically, VER expects the portfolio funds to commit to ESG principles, integrate these issues in its investment decisions and report on its ESG performance to investors. VER prefers funds in which the asset manager has signed the PRI – or is otherwise, on the strength of the evidence provided, deemed to act responsibly – and is thus committed to monitoring the portfolio companies’ compliance with the Global Compact platform. Many asset managers provide ESG reports voluntarily already when marketing their products, and often the information so disclosed meets VER’s ESG requirements.
        

Incentives and controls

Reporting requirements

Benchmark

          The steering of VER’s investment activities and the assessment of success are partly based on benchmark indexes representing the average market performance of securities. The indexes are specified in the annual investment plan approved by VER’s Board of Directors. The following benchmark indexes to which the performance of investments are compared have been determined for each asset category.
        

Objectives

          Basically, VER expects the portfolio funds to commit to ESG principles, integrate these issues in its investment decisions and report on its ESG performance to investors. VER prefers funds in which the asset manager has signed the PRI – or is otherwise, on the strength of the evidence provided, deemed to act responsibly – and is thus committed to monitoring the portfolio companies’ compliance with the Global Compact platform. Many asset managers provide ESG reports voluntarily already when marketing their products, and often the information so disclosed meets VER’s ESG requirements.
        

Incentives and controls

Reporting requirements

Benchmark

          The steering of VER’s investment activities and the assessment of success are partly based on benchmark indexes representing the average market performance of securities. The indexes are specified in the annual investment plan approved by VER’s Board of Directors. The following benchmark indexes to which the performance of investments are compared have been determined for each asset category.
        

Objectives

          Basically, VER expects the portfolio funds to commit to ESG principles, integrate these issues in its investment decisions and report on its ESG performance to investors. VER prefers funds in which the asset manager has signed the PRI – or is otherwise, on the strength of the evidence provided, deemed to act responsibly – and is thus committed to monitoring the portfolio companies’ compliance with the Global Compact platform. Many asset managers provide ESG reports voluntarily already when marketing their products, and often the information so disclosed meets VER’s ESG requirements.
        

Incentives and controls

Reporting requirements

Benchmark

          The steering of VER’s investment activities and the assessment of success are partly based on benchmark indexes representing the average market performance of securities. The indexes are specified in the annual investment plan approved by VER’s Board of Directors. The following benchmark indexes to which the performance of investments are compared have been determined for each asset category.
        

Objectives

          Basically, VER expects the portfolio funds to commit to ESG principles, integrate these issues in its investment decisions and report on its ESG performance to investors. VER prefers funds in which the asset manager has signed the PRI – or is otherwise, on the strength of the evidence provided, deemed to act responsibly – and is thus committed to monitoring the portfolio companies’ compliance with the Global Compact platform. Many asset managers provide ESG reports voluntarily already when marketing their products, and often the information so disclosed meets VER’s ESG requirements.
        

Incentives and controls

Reporting requirements

07.3. Explain how your organisation evaluates the reporting capacity of the manager to meet your reporting requirements during the selection process

Agree upon ESG reporting requirements

Review ESG reporting processes and capacity in place

Agree processes for raising ad-hoc ESG issues

Other, specify

None of the above

LE

FI - Corporate (financial)?
Private equity
Infrastructure
Agree upon ESG reporting requirements
Review ESG reporting processes and capacity in place
Agree processes for raising ad-hoc ESG issues
Other, specify
None of the above

If you select any 'Other' option(s), specify

07.4. Explain which of these actions your organisation might take if any of the requirements are not met

07.5. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          
        

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