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Valtion Eläkerahasto

PRI reporting framework 2017

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 07. Types of screening applied

07.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

07.2. Describe your approach to screening for internally managed active fixed income

Screening implies a specific obligation to respect and comply with international conventions. For VER, this means the UN Global Compact principles[1] and related international regulations concerning human rights, rights at work, environment and anti-corruption. Additionally, VER seeks to refrain from investing in industries that may involve questionable aspects in terms of social responsibility, such as arms, alcohol, tobacco, gambling and adult entertainment.

[1] The Universal Declaration of Human Rights, The International Labour Organisation’s Declaration of Fundamental Principles and Rights at Work, The Rio Declaration of Environment and Development and The United Nations Convention Against Corruption.

07.3. Additional information. [Optional]


FI 08. Negative screening - overview and rationale

08.1. Indicate why you conduct negative screening.

SSA

SSA

08.2. Describe your approach to ESG-based negative screening of issuers from your investable universe.

VER seeks to refrain from investing in industries that may involve questionable aspects in terms of social responsibility, such as arms, alcohol, tobacco, gambling and adult entertainment.

 

 

08.3. Additional information. [Optional]


FI 09. Examples of ESG factors in screening process

09.1. Provide examples of how ESG factors are included in your screening criteria.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

Environmental responsibility involves a number of elements. Over the past few years, measurement of the carbon footprint and awareness, reporting and efforts to reduce it have been adopted as a standard by pension funds, something that VER also needs to do.

Social responsibility implies a specific obligation to respect and comply with international conventions. For VER, this means the UN Global Compact principles2 and related international regulations concerning human rights, rights at work, environment and anti-corruption. Additionally, VER seeks to refrain from investing in industries that may involve questionable aspects in terms of social responsibility, such as arms, alcohol, tobacco, gambling and adult entertainment.

For companies that VER invests in, this means, amongst others, compliance with sound corporate governance principles and respect for the rule of law, not only in environmental and social issues, but also in financial contexts such as corporate law, competition law and taxation. VER does not approve of illegal activities. Even activities that are technically within the law may be at variance with the requirements imposed by VER for good governance, if the activities clearly conflict with the spirit of the relevant regulations, for example in the field of corporate law or taxation.

09.2. Additional information.


FI 10. Screening - ensuring criteria are met

10.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening?
Norms-based screening

10.2. Additional information. [Optional]


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