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SPF Beheer

PRI reporting framework 2018

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Overview

LEA 01. Description of approach to engagement

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

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

01.4. Provide a brief overview of your organization’s approach to engagement

SPF Beheer, together with the board of the pension funds, can decide to engage in active engagement with the management of a company in our portfolio in order to persuade it to improve its performance in the areas of human rights and the environment. We adopt as a guideline a realistic period within which the first results must become visible. If a business does not make sufficient improvements and/or is not willing to act, we will divest from the company and it will be placed on our exclusion list. The exclusion list is applicable to all asset classes. If the company does generate some improvements and shows its commitment, we will continue investing and monitor change going forward.

We also take part in collaborative engagement processes via Eumedion and the UN PRI.

In practice, due to our intensive SRI screening before investment, engagement targeted at SRI abuses has proofed to be redundant for the internal portfolio. There have been no companies with abuses of our policies in our portfolio during the recent years. We do, however, conduct regular dialogue with all companies to stimulate them on their way forward.

01.6. Additional information [optional]

In addition to this code, a Stewardship Code is in development and will be published soon. In this code, multiple of the abovementioned items are covered.


LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual/Internal staff engagements
Collaborative engagements
Service provider engagements

Please specify why your organisation does not engage via service providers.

Due to our concentrated equity portfolio we believe we can sufficiently cover all the companies in this portfolio ourselves. We believe we can have a strong influence on these companies due to our long-lasting nature with them (we invest for the long term), the fact that we regularly speak to board members in those companies and the fact that we have a relatively large position in many of those companies.

02.2. Additional information. [Optional]


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