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HQ Trust GmbH

PRI reporting framework 2018

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

10.2. Indicate why you do not engage and do not require external managers to engage.

Engagement activities have not been implemented yet. HQ Trust has just started the ESG implementation process.

Listed equity – voting

10.3. Indicate why you do not cast your votes

Voting activities have not been implemented yet. HQ Trust has just started the ESG implementation process.

Fixed income SSA – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Engagement activities have not been implemented yet. HQ Trust has just started the ESG implementation process.
        

Fixed income Corporate (financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Engagement activities have not been implemented yet. HQ Trust has just started the ESG implementation process.
        

Fixed income Corporate (non-financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Engagement activities have not been implemented yet. HQ Trust has just started the ESG implementation process.
        

Fixed income Corporate (securitised) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Engagement activities have not been implemented yet. HQ Trust has just started the ESG implementation process.
        

OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - securitised

Fixed income - securitised - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Property

Property - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Commodities

Commodities - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Hedge funds

Hedge funds - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Cash

Cash - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.3a. If your organisation does not integrate ESG factors into investment decisions on your internally managed assets, explain why not.

At the moment we do not integrate ESG factors into investment decisions on our listed equity fund. ESG issues are taken into account by calculating an ESG score. An ESG score of 67 out of 100 for our listed equity fund indicates our portfolio is performing well in terms of ESG on an absolute and relative basis (vs. benchmark). We are constantly seeking to improve our processes regarding integration of ESG factors.

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

HQ Trust's RFPs for listed equity managers contain a separate section dedicated to responsible investment activities. There is a catalogue of questions to be answered by the managers regarding PRI signatory, SRI/ ESG strategy/ philosophy, etc. Managers are requested to provide us with their ESG framework if in place. We ask for ESG guidelines and policies showing us how managers take into account ESG issues in the analysis, investment decision and monitoring process.

Considering managers in the selection process means also verifying our ESG standards to be met by the manager. HQ Trust focusses on the ESG score of the fund. Determining ESG score we use data of external data providers.

The monitoring process includes manager meetings and update calls. We monitor the ESG score on a regular basis and check if our ESG goals are still met.

The selection/ appointment/ monitoring process for private equity managers is partially conducted by HQ Capital, a global asset manager focused exclusively on private equity within the HQ Group. HQ Capital is a PRI signatory since 2011. During the investment due diligence process HQ Capital addresses ESG related questions and information by the GP ESG questionnaire. The monitoring process includes manager meetings and update calls.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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