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Gestión de Previsión y Pensiones E.G.F.P

PRI reporting framework 2018

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

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

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Since 2008 when GPP became signatory of UN-PRI, the organization has been continuously taking steps forward to reach, from all the pillars perspective, the commitment acquired both with the initiative and their clients. Thus, our initiative has been advanced in an attempt to fulfil the goals established.

It is remarkable that BBVA Group, is also signatory of several collaborative organisations, with its application to GPP.


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          We have a huge portfolio of clients, in which each of them has different concerns or needs. Thus, we have to be able to provide them with ad hoc trainning as they request.
        

Frequency of contribution

Description

          As leaders in the business of managing institutional client portfolios, we are asked to collaborate at several events, such as those organized by Spainsif or internally promoted conferences related to SRI issues.
        

Frequency of contribution

Description

          Every semester we write and published in-house papers related to different ESG themes. Those papers are available at our web site www.bbvaassetmanagemet.com
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

GPP by its own initiative or in collaboration with other organizations, has been promoting SRI through the different ways marked above. Moreover, four of our corporate Pension Funds are signatories of the United Nations Principles of Responsible Investment, as asset owners and as a proof of encouragement of the adoption of the PRI.

Additionally, we have been involved in the process of updating the document initially published in 1999 by INVERCO about the application of ESG criteria in the investment policy of investment vehicles. "INVERCO is the Spanish Association of Investment and Pension Funds, and represents Spanish Investment and Pension Funds, and the foreign domiciled UCITS registered at the the CNMV (Spanish Supervisory Authority) for its distribution in Spain." (http://www.inverco.es/acercaDeInverco.do)

On the other hand, Spainsif celebrates annually an event during one week to actively promote the SRI. Those events are all communicated to our clients from G.P.P. , inviting them to participate. That way we implement our commitment of promoting the development of SRI within the society.

It is also important to remark, that BBVA has been during last couple of years, in collaboration with other financial institutions, the sponsor of the "Observatorio de la ISR". This document makes an extense review along the Spanish financial industry, analizing the degree of the SRI penetration in any kind of financial product. You can find the document in the following link:

http://www.spainsif.es/sites/default/files/upload/publicaciones/Observatorio%20ISR%20Espa%C3%B1a%202014.pdf

As we will see along the reporting, we have been developing our commitment through several and diverse activities which in any or other way justify the promotion of the activities previously detailed.


SG 11. Dialogue with public policy makers or standard setters (Private)


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