This report shows public data only. Is this your organisation? If so, login here to view your full report.

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

PRI reporting framework 2018

Export Public Responses
Pdf-img

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

Gestion de Previsión y Pensiones, E.G.F.P., S.A.'s (GPP) policy is based on four main pillars:

Integration of ESG issues in the investment process: We analyze the ajor European sectors and governments, using third party research, in order to be able to identify the relevant issues from ESG perspective and ranking companies and governments according to their credentials

Rules of Conduct in Defence (exclusion): BBVA applies an exclusion lists of companies and countries, prepared and regularly updated with the help of independent experts.

Proxy Voting: In both Spanish and European companies for the listed equity managed in our portfolios.

Engagement: GPP has engaged with companies to motivate them to make more flexible the process of Proxy Voting through electronic ways, or for requiring them further information related to the AGM's to which we attend under our clients' delegation.

Is it also important to note that even though Gestión de Previsión y Pensiones, E.G.F.P. S.A., is the UN-PRI signatory, the model previously detailed has also been applied to the Pension Funds manage by another society within BBVA Asset Management. This society of the group manages institutional Pension Funds too (among others) with close to 1.000.000.000€ assets under management.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]


SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].

It is publicly available that GPP, as investment manager, became a signatory of the United Nations Principles Responsible Investment in 2008. Since that moment, the Responsible Investment policy has been continuously in process of development and communicate it to our clients in the periodic meetings we celebrate with them all.
Strictly speaking, the document above indicated might not be considered as an official SRI policy, however it is a communication paper sent to the whole universe of our institutional clients, explaining all the details of our SRI policy. Moreover, it appears in a public web with access not only to our clients but to the general public. All the publications can be found in the link previously shown: 

The document comes written in Spanish, so let me sum up the key points shown in the newsletter:
1. Firstly, the document reviews the origin of the SRI initiative by United Nations, and as a consequence of our commitment with this issue.
2. Secondly, it explains our approach by focusing on several points such as the integration of ESG criteria in the investment process, exclusions based on Rules in Conduct of Defense, extension of the ESG analysis to our externally managed assets, the proxy voting policy and the increase of resources dedicated to the development of our SRI policy.
2. Finally, it also makes a review of the specialized providers hired by our company to supply our clients with the highest quality information.

Related to our Proxy voting policy, even we have developed a strong procedure, the policy is not publicly available.

It is also useful and remarkable events organized to provide our clients and other individuals (evenif they are not clients) information related to the SRI policy implemented in the portfolios. You can consult it in the following link:

https://www.bbvaassetmanagement.com/am/am/es/es/particular/galeria/video/tcm:864-525312/page:6/la-ISR-y-su-aplicacion-en-los-fondos-de-pensiones

 


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

BBVA Asset Management, within BBVA Group possesses a Policy for the Prevention and Management of Conflicts of Interest. All the subsidiaries of the Group are susceptible of application, as is GPP.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


Top