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Energy Industries Superannuation Scheme (EISS)

Late Submission

PRI reporting framework 2018

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.

EISS views superannuation as a long term investment. It professionally manages the assets of the Scheme with the aim of preserving capital for members to achieve their desired retirement outcome.

Each of the defined contribution strategies targets a CPI ‘plus’ return benchmark, with the intention of meeting these return targets over suitable time frames from 3 to 10 years based on the risk profile of the option.  

The primary investment aim for the Employer Reserve is to ensure that the plan has sufficient assets to meet its liabilities to members as they fall due.  

The strategy of each investment option comprises of well-diversified portfolios of assets tailored to the various risk profiles while being cognisant of EISS’s lower propensity for risk. The overall aim being to provide outcomes that meet member objectives and ensuring that actuarial targets are met for the Employer Reserve.

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]

EISS does not use the six principles as a screening tool but rather as an aspirational objective designed to enhance the long-term benefits to the fund and members. The Principles provide tools for ESG engagement and monitoring.


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.

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].


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.

The requirements for reporting actual, potential or perceived Conflicts promptly are as follows:

 

1)incoming Responsible Persons are obliged to disclose all Relevant Duties and Relevant Interests prior to the Board approving the appointment as required in the Responsible Persons Fitness and Propriety Policy;

2)Responsible Persons are obliged to disclose the existence of a possible or potential Conflict formally in writing;

3)directors are obliged to declare Conflicts at the commencement of any Board or Committee meeting;

4)directors are obliged to ensure the accuracy of the Register of Relevant Interests/Register of Relevant Duties and declare changes in interest at the commencement of any Board or Committee meeting;

5)senior managers are obliged to declare Conflicts or any potential Conflicts at every Executive meeting;

6)staff are obliged to declare Conflicts or any potential Conflict to a Senior Manager; and

7)the appointed auditor and the actuary are obliged to declare Conflicts or any potential Conflict to the Company Secretary.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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