BBVA PENSION FUND:
It is publicly available that BBVA Pension Fund, as asset owner, became a signatory of the United Nations Principles Responsible Investment in 2008.
The responsible investment policy is not publicly availabe, but it is available to members and beneficiaries of the Pension Plan through the "Oficina del Partícipe y Beneficiario" (Participant's and Beneficiary's Office).
The Pension Plan has more than 35.000 members and more than 9.000 beneficiaries.
ASSET MANAGER: GPP
On the other hand, our asset manager's investment policy has been continuously in process of development and communicate it to their clients in the periodic meetings they celebrate with them all.
Strictly speaking, the document above indicated might not be considered as a SRI policy, however it is a communication paper sent to the whole universe of their institutional clients, explaining all the details of their SRI policy. Moreover, it appears in a public web with access not only to their clients but to the general public.
All the publications can be found in the following links:
The document comes written in Spanish, so let me sum up the key points shown in the SRI newsletter:
- Firstly, the document reviews the origin of the SRI initiative by United Nations, and as a consequence of their commitment with this issue.
- Secondly, it explains their 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 their externally managed assets, the proxy voting policy and the increase of resources dedicated to the development of their SRI policy.
- Finally, it also makes a review of the specialized providers hired by their company to supply their clients with the highest quality information.