If you select any 'Other' option(s), specify
These investments are analyzed by the Asset Manager in the due diligence process which includes a section to assess SRI issues.
Describe how the ESG information reviewed and discussed affects the selection decision making process.[OPTIONAL]
BBVA Fondo de Empleo incorporates ESG information into the analysis of the investment and decision-making processes with a double objective: to improve the risk-return of investments and to fulfill the social responsibility of the Pension Fund.
Our asset manager (GPP) includes on his monthly report of investments the ESG rating of European listed equity companies.
For the implementation of the SRI policy, our asset manager contracts the services of an external provider, MSCI, who provide it with the analysis of the individual investments as well as a series of indicators (ESG ratings) that allow it to assess the SRI risks of companies in the portfolio.
The Control Commitee requests clarification from the asset manager when doubts arises regarding any investment.
In addition, we have applied the monitoring processes in accordance with the annual report by Sustainalytics, that includes the environmental, social and governance (ESG) analysis of our Pension Fund.
Finally, our asset manager annually publishes the management report of the Pension Fund together with the audit report of annual accounts which itself includes the conclusions of the Sustainalytics report.