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Coeli

PRI reporting framework 2019

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, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Our ambition is to invest in companies that are proactive in the environmental, social and governance issues. This means that we do not invest in companies that are violating the international norms and where a dialogue has not lead to the desired result. Coeli does under no circumstances invest in companies that are involved in production or sales of illegal weapons, such as cluster munitions and anti-personal mines, or nuclear weapons. We expect that the companies we invest in apply to international norms and conventions. If a company violates these norms and conventions Coeli initiates a dialogue with the concerned company to achieve changes in management and behavior. If a dialogue does not lead to desired impact Coeli will sell its holding in the company.

 

Our investment principles and overall investment strategy are both formalised in internally distributed policy documents that has been adopted by the Board of Directors and/or CEO, as well as in publicly available information regarding our definition and approach to responsible investments and investment strategies in general. Please refer to https://coeli.com/our-funds/responsible-investments/ and https://coeli.com/our-funds/ .

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]

We ensure our investments apply to norms and conventions by working in different ways:

• The fund managers monitor on a daily basis the holdings in the funds.
• The fund managers have face to face meetings with corporate executives to gain better understanding of a business operation and management.
• Coeli has defined a Risk Committee which is led by the CIO, Chief Investment Officer. The Risk Committee follows up on a regular basis if investments are responsible and sustainable.
• The holdings are screened by the external and independent organization ISS-Ethix. ISS-Ethix helps companies to audit companies from an ESG perspective.

 

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


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

URL/Attachment

URL/Attachment

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

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].

Our investment principles and overall investment strategy are formalised both in internally distributed policy documents that has been adopted by the Board of Directors and/or CEO, as well as in certain publicly available information regarding e.g. our definition and approach to responsible investments and investment strategies in general. Please refer to https://coeli.com/our-funds/responsible-investments/ and https://coeli.com/our-funds/ .


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.

Coeli's management team must work actively to continuously identify, monitor and manage any conflicts of interest that may arise in the business.

Employees shall immediately inform their immediate superior or the Compliance function of situations where any conflicts of interest have been identified or may arise.

Identified existing and potential conflicts of interest should be documented in a special log that is administered by the Compliance function. The documentation must contain information on how the conflict of interest is handled.

In particular, Coeli shall assess the existence of any conflicts of interest associated with the following situations:
▪ When developing new or substantially changing products and services
▪ When entering into new contract agreements
▪ When entering into agreements with new counterparties for portfolio transactions in the funds
▪ In case of other material changes to the business, such as acquisitions or mergers of companies, recruitment of board members, etc.

The above situations should always be considered in connection with the annual audit of the guidelines.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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