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

Birta lifeyrissjodurinn

PRI reporting framework 2019

serch-btn

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors. 

          The SSA instruments we invest in are mainly government and municipal bonds. Although we do not actively engage the issuers on ESG matters (namely, the Icelandic government), we fully expect them to address these issues and be mindful of them.

Fixed income Corporate (financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors. 

          The investments Birta makes that fall under "Fixed Income Corporate (financial)" consists almost entirely in covered bonds issued by Icelandic banks. Those three entities are fairly ESG focused, and thus Birta hasn't had to engage in any way, but if the banks would engage in practices that the fund deems not in line with ESG factors, the fund would most likely raise its concern.

Fixed income Corporate (non-financial) – engagement

OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

Our meetings with investment managers usually includes a presentation on their take on ESG matters and their implementation in the manager's investment philosophy. After an investment has been made with a particular manager they are usually trusted to continue with their mindfulness of these matters, as we have not (yet) developed a monitoring process.

OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

Direct - Listed Equity active ownership

Direct - Fixed Income

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]

Previous Section Next Section
Top