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Birta lifeyrissjodurinn

PRI reporting framework 2019

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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

Other description (1) Birta promotes the GRI standards, the UN Global Compact principles, along with Icelandic governance standards put forth by Nasdaq OMX, SA Confederation of Icelandic Enterprise and the Icelandic Chamber of Commerce.

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.

In the fund's investment policy it is clearly stated that the fund is commited to looking at ESG factors when considering investments. 

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]

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 https://birta.is/um-sjodinn/stjorn-og-stefnumotun/#eigendastefna

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

URL/Attachment

URL https://birta.is/um-sjodinn/stjorn-og-stefnumotun/#eigendastefna

02.3. Additional information [Optional].

In the attached URL the fund's votes on shareholders' meetings for the Icelandic listed companies are available for scrutiny, to further promote transparancy in the fund's take on RI matters.

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.

Conflict of interest/potential conflict of interest are prevented, e.g. the employees of the fund shall not take seats on a company board of directors, whether it is a listed company or not. Furthermore, the fund's employees shall not take seats on the board of a company in which the fund is invested in, but there is a distinction made between companies and holding companies; Birta's employees are allowed to take a seat on a holding company's board of directors, given the holding company was set up around a specific investment and/or investment consultancy which adheres to specific factors of the fund's operations.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)

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