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NN Investment Partners

PRI reporting framework 2019

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

The basis for NN IP's responsible investment approach is NN Group's Responsible Investment policy framework. NN IP applies the restricted list of NN Group. This includes Countries: Sovereign issuers involved in severe and systematic violations of Human Rights, against which arms embargoes have been issued by the UN Security Council. Based on NN’s exclusion list, NN IP also does not invest in controversial weapons, arms trade entities that are subject to embargoes and tobacco production. NN IP’s RI approach is a reflection of our investment beliefs, the organisation’s values, relevant laws, and internationally recognized standards such as the United Nations Global Compact and OECD Guidelines for Multinational Enterprises (hereafter: OECD Guidelines), based on which minimum requirements have been developed that have to be adhered to in the investment process. NN Group entities comply with all applicable sanction laws and regulations. For our Sustainable corporate bond funds, negative screening is based on controversial behaviour (norms-based screening) as well as exclusion of certain sectors  (gambling, adult entertainment, fur and specialty leather and weapons). NN IP applies positive screening for the Euro Green Bond fund on top of the already restrictive Green Bond Principles criteria.

 

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening?
Positive/best-in-class screening
Norms-based screening

06.2. Additional information. [Optional]

Information is reviewed on a regular basis, just as changes to the restricted list of companies and countries. The restricted companies and countries fall under NN IP's pre-trade compliance checks, resulting in automatically blocking trades in them. Regular post-trade compliance checks are in place as well. The ESG committee reviews changes to the restricted list on a quarterly basis.

In addition, KPMG audits sustainble fixed income strategies and mandates for the annual report of NN  Group 


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