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NN Investment Partners

PRI reporting framework 2019

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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

          Stewardship Policy
        

01.3. Indicate if the investment policy covers any of the following

Other description (1) Norms - based Responsible Investment criteria
Other description (2) restrictions on controversial behavior and activities

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.

As a large, international asset manager, and being part of a stocklisted international insurance company, Responsible Investment (RI) is an integral and important factor in what we do. In our role as active and responsible investors, we integrate ESG factors into our investment process and it is part of our core investment beliefs.

To us, Responsible Investment is all about transparency and considering the ESG factors to identify the risks and opportunities that can impact long-term investment return. Our investment horizon is long term. Focusing on ESG also ensures that we live up to our values, and demonstrate good corporate citizenship. It helps us better align our core business with the broader expectations of society.

NN IP is committed to investing responsibly and delivering customer-oriented investment solutions. We provide investment management services to a wide range of clients and we seek to invest their assets responsibly and with integrity, with a full understanding of the opportunities and risks involved. We aim to assist our clients in reaching their RI ambitions.

We offer specialised, sustainable investment solutions across all of our asset classes.

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]

Responsible investing is a key investment belief at NN IP. Responsible investing matters and it works. We regard  it as the best way to enhance risk-adjusted returns while contributing to society as a whole. We believe that companies with sustainable business practices and  high standards of corporate governance will become  the success stories of the future.

We engage in direct dialogues with the companies in which we invest, have solid connections with other  institutional investors, and take an active approach in our engagements with international sustainable initiatives  and NGOs. This helps ensure that we put our capital and that of our clients to work in the most sustainable way.  Because it matters. And it works.

Our proximity to our clients plays a vital role in this process and we are often involved in strategic discussions on their responsible investing ambitions. We use an integrated approach to help our clients realise their responsible investing goals.

We are convinced of the benefits of integrating environmental, social and governance (ESG) information into the investment process for our equity, fixed income and multiasset strategies. ESG is relevant because it relates to both corporate competitiveness and the strategic choices companies make. Focusing on ESG factors enables our analysts to unlock potential value by identifying the associated opportunities and/or risks, which fund managers then use as the basis for their investment decisions.

01.6. Additional information [Optional].

          Over reporting year 2018 we published our Responsible Investing 2018 year report, 
 https://www.nnip.com/en-INT/professional/themes/responsible-investing-report-2018  
(it was published simultaneously with the integrated annual report of NN Group)
        
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

Other, specify (1) description

          NN IP Responsible Investment 2018 report
        

URL/Attachment

Attachment


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

URL/Attachment

Other description (1) Voting

02.3. Additional information [Optional].

On all of the above topics, our NN IP Responsible Investment 2019 report describes our activites and progress in 2018.

 

In additon on the above mentioned policies 

NN IP adheres to NN Groups RI Framework policy which is the overarching policy regarding responsible investing and was renewed in 2018

file:///C:/Users/UP18HN/AppData/Local/Packages/Microsoft.MicrosoftEdge_8wekyb3d8bbwe/TempState/Downloads/Responsible_Investment_Framework_policy_2018%20(1).pdf/Responsible_Investment_Framework_policy_2018%20(1).pdf  

 

NN IP publishes regularly insight reports, sharing NN IP's view on ESG matters.  https://www.nnip.com/en-INT/professional/insights

 

Next to the formalised guidelines on social factors, NN Group has formalised guidelines on human rights:

 https://www.nn-group.com/nn-group/file?uuid=5273ebea-d249-491b-927d-9a4d4cae181e&owner=c5df72fd-8a65-4f75-956d-5e37307aa50c&contentid=1176

And also on our environmental policy a supporting document has been published:

see https://www.nn-group.com/nn-group/file?uuid=f707d07b-5b3a-41cd-9dd5-5bb2373b1b2f&owner=c5df72fd-8a65-4f75-956d-5e37307aa50c&contentid=1651

 

Besides the Global voting policy (as indicated above), NN IP has two voting policies.

A voting policy dedicated for voting on behalf of the clients,

and a voting policy dedicated for the proprietary investments.

https://www.nnip.com/en-INT/professional/about/policies-and-governance

- Voting Policy Clients

https://assets.ctfassets.net/y4nxuejkhx03/2sg9GucDBCOUWIC2gUkI2S/88befc23b5aec7c4616489cd9831eef1/About-us_Voting-Policy-Client-Assets_en.pdf 

- Voting Policy Proprietary Investments

https://assets.ctfassets.net/y4nxuejkhx03/mLREBmxMZ2ayEU6USGwIW/0bc1546500b91a2b2cbc7a93e6b20834/About-us_Voting-Policy-Proprietary-Investments_en.pdf  

 


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.

NN IP conducts business in a way which is fair, professional and in accordance with the best interests of our clients.

We take all the appropriate steps to identify, prevent and manage conflicts of interest.

Under EU legislation, we are required to maintain and operate effective organisational and administrative arrangements with a view to taking all possible steps to prevent conflicts of interest from adversely affecting the interests of our clients.

We keep and regularly update a record of the kinds of investment activity carried out by or on behalf of us where a conflict of interest entailing a risk of damage to the interests of one or more clients has arisen or, in the case of an ongoing service or activity, may arise.  For each identified conflict, we have measures in place to manage, control and prevent any potential adverse impact on our clients, appropriate to the type of conflict in question.

 

03.3. Additional information. [Optional]

More specifically on managing conflict of interests regarding our proxy voting process:

NN IP manages assets for the account of clients as well as for the account of NN Group's businesses, the proprietary assets. NN IP will cast proxy votes for all assets in a way that best serves the beneficial owner of the client assets. Client assets will only be voted in the exclusive interest of the clients, without taking into consideration the interest of NN Group's businesses. When voting for proprietary assets, NN IP may take into consideration all the different relationships of NN Group's businesses with the investee companies.

NN IP will maintain Chinese Walls between the management of proprietary assets and client assets. For this reason NN IP has set up a proxy voting committee which is tasked with voting on client assets and a separate proxy voting committee responsible for voting on proprietary assets.

As we maintain strict Chinese Walls between the proxy voting committee clients assets and the proxy voting committee proprietary assets, NN IP may cast different votes on a single voting issue. This procedure will prevent any conflicts of interest and allows us to serve the best interest of both our third party clients as well as NN Group businesses

 

 


SG 04. Identifying incidents occurring within portfolios (Private)


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