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ASR Vermogensbeheer N.V.

PRI reporting framework 2019

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate (1) which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities and (2) the breakdown of your actively managed listed equities by strategy or combination of strategies (+/- 5%)

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied
100 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to incorporation and the reasons for choosing the particular ESG incorporation strategy/strategies.

Our SRI policy is publicly available at http://asrnederland.nl/duurzaam-ondernemen/beleggen.

There is a distinction between investments, whether internal or external, where a.s.r. has the capability to influence the guidelines of the investment portfolio, and the investments in funds or other vehicles from external providers, where a.s.r. does not have this capability.

Specifically for companies, a.s.r. investment decisions include the company's score on ESG criteria (Environmental, Social and Governance) and an assessment of controversial activities. We engage or exclude companies involved in controversial activities and favor companies excelling on ESG policy and implementation, these are classified as pioneering, best-in-class and sustainable companies.

 

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]


LEI 02. Type of ESG information used in investment decision (Private)


LEI 03. Information from engagement and/or voting used in investment decision-making (Private)


(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

Investment decisions of a.s.r. for equities and credits include the company's score on ESG criteria and an assessment of controversial activities. a.s.r. SRI guidelines follow the standards defined by Forum Ethibel and the SRI research provided by Vigeo.

1. Selection of companies by their relative ESG score.

We favor companies excelling on ESG policy and implementation, these are classified as pioneering, best-in-class and sustainable companies. This classification applies a relative, sector wise ranking for six domains of analysis:

Environment
Human Resources
Human Rights
Community Involvement
Business Behaviour
Corporate Governance.

Additionally we have defined specific guidelines for the relative ranking of companies involved in the following activities:

Animal maltreatment
Sex industry
GMO's in food and feeds
Hazardous Chemicals
Alcohol

2. Controversial activities:

As an institutional investor we can influence companies through engagement,When we cannot achieve enough improvement in a constructive dialogue, we can exclude a company from our investment portfolio.based on the following controversial activities:

Human Rights / Labour Rights / Environment violations
Armament
Nuclear Energy
Gambling
Tobacco
Coal
Tar sands& Shale Olie

We always exclude companies engaged in the production or trade of controversial weapons. For other criteria, we may use engagement for influencing.

 

Screened by

Description

See above

Screened by

          See a.s.r. SRI policy at https://www.asrnederland.nl/over-asr/duurzaam-ondernemen
        

Description

See a.s.r. SRI policy at https://www.asrnederland.nl/over-asr/duurzaam-ondernemen

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

a.s.r. is committed to ensuring that it makes investment decisions responsibly and with integrity.

This Policy for Socially Responsible Investment (SRI) has been developed to allow a.s.r. to pursue a responsible and sustainable approach, whilst minimising any negative impact on its investment returns.

The a.s.r. SRI Policy has been extended over time to capture the progress of the market and changes in the society.

The first comprehensive SRI policy was agreed at a.s.r. Board level (previously Fortis Insurance Nederland) in 2007. This SRI policy describes the commitment of a.s.r. to exclude certain 'non-sustainable' practices from our portfolio and to focus on the 'best-in-class' investments per industry/sector. It also describes the modus operandi for the implementation of the policy. The objective is to have a full compliant portfolio, which is screened on a semi-annual basis by an external Research and Screening SRI Agency, Vigeo, and accredited by the certification of Forum Ethibel.

In 2010, the SRI criteria were slightly amended following the criteria from Forum Ethibel, and utilise their Excellence Register to identify the 'best-in-class' investments. In addition, a.s.r. expanded the semi-annual screening to include the constituents of the benchmarks used. This way, we are aware of the issues with non-sustainable companies in the first place, and we can decide on the most appropriate way to proceed whether not to invest in the company or get involved in 'engagement to influence'.

The SRI policy is approved by the Board of Directors of a.s.r. Any interpretations or exceptions on the policy as well as the decision to invest, engage or exclude a company are taken by the a.s.r. (Centraal) Beleggingscomité.


LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure screening is based on robust analysis.

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached (Private)


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the ESG factors you systematically research as part of your investment analysis and the proportion of actively managed listed equity portfolios that is impacted by this analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on a robust analysis.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.4. Indicate how frequently you review internal research that builds your ESG integration strategy.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information.[Optional]


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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