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Vontobel Holding AG

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy


SG 01. RI policy and coverage


01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。


01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

Sustainability and Environmental, Social & Governance (ESG) principles are firmly embedded in our culture. We live these values through our conduct and commitment to the common good.

At Vontobel, sustainable investing is anchored by three fundamental principles: feel good, do well and do good.

We believe:

  • Our business decisions have the potential to significantly impact society and the environment.
  • Paying attention to ESG topics is part of our fiduciary duty and helps ensure that we build resilient solutions.
  • Businesses which actively engage on ESG issues tend to have better risk management and shareholder returns.

Our guiding principles are:

  • ESG analysis is an integrated part of the investment process.
  • We exclude specific controversial industries from our investment universe.
  • By exercising voting rights and engaging with companies, we align our goals with those of our investors.
  • We monitor the carbon footprint of investment portfolios and offer specific investment strategies with the aim of mitigating climate change.
  • We actively promote acceptance and implementation of ESG issues and report transparently on them.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

01.6. 補足情報 [任意]

下記を読み理解しました I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。






02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。



02.3. 補足情報 [任意]

There are different approaches for different boutiques. Details are provided in the respective sections of this questionnaire.

  • The Exclusion Screen of Cluster Bomb and Land mine producers applies to all assets.
  • Specific policies on voting apply to a majority of all assets.
  • Other policies apply to a minority of all assets

On group level, we are in the process to formalize an ESG / responsible investment policy by 2020.

At Vontobel Asset Management, we are convinced that a one-size-fits-all ESG approach falls short to account for differences in geographies, asset classes as well as investment styles and objectives. For this reason, we develop specialized ESG strategies tailored to the respective investment strategy. This enables us to cover a wide range of client needs in a targeted manner, thus creating added value compared to standardized ESG approaches, such as passive ESG ETFs.

This client-centric strategy is enabled by our independent investment boutiques that develop and apply their own investment and ESG strategies and approaches. The common denominator between boutiques forms the "ESG Investment Council" which coordinates the activities and processes in the area of ESG and consists of members of all relevant teams. Our investment teams managing ESG strategies communicate individually about their respective ESG approaches, e.g. with extensive sector papers or white papers explaining their ESG approach in-depth.


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Vontobel's code of conduct refers to general principles of good business behaviour and also covers corruption aspects and a fair and honest relationship with our clients. The code of conduct applies to all business segments (Asset Management, Wealth Management, Investment Banking) and is an integral part of the work contract with Vontobel. Further details on the avoidance of corruption are outlined in the employee handbook, which is available in the Vontobel intranet. It is a must-read for all employees.

Also, it is mandatory for each employee to complete a webinar on compliance and pass a test that is associated with the training.

Link to the Vontobel Code of Conduct:

Vontobel also has a "Group Policy on Conflict of Interest", which is available to all employees via the Employee Handbook, the latest version of which is accessible through the intranet.

03.3. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)