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VERKA VK Kirchliche Vorsorge VVaG

PRI reporting framework 2019

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

Verka VK is a pension fund but is also subject to regulatory obligations for insurance companies in Germany.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Germany

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

60 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

We have two companies within our organisation for which we provide the organization and management including investment services. We also provide investment advisory for ecclesiastical utilities as well as pension management.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The figures are preliminary.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 <10% 5
Fixed income 10-50% 37 10-50% 37
Private equity <10% 3 <10% 2
Property <10% 1 <10% 6
Infrastructure 0 0 <10% 3
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 <10% 1
Farmland 0 0 0 0
Inclusive finance 0 0 <10% 1
Cash <10% 4 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed
5 SSA
70 Corporate (financial)
5 Corporate (non-financial)
20 Securitised
Total 100%
Externally managed
45 SSA
10 Corporate (financial)
40 Corporate (non-financial)
5 Securitised
Total 100%

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds or investments.
Asset class breakdown
Segregated mandate(s)
Pooled fund(s) or pooled investment(s)

Total of the asset class

(each row adds up to 100%)

[a] Listed equity
100%
[b] Fixed income - SSA
100%
[c] Fixed income – Corporate (financial)
100%
[d] Fixed income – Corporate (non-financial)
100%
[e] Fixed income – Securitised
100%
[f] Private equity
100%
[g] Property
100%
[h] Infrastructure
100%
[k] Forestry
100%
[m] Inclusive finance
100%

08.2. Additional information. [Optional]

In addition to Verka VK in each case at least the subsidiary Verka PK, VIFA Pensionsfonds, which is managed by Verka VK, and / or third party investors are involved.


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

90 Developed Markets
5 Emerging Markets
5 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

We hold EM Government and EM Corporate Bonds including Frontier Markets by external funds. Both funds are managed in compliance with sustainability criteria. These are matched with Verka and include negative and positive criteria, and best-in-class approaches based on ESG scores and ratings as well as information about the UN SDG impact. For the EM Corporate Bonds the carbon footprint has to be lower than 10 per cent under benchmark. Verka holds also a few Fixed Income direct investments in Emerging Markets like a bond of the Black Sea Trade and Development Bank and an Infrastructure Fund which invests in renewable energy projects as part of development assistance in Africa and Latin America.


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