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Fennia Varainhoito Oy

PRI reporting framework 2019

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

10.2. Indicate why you do not engage and do not require external managers to engage.

We do believe that consistent engagement with companies can impact how management teams address environmental, social and governance issues. Engagement can also help to reduce credit risk. We are developing our responsible investment policy and our main focus has been in the basic functions, such as incorporating ESG into investment decisions. We are aiming to incorporate engagement into our responsible investment strategy. 

Listed equity – voting

10.3. Indicate why you do not cast your votes

Most of our listed equity investments are in passive strategies and due to our limited portfolio management resources we do not engage in company monitoring and voting.

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (non-financial)

Property

Cash

Money market instruments

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Hedge funds

Hedge funds - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Cash

Cash - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Money market instruments

Money market instruments - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

ESG due diligence is a standard part of our research process, which we do before choosing a external manager. We analyse how the potential external manager has integrated ESG factors into investment decision-making processes, has the potential manager signed UN PRI, do they have responsible investment policy and if they do, does it include engaging-, voting-, exclusion- and reporting policies.  We evaluate whether external managers have sufficient resources to efficiently carry out investing accoriding to the stated policies. We aim to meet our external managers to discuss ESG matters and other important topics with them.  We evaluate external managers via information gathered in meetings/ documents. 

11.5. For your externally managed pooled funds, describe any mechanisms in place to set expectations as part of the appointment or commitment process.

We do not have any white label funds at Fennia Asset Management. When we select funds/external asset managers our DD process aims to ensure that managers will achieve their stated investment goals, and post selection we monitor performance in relation to investment goals. ESG is a part of both the DD analysis and monitoring. 


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Fixed Income

Direct - Other asset classes with dedicated modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]

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