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SPOV (Delisted)

PRI reporting framework 2019

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Organisational Overview
Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]
Strategy and Governance
Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]
Indirect – Manager Selection, Appointment and Monitoring
Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]
Direct - Listed Equity Incorporation
ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]
Direct - Listed Equity Active Ownership
Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]
Direct - Fixed Income
ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]
Direct - Property
Overview [PR 01] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Outputs and outcomes [PR 15 - 16]
Indirect - Inclusive Finance
Context [IFI 01] Selection [IFI 02] Contractual agreements and mandate design [IFI 03] Investment manager monitoring and reporting [IFI 04 - 05] Disclosure [IFI 06 - 07]
Confidence building measures
Confidence building measures [CM1 01 - 07]
Export Public Responses
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You are in Strategy and Governance » Investment policy

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

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

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.

At SPOV we want our investment policy to be in line with the long-term horizon of our commitments (pension payments). This means we are looking for stable returns on the long-term. We believe that inefficiencies are part of every market, wherefore an active investment policy can pay off. Diversification is key and an extra reward for illiquidity and long-term investment exists. Additionally, we only want to invest in investment categories that are transparent and understandable.

For us, these beliefs have resulted in the management of a largely active, long-term investment portfolio. Our focus is on the quality of a company instead of its valuation. Quality is expressed in both stable financial returns as well as an adequate management of ESG. ESG is therefore an intrinsic part of our selection process. To really get to know our companies, as a shareholder we are very much involved with the companies we invest in and engage in regular dialogue with these companies.

Our investment beliefs can be found via the following link: http://www.spov.nl/Portals/2/Content/Over%20het%20SPOV/Documents/2017/Beleggingsbeginselen.pdf

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]

01.6. Additional information [Optional].
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 (Private)

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 http://www.spov.nl/Over-SPOV/Verantwoord-beleggen/Maatschappelijk-verantwoord-beleggen

URL/Attachment

URL http://www.spov.nl/Over-SPOV/Verantwoord-beleggen-MVB/Uitsluitingenlijst

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

URL/Attachment

URL http://www.spov.nl/Over-SPOV/Verantwoord-beleggen/Maatschappelijk-verantwoord-beleggen

URL/Attachment

URL http://www.spov.nl/Portals/2/Content/Over%20het%20SPOV/Documents/2017/Beleggingsbeginselen.pdf

URL/Attachment

URL http://www.spov.nl/Over-SPOV/Verantwoord-beleggen-MVB/MVBgeïntegreerdindebeleggingsportefeuille

URL/Attachment

URL http://www.spov.nl/Over-SPOV/Verantwoord-beleggen-MVB/Invloedalsaandeelhouder

URL/Attachment

URL http://www.spov.nl/Over-SPOV/Publicaties

02.3. Additional information [Optional].

All these descriptions and documents are simplified in order to make them more accessible to our participants and the general public.

We consciously decided not to publish its own detailed guidelines on E, S and G factors. We believe that publishing further documentation can lead to information overload for participants. The formalized guidelines on environmental, social and corporate governance factors are attached and available upon request.

 

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.

- Every (potential) conflict of interest has to be reported to the compliance officer.

- Transactions with an/or gifts received from (potential) clients and/or relations of SPOV have to be reported.

- Personal investment transactions can in no means be executed based on insider information. The compliance officer  has the right to research all personal investment transactions of board members.

- The compliance officer has the right to research any transaction, gift and (potential) conflict of interest. The results of this research will be reported to the CEO and, if necessary, the Supervisory Board. Sanctions (from warnings to immediate dismissal) are involved for not complying with the conflict of interest policy.

- The conflict of interest policy, jointly with the code of conduct, have to be reviewed and signed every year by all board members.

SPF Beheer, which conducts all of our transactions and the manager selection also has a conflict of interest policy. For more information, see the transparency report of SPF Beheer.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)

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