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Evli Bank Plc

PRI reporting framework 2019

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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.

We at Evli want to achieve the best possible return for our clients’ investments. We believe that investors and companies that take responsibility issues into consideration will benefit in the long term. We also want to promote openness and transparency through responsible investment. We have therefore integrated factors that affect the environment, society and governance into Evli Wealth Management’s investment operations in accordance with our principles of responsible investment.

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]

We do not apply the responsible investment criteria to index funds, passive exchange-traded funds or to sovereign bond investments.

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

01.6 CC. Indicate the climate-related risks and opportunities that have been identified and factored into the investment strategies and products, within the organisation's investment time horizon.

We regularly analyze our internally managed funds (equity and corporate bond) to understand climate-change related risks and opportunities that funds' investments might have. For analyzing funds, we use separate climate change related database bought from MSCI ESG Research, which e.g. includes greenhouse gas emission data, fossil fuel reserves data, utilities energy sources and fossil fuel related revenue information. We regularly calculate funds' carbon foot prints, follow possible investments to companies owning fossil fuels and screen companies deriving majority of their revenues from thermal coal. We also compare these figures against each fund benchmark. 

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

01.9 CC. Indicate whether the organisation publicly supports the TCFD?

01.10 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

01.11 CC. Describe how and over what time frame the organisation will implement an organisation-wide strategy that manages climate-related risks and opportunities.

The implementation and practices related to organisation-wide strategy will be assessed during 2019 and the actual implementation could be 2020-2021 if the current plans are accurate.

1.12 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.


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

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

02.3. Additional information [Optional].

The principles for Responsible Investment for Evli Wealth Management (please see the attachment SG 02.1) cover our organisation’s definition of ESG and/or responsible investment and it’s relation to investments, formalised guidelines on environmental, social and corporate governance factors, screening / exclusions policy, governance structure of organisational ESG responsibilities, ESG incorporation approaches, active ownership approaches and reporting.
 


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.

Evli's staff is bound to follow ethical principles and guidelines for conflicts of interest as approved by Evli's Board of Directors.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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