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Formuepleje

PRI reporting framework 2020

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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

Listed equity – voting

10.3. Indicate why you do not cast your votes

Formuelpleje only votes on rare occasions and have not cast any votes in 2019. Formuepleje is in the process of formalizing the proxy voting setup.

Fixed income Corporate (non-financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Formuepleje do not have a formal setup for direct engagement for Fixed income corporate bonds. The fund managers do, however, meet with the management on a regulariy basis and do raise ESG relevant questions to the management if needed. If a company is not moving in the right direction we would sell the bonds. Corporate Bonds is a small part of the overall AUM at Formuepleje and our direct influence is small.
        

Fixed income Corporate (securitised) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          The majority of Formuepleje’s Fixed Income AUM lies within this category and contains only Danish mortgage bonds. Formuepleje finds no value in engaging with the Fixed Income Securitised issuer, given the nature of the Danish mortgage bonds market - an interaction between the Danish mortgage institute and the Danish home owner. Formuepleje do not at this point engage in these bonds as no ESG-related issues have been indicated historically.
        

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).

Fixed income - corporate (non-financial)

Fixed income - securitised

Cash

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

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

Responsible investment is an intergral part of our investment manager selection, appointment and monitoring processes. Responsible investment is on the agenda for all regular meetings with the external managers and it's an important part of the yearly evaluation. If new issues arise with a company that Formuepleje invest in, we expect our external managers to set up a meeting as soon as possible.


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

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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