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Landesbank Baden-Württemberg (LBBW)

PRI reporting framework 2020

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.

We integrate ESG*-related topics into analytical and decision-making processes in investment banking. By doing so, we act in the best and long-term interests of our clients and stakeholders. When implementing our sustainability targets, we apply benchmarks such as the United Nations' Principles for Responsible Investment (PRI).

We therefore commit to the following - as far as this is compatible with our responsibility to the customer: We actively promote sustainable investments. In our business with customers we offer sustainable investment products for all customer groups and in all asset classes, provided that investment opportunities are available that meet the criteria for other products and services offered to customers. The goal is to increase the share of sustainable investments in all business areas – including in our own investment portfolio.

  • We support businesses and corporations in which we invest as active shareholders. We urge them to provide transparent information about ESG factors. If we identify any violation of our basic values, we will enter into an intensive dialog with the companies concerned.
  • We work toward greater acceptance and implementation of the PRI (Principles for Responsible Investment) in the finance industry.
  • In 2019 LBBW signed the Principles for Responsible Banking (PRB).

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]

In 2019 the ESG exclusion criterias were revised and are now applied to a significantly greater number of portfolios. Our exclusion criterias are valid to all new investments and contains human rights controversies, labour rights controversies, controversal environmental practices and we don not invest in coal producer >= 5%. Moreover, we do not invest in bonds issued by authoritarian regimes. The review is conducted by the sustainability rating agency ISS ESG. As of 31 December 2019, EUR 30,5 billion were invested in fixed income and money market products. Furthermore, we have prepared a climate impact report for our own investment portfolio (Depot A) by ISS Climate.

LBBW implemented Principles and Guidelines for Implementing LBBW’s Sustainability Policy and Goals. These Principles and Guidelines as well as the Sustainability Policy and Goals form the basis for sustainability management at LBBW on a whole.

The LBBW together with other companies are promoting the implementation of Agenda 2030, the global sustainability agenda, and the achievement of the goals of the Paris Convention - thus contributing to development and climate protection at the same time. We want globally sustainable development and are actively facing up to the climate protection challenges that lie ahead. In August 2019 we signed the principles for responsible banking (UN PRB) and support  the 6 Principles. We are aligning our business even more strongly to this.
 

 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

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].

LBBW implemented Principles and Guidelines for Implementing LBBW’s Sustainability Policy and Goals. These Principles and Guidelines as well as the Sustainability Policy and Goals form the basis for sustainability management at LBBW on a whole.

In March 2019 we published the sustainability practices at LBBW. See: https://www.lbbw.de/konzern/nachhaltigkeit/20191021-lbbw-sustainability-practices-at-lbbw_986m3aiz7_m.pdf.

 

LBBW Green Bond:

https://www.lbbw.de/konzern/disclaimer/disclaimer-green-bonds/lbbw_green_framework_and_portfolio_2018_english_9gpf4ah9e_m.pdf?r=mdqxna

https://www.lbbw.de/konzern/disclaimer/disclaimer-green-bonds/201711_lbbw_greenbond_assessment_methodology_7xrkcj7pq_m.pdf

LBBW Social Bond:

https://www.lbbw.de/konzern/disclaimer/disclaimer-social-bonds/methodological_background_lbbw_englisch_final_aad9chgz97_m.pdf

https://www.lbbw.de/konzern/disclaimer/disclaimer-social-bonds/20190916_lbbw_social_bond_framework_2019_english_93qfhzg25_m.pdf

 

 

 


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.

Management of potential conflicts of interest is part of the Code of Conduct of LBBW.

https://www.lbbw.de/rechts-und-kundeninformationen/lbbw_code_of_conduct_englisch_7v4a6ctuj_m.pdf

Further details are part of our internal Capital Markets Compliance Guideline.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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