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VBV Vorsorgekasse AG

PRI reporting framework 2020

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(Proxy) voting and shareholder resolutions

LEA 12. Typical approach to (proxy) voting decisions

12.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

12.2. Provide an overview of how you ensure that your agreed-upon voting policy is adhered to, giving details of your approach when exceptions to the policy are made.

The service provider is given guidance by our business partner, which has almost the same investment guidelines as we have.

12.3. Additional information.[Optional]


LEA 13. Percentage of voting recommendations reviewed (Not Applicable)


LEA 14. Securities lending programme

14.1. Does your organisation have a securities lending programme?

14.2. Describe why your organisation does not lend securities.

We do not have a securities lending programme for risk management reasons.

14.4. Additional information. [Optional]

.


LEA 15. Informing companies of the rationale of abstaining/voting against management

15.1. Indicate the proportion of votes participated in within the reporting year in which where you or the service providers acting on your behalf raised concerns with companies ahead of voting.

15.3. Additional information. [Optional]


LEA 16. Informing companies of the rationale of abstaining/voting against management

16.1. Indicate the proportion of votes where you, and/or the service provider(s) acting on your behalf, communicated the rationale to companies for abstaining or voting against management recommendations. Indicate this as a percentage out of all eligible votes.

16.3. In cases where your organisation does communicate the rationale for abstaining or voting against management recommendations, indicate whether this rationale is made public.

16.4. Additional information. [Optional]


LEA 17. Percentage of (proxy) votes cast

17.1. For listed equities in which you or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

100 %

Specify the basis on which this percentage is calculated

17.3. Additional information. [Optional]


LEA 18. Proportion of ballot items that were for/against/abstentions

18.1. Indicate whether you track the voting instructions that you or your service provider on your behalf have issued.

18.2. Of the voting instructions that you and/or third parties on your behalf have issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
90 %
Against (opposing) management recommendations
10 %
Abstentions
0 %
100%

18.3. In cases where your organisation voted against management recommendations, indicate the percentage of companies which you have engaged.

0

18.4. Additional information. [Optional]


LEA 19. Proportion of ballot items that were for/against/abstentions

19.1. Indicate whether your organisation has a formal escalation strategy following unsuccessful voting.

19.3. Additional information. [Optional]


LEA 20. Shareholder resolutions

20.1. Indicate whether your organisation, directly or through a service provider, filed or co-filed any ESG shareholder resolutions during the reporting year.

20.7. Additional information. [Optional]

.


LEA 21. Examples of (proxy) voting activities

21.1. Provide examples of the (proxy) voting activities that your organisation and/or service provider carried out during the reporting year.

ESG Topic
Health and Safety
Conducted by
Objectives

Report on Pesticide Management
 

Scope and Process

Negative health effects of glyphosate-based pesticides and the suspected carcinogenic effect are the subject of current debates. At the company´s Annual General Meeting  an application was made to coordinate the quantitative declaration of the use of herbicides in the supply chain. The company's oat products in particular are suspected because traces of glyphosate have been detected.
 

Outcomes
ESG Topic
Health and Safety
Conducted by
Objectives

Report on the Health Impacts and Risks of Sugar in the Company's Products
 

Scope and Process

The supported application requires the company to deal with the social risks that arise from the marketing of beverages with a high sugar content. Due to increased regulations in public schools regarding the use of such products, stricter transparency requirements for ingredients, as well as existing or expected taxes in this area (implementation already in e.g. Mexico, Portugal, Thailand etc.), the company may find additional legal, regulatory and reputational risks.
 

Outcomes
ESG Topic
Other

specify

          
        
Conducted by
Objectives

Report on Gender Pay Gap

Scope and Process

The growing sensitivity of the society for equality and diversity issues increases the pressure on the company to publish a global median for the gender pay gap in the company. The gender pay gap is defined as the difference between male and female median incomes (measured by median), represented as a share of men's incomes. According to the results of various studies, diversity has a positive effect on long-term shareholder value, which is why we supported the application.
 

Outcomes

21.2. Additional information. [Optional]

.


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