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VBV Vorsorgekasse AG

PRI reporting framework 2020

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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] (B) Implementation: Thematic [LEI 07] (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] (B) Implementation: Thematic [FI 07 - 09] (C) Implementation: Integration [FI 10 - 12] Outputs and outcomes [FI 17 - 18]
Confidence building measures
Confidence building measures [CM1 01 - 07]
Export Public Responses
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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

  • product: we do not invest in nuclear energy, tobacco, weapons and munitions
  • activity: we do not invest in gene technology
  • sector: we do not invest in coal
  • country: we do not invest in countries which have authoritarian regimes, we exclude countries with death penalty
  • environmental and social practices and performance: we do not invest in companies that violate labour law and human rights, we exclude companies that cause massive ecological damage
  • corporate governance: we do not invest in companies involved with controversial economic practices                                                     

 

 

Screened by

Description

Criteria used for the incorporation of financial and ESG analysis are set according to the sector the company belongs to. It follows that the best-in-class screening ranks companies belonging to the same sector.

Screened by

Description

  • violations of human rights are tested against ILO Conventions and UN declaration on human rights

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

Screening criteria are set by our Ethics Committee, which meets regularly four times per year and reviews criteria annually. Changes which are made to our screening criteria are added to our SRI guidelines, which are available on our website. They are also written down in every annual report, which is delivered to our stakeholders.

LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure ESG screening is based on robust analysis.

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]

LEI 06. Processes to ensure fund criteria are not breached

06.1. Indicate which processes your organisation uses to ensure fund criteria are not breached.

06.2. If breaches of fund screening criteria are identified, describe the process followed to correct those breaches.

Generally we divest, but sometimes we engage too.

 

06.3. Additional information. [Optional]

We also get frequently feedback from the auditors of the Austrian Eco Label regarding critical positions in our portfolio. Usually we follow their recommendations and sell the position with protecting interest.
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