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VBV Vorsorgekasse AG

PRI reporting framework 2020

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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          Promote ESG related independent certifications.
        

08.2. Additional information. [Optional]

We push managers to get certified with the Austrian eco-label for sustainable financial products wherever it is possible in order to get an additional external check.

Push managers to become a PRI signatory or sign the Montreal pledge. Nearly all our managers are signatories of PRI.


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          New investment in Emerging Market equities with an integrated ESG approach. VBV provided the seed capital for this new investment fund.
        
Conducted by
Asset class
Scope and process

In 2019 we decided from a strategic point of view to start investing in EM Equities, taking into account the specific requirements for provident funds in Austria. 

To do so, firstly we  provided our SRI guidelines together with the specific legal requirements and short-listed those investment managers that could guarantee a 100% compliance with them. Secondly, we asked the appointed external manager to try and get the Austrian eco-label for the fund within one year.

Outcomes

The fund was launched and is currently working to get the Austrian sustainability label certification by year end.

Topic or issue
          Impact Measurement: Monitoring process on SDGs
        
Conducted by
Asset class
Scope and process

We asked a third-party service provider to prepare an SDG assessment of our equity portfolio and compare it with MSCI World ETF

Outcomes

The result of the analysis showed that our equity portfolio contributes more than the benchmark to achieve the SDGs.

Topic or issue
          Monitoring process on ESG rating
        
Conducted by
Asset class
Scope and process

We asked a third-party service provider to prepare an ESG rating of our equity portfolio and compare it with our benchmark.

Outcomes

Our equity portfolio has a higher ESG rating than our benchmark.

09.2. Additional information.

no additional information


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