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VBV Vorsorgekasse AG

PRI reporting framework 2020

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Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

  • Our Ethics Commitee meets four times per year
  • We usually set and review objectives for our responsible investments on an annual basis
  • Ad-hoc updates can also happen.

SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          set up of 4 groups (asset management and risk management) to discuss four different topics in sustainable finance
joined seminars related to the topic.
        

Progress achieved

 Internal papers valid for the whole organisation, VBV-Vorsorgekasse and VBV-Pensionskasse, on taxonomy, sustainable investment reporting , climate-risk/transition/ESG benchmarks

Key performance indicator

          Implement and record Proxy voting activities.
        

Progress achieved

Proxy Voting report for 2019 will be available in the 2019 Annual Report

Key performance indicator

          Developement of the ESG Portfolio Status according to the OeGUT Assessment
Launch of SDG report on our equity portfolio by a third Party (ISS oekom)
        

Progress achieved

VBV obtained the Gold Status from the Austrian public-held Oegut Association

Our equity portfolio is more SDG-compliant than the MSCI world index (respectively a MSCI World ETF), which is the benchmark of our equity investments

Key performance indicator

          Proxy voting activities.
        

Progress achieved

More detailed record of Proxy voting activities.

Key performance indicator

          Number of portfolio companies with incorporated ESG and financial  Analysis
        

Progress achieved

  • standardized measures to evaluate ESG issues
  • consideration of the quantity of ESG information disclosed by a portfolio company
  • improved automatisation of the analysis to increase the investment universe reports 

Financial performance of investments

Key performance indicator

          Monitor returns from companies excluded from our portfolios because of our investment policy and compare them with our portfolio and with specific sectors.
        

Progress achieved

Some tests have been done to compare returns of an official black list companies with VBV's portfolio and selected assets category and sectors.

ESG characteristics of investments

Key performance indicator

          Percentage of sustainable investments regarding to OeGUT monitored on a quarterly basis.
        

Progress achieved

Over 90% are classified as good or excellent

Key performance indicator

          Carbon footprint of our equity Portfolio. Target: 1/3 less than benchmark. (MSCI World Index)
        

Progress achieved

2019 carbon footprint of VBV portfolio is even more than 1/3 lower than MSCI World´s carbon footprint.

Other activities

Key performance indicator

          Participation in "Focal Group Green Finance" , which has been established by the Austrian Ministry of Climate Action and the Austrian Ministry of Finance in 2019
        

Progress achieved

VBV participated in several working sessions together with the Austrian Ministry of Climate Action, the Austrian Ministry of Finance and some other financial market participants from banks and insurance companies to elaborate on the most effective ways and methods to push sustainable finance in Austria and to develop climate risk management concepts, tools and methods. The results of the Focal Group Green finance working group will be published 2020 in a report called the "Green Finance Agenda Austria" by the Ministry of Climate Action and the Ministry of Finance.

06.2. Additional information.

No additional information.


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