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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 » Outputs and outcomes

Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

1.A northern European bank which used to be in our investment opportunity set got excluded because it got involved in a money laundering scandal. The position was divested from our bond portfolio, while at that time we were not invested in our equity portfolio.

2. A European pharma company was found to be continuously involved in ethics issues and compliance breaches. A reason why it got excluded from our investment opportunity set and divested from our equity portfolio

Specify the percentage reduction (+/- 5%)

1 %

Describe any alteration to your investment universe or other effects.

Over 2019 our exposure to renewable energy increased

Select which of these effects followed your ESG integration.

12.2. Additional information.[Optional]

We considered ESG factors when we selected gold mining stocks.

LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. Provide examples of ESG factors that affected your investment view and/or performance during the reporting year.

ESG factor and explanation

In compliance with our SRI guidelines, we are committed to ensuring to all our stakeholders sustainable and foresighted portfolio construction.

We privilege companies involved with the development  of sustainable products and services and over 2019 we increased our exposure to the renewable sector and to stocks having a direct positive effect on the environment.

We are invested both in a dedicated fund and in directly held equities.

 

 

 

 

 
ESG incorporation strategy applied Thematic

Impact on investment decision or performance

Increased exposure to renewables within our equity portfolio.

We are invested both in a dedicated fund and in directly held equities.

13.2. Additional information.[Optional]

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