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VBV Vorsorgekasse AG

PRI reporting framework 2020

Export Public Responses

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LEI 12. How ESG incorporation has influenced portfolio composition

12.1. 組織のESG組み入れ戦略がポートフォリオや投資ユニバースの構成にどういう影響を与えているかを記載してください。


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

削減率を明記してください(+/- 5%)

1 %


Over 2019 our exposure to renewable energy increased


12.2. 補足情報 [任意]

We considered ESG factors when we selected gold mining stocks.

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

13.1. 組織の投資見解や報告年度のパフォーマンスに影響を与えたESG問題の例を挙げてください。


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.






適用したESG組み入れ戦略 Thematic


Increased exposure to renewables within our equity portfolio.

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

13.2. 補足情報 [任意]