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Sparebank 1 Forsikring AS

PRI reporting framework 2020

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

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

ESG Objectives

          Sparebank1 Forsikring Responsible Investment Policy
        
          All fund managers selected after thorough discussions around climate and SDG issues, where we make our own opinion of managers holistic understanding of ESG risk. The managers should be able to decribe how ESG is intergrated in investment process.
        
          We ask about impact of engagement to verify that sustainability ia a natural part of all investment decission
        
          We require voting to be consistent with responsible investment policy
        
          We look at manager's participation in UN PRI and other collarobation
        
          All our external managers are signatories of UN PRI as a minimum
        
          We are committed to conducting our business with respect for all fundamental and internationally recognized treaties and declarations: the Universal Declaration of Human Rights of 1948, the International Labour Organization’s (ILO) conventions, international humanitarian law, and of course the UN Principles for Responsible Investment. And require our managers to have due regard to relevant recognised standards.
        

Incentives and controls

Reporting requirements

Benchmark

          100% ST4X Index
        

ESG Objectives

          Sparebank1 Forsikring Responsible Investment Policy
        
          The managers should be able to decribe how ESG factors are taken into accounts in investment and decision-making process.
        
          We require engagement to be consistent with responsible investment policy
        
          We require voting to be consistent with responsible investment policy
        
          We look at manager's participation in UN PRI and other collarobation
        
          We are committed to conducting our business with respect for all fundamental and internationally recognized treaties and declarations: the Universal Declaration of Human Rights of 1948, the International Labour Organization’s (ILO) conventions, international humanitarian law, and of course the UN Principles for Responsible Investment. And require our managers to have due regard to relevant recognised standards.
        

Incentives and controls

Reporting requirements

Benchmark

          30 % ST1X Index, 50% ST4X Index, 20 % Bloomberg Barclays Global Aggregate hedged to NOK
        

ESG Objectives

          Sparebank1 Forsikring Responsible Investment Policy
        
          The managers should be able to decribe how ESG factors are taken into accounts in investment and decision-making process.
        
          We require engagement to be consistent with responsible investment policy
        
          We require voting to be consistent with responsible investment policy
        
          We look at manager's participation in UN PRI and other collarobation
        
          We are committed to conducting our business with respect for all fundamental and internationally recognized treaties and declarations: the Universal Declaration of Human Rights of 1948, the International Labour Organization’s (ILO) conventions, international humanitarian law, and of course the UN Principles for Responsible Investment. And require our managers to have due regard to relevant recognised standards.
        

Incentives and controls

Reporting requirements

Benchmark

          30 % ST1X Index, 50% ST4X Index, 20 % Bloomberg Barclays Global Aggregate hedged to NOK
        

ESG Objectives

          Sparebank1 Forsikring Responsible Investment Policy
        
          The managers should be able to decribe how ESG factors are taken into accounts in investment and decission-making process.
        
          We require engagement to be consistent with responsible investment policy
        
          We require voting to be consistent with responsible investment policy
        
          We look at manager's participation in UN PRI and other collarobation
        
          We are committed to conducting our business with respect for all fundamental and internationally recognized treaties and declarations: the Universal Declaration of Human Rights of 1948, the International Labour Organization’s (ILO) conventions, international humanitarian law, and of course the UN Principles for Responsible Investment. And require our managers to have due regard to relevant recognised standards.
        

Incentives and controls

Reporting requirements

04.3. Indicate which of these actions your organisation might take if any of the requirements are not met

04.4. Provide additional information relevant to your organisation`s appointment processes of external managers. [OPTIONAL]

          Evaluation of external managers's RI approach and capabilities is an integrated part of the manager selection and appointment process. We work with an active, local and independent managers. We are not looking for a spesific ESG standard or "sustainability fund", but an understanding of how sustainability can affect the portfolio. We talk to the managers, not sales department, and quickly notice wheather sustainability is integrated into investment analysis or wheather it is about reporting. The managers should be able to describe the investment process and spesify how ESG factors are taken into consideration in the different phases of the investment process. All ESG data/scores and carbon disclosure are not good today and should be used as complimentary tool.
        

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