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Landsbankinn hf.

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Assessment of investments shall take the following into account:

» Landsbankinn’s Policy on Responsible Investment 

» International laws and conventions ratified by Iceland

» Operating licence requirements

» The UN Global Compact

» OECD Guidelines for Multinational Companies

» OECD Corporate Governance

» Guidelines on Corporate Governance published by the Iceland Chamber of Commerce, NASDAQ OMX Iceland hf. and the Confederation of Icelandic Employers, as well as the Guidelines on Corporate Social Responsibility published by NASDAQ OMX Iceland.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Landsbankinn’s Policy on Responsible Investment is based on the United Nations’ Principles on Responsible Investment, of which Landsbankinn is a member. The policy reflects Landsbankinn’s rules on, inter alia, risk appetite, large exposures and maximum aggregate risk, operational risk, reputational risk, liquidity risk and good corporate governance. 

Landsbankinn aims to be a leader in responsible investment in Iceland, as a strategy of responsible investment positively impacts return on investment in the long term and reduces operational risk. 

The Policy is intended to serve as a framework that enables the Bank to integrate corporate social responsibility in investment decisions.

The Policy applies to Landsbankinn and the Bank emphasises the need for its subsidiaries to set comparable policies.

The Policy applies first and foremost to investment in listed and unlisted equities on the Bank’s own behalf or its customers: 

Responsible investment involves:

» That Landsbankinn complies with current laws and regulations on individual markets.

» That investment always seeks to minimise the negative effects of and promotes the positive impact of investment on the environment, employees and other stakeholders.

» That Landsbankinn obliges itself to promote on-going improvements in matters relating to environmental, social and governance affairs. 

» That Landsbankinn carries out risk assessment designed to evaluate the ESG aspects of companies under consideration for investment. 

 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

There are Chineses walls in place between Asset Management and other departments to prevent conflict of interest between Landsbankinn and its clients. Potential conflicts between our asset management clients are managed with best execution rules, under which all clients receive equal treatment

Landsbankinn's Conflicts of Interest Policy: https://www.landsbankinn.com/Uploads/Documents/UmLandsbankann/MiFID/1226-04_Summary_of_Landsbankinns_Conflicts_of_Interest_Policy.pdf

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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