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Vancity Investment Management

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

VCIM’s investment process combines financial analysis with environmental, social and governance (ESG) analysis. All securities must meet our ESG and financial criteria for selection. Once a company is confirmed as meeting our ESG criteria, a security is selected for the portfolio based on its fundamental merits as a “company” or business and its merits as a “stock” in terms of the share price and valuation. All investment decisions are based on ESG analysis, internal valuation models and our own investment thesis.

We use qualitative and quantitative analysis to determine this balance and subsequently, which securities will be considered for in-depth financial analysis. Company performance and policy is evaluated in the following areas: employee relations, environmental compliance, diversity, corporate governance, product sustainability, community relations and human rights. Companies that lag their peers are excluded from further analysis and investment. VCIM uses in-house expertise supplemented by third party research.

When new ESG risks arise the managers assess the fund’s exposure and initiate an analysis of each company’s approach to the risk to determine whether further action is required. Further action may include ongoing monitoring of the company’s risk management approach, engaging in dialogue with management, filing a shareholder resolution or divestment

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

01.6. 補足情報 [任意]

          
        

SG 01 CC. Climate risk

01.6 CC. 投資期間において特定され、組織の投資戦略・商品に組み込まれている気候関連のリスクおよび機会について記述してください。

特定された気候関連の移行リスク・物理的リスクおよび機会、ならびに投資戦略・商品にそれらがどのように組み込まれているかを説明してください。(500 語以内で自由に記載)

Climate risks form a key element in the ESG strategies employed by VCIM. We recognize that climate change poses specific risks to investmetnts and we are particularly focused on the transition away from fossil fuels and the ensuing reduction in demand. At VCIM, we believe we are at a crucial point in the transition to a low carbon future and it is an appropriate time to fully divest companies whose primary business is the extraction, production and distribution of fossil fuels. We no longer invest in oil and gas producers, pipeline companies, natural gas distribution utilities or LNG operations. We also avoid investing in service companies whose primary business issupporting the fossil fuel industry.

01.7 CC. 組織はそれら気候リスクの可能性および影響を評価しましたか?

組織が気候リスクの可能性および影響を評価していない理由を説明してください。(500語以内)

We are currenlty in process of developing assessment capacity that will allow VCIM to asess future climate change impacts with greater confidence. 

01.8 CC. 組織はTCFDを公式に支持しますか?

01.9 CC. 重大な気候関連リスクおよび機会を特定・管理する組織全体の戦略がありますか?

説明してください。

Vancity’s risk management framework enables the Board to define and approve an appropriate risk appetite, which outlines how much risk Vancity is willing to take in order to successfully achieve its strategic plan. We knowingly and willingly take on risk because we see the upside, and use effective risk management techniques to provide an appropriate safety net.

To manage risk appropriately, Vancity monitors risk across 12 broad and interrelated risk dimensions. In 2017, we added climate risk to our risk oversight because we have come to realize there are both short and long term impacts to our members and operations that we need to pay attention to, and influence as much as possible. For example, rising sea levels that could lead to the flooding of low-lying areas (where many members live and work) and how climate change could impact the frequency and intensity of earthquakes are things that could have detrimental impacts on our community. As we determine how much of a financial risk climate change poses to our business, we intend to disclose more on how we are managing it as recommended by the Task Force on Climate-related Financial Disclosures.

1.10 CC. TCFD開示を発表するために組織が使用する文書/通信を示してください。


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

The policy specifically addresses conflicts that may arise in the proxy voting process where the interests of the fund owners may conflict with the investment manager.

03.3. 補足情報 [任意]


SG 04. Identifying incidents occurring within portfolios (Private)


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