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Fondo Pensioni del Personale Gruppo BNL/BNP Paribas Italia

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.

Integrating ESG factors into investment choices The Pension Fund, in the definition of the "Universe ESG", is supported by an Advisor specifically qualified in this assessment and the targeted selection is made according to the following criteria:10 Principles of the UN Global Compact;well-defined sector policies;avoiding involvement in activities in controversial sectors (such as pornography, weapons, gambling, alcohol and tobacco);"Best in Class Sector" ratings.A quality assessments is made by the Advisor define a list of securities as follows:

From Dec 1 to 3: Positive - From Dec 4 to 7: Neutral - From Dec 8 to 10: Negative

The Pension Fund monthly receives an excel sheet with a detailed analysis for these index:

MSCI North America - MSCI Europe - MSCI Pacific - Bloomberg Barclays Global Aggregate.

All the holdings are reported with an ESG score and with the weight contribution within the above indeces.

Once checked on the in/out securities (split, mergers etc.), the Pension Fund sends to the Man.Co. the investing universe for each index, stopping at the first 7 deciles, reducing the investment choice to those companies that, according to criteria defined by the Board, are eligible to invest in because of their Socially Responsible Principles.

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]

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.

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

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.

Under italian rules

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)