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ABN AMRO Bank N.V.

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

specify

We discuss with our delegated external investment managers (Mandates) to report on ESG performance the following topics: comparison of the ESG performance of the portfolio with the benchmark or comparison with historic performance or comparison of the fund's performance with the average performance of its peer group of funds. 

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

          Can be the ESG performance of the fund compared to the standard benchmark's one (applying for sustanaible funds). This is recommended but not mandatory if the objective of outperforming the benchmark is not mentionned in the prospectus of the fund.
Can be the ESG distribution of the investment in the portfolio according to the ESG score (best in class...)
        
          We restrict controversial weapons for all our funds. We do apply the ABN AMRO exclusion list for our mandates.
        
          The external sustainable asset managers need to demonstrate how they integrate ESG issues in their investment decision (at the fund level) and in their own business (at the firm level)
        
          The external asset managers need to provide with their engagement themes and objectives, mainly for sustainable strategies.
        
          ABN AMRO Investment Solutions is in charge of the Voting for the internal managed funds so the voting policy is continuously updated to meet ABN AMRO sustainability policies.
        
          We asked the investment managers of our mandates to participated actively in meetings, events or video we hosted to explain the ESG selection process, the ESG measurement and engagement actions.
        
          We ask all our external asset managers to be signatories of the UNPRI and UN Global Compact. In addition, we ask information on their commitment to other sustainable principles/standards.
        

Incentives and controls

Reporting requirements

Benchmark

          For sustainable funds: can be the ESG performance of the fund compared to the standard benchmark's one (applying for sustainable funds). This is recommended but not mandatory if the objective of outperforming the benchmark is not mentionned in the prospectus of the fund.
        

ESG Objectives

          Can be the best-in-universe distribution of the portfolio compared to the benchmark, for example (sustainable funds)
        
          All funds need to comply with our exclusion list of countries
        
          The external sustainable asset managers need to demonstrate how they integrate ESG issues in their investment decision (at the fund level) and in their own business (at the firm level)
        
          The external asset managers need to provide with their engagement themes and objectives, mainly for sustainable strategies.
        
          We asked the investment managers of our mandates to participated actively in meetings, events or video we hosted to explain the ESG selection process, the ESG measurement and engagement actions.
        
          We ask all our external asset managers to be signatories of the UNPRI and UN Global Compact. In addition, we ask information on their commitment to other sustainable principles/standards.
        

Incentives and controls

Reporting requirements

Benchmark

          For sustainable funds: can be the ESG performance of the fund compared to the standard benchmark's one (applying for sustainable funds). This is recommended but not mandatory if the objective of outperforming the benchmark is not mentionned in the prospectus of the fund.
        

ESG Objectives

          Can be the best-in-class distribution of the portfolio compared to the benchmark, for example (sustainable funds)
        
          We restrict controversial weapons for all our funds. We do apply the ABN AMRO exclusion list for our mandates.
        
          The external sustainable asset managers need to demonstrate how they integrate ESG issues in their investment decision (at the fund level) and in their own business (at the firm level)
        
          The external asset managers need to provide with their engagement themes and objectives, mainly for sustainable strategies.
        
          We asked the investment managers of our mandates to participated actively in meetings, events or video we hosted to explain the ESG selection process, the ESG measurement and engagement actions
        

Incentives and controls

Reporting requirements

Benchmark

          For sustainable funds: can be the ESG performance of the fund compared to the standard benchmark's one (applying for sustainable funds). This is recommended but not mandatory if the objective of outperforming the benchmark is not mentionned in the prospectus of the fund.
        

ESG Objectives

          Can be the best-in-class distribution of the portfolio compared to the benchmark, for example (sustainable funds)
        
          We restrict controversial weapons for all our funds. We do apply the ABN AMRO exclusion list for our mandates.
        
          The external sustainable asset managers need to demonstrate how they integrate ESG issues in their investment decision (at the fund level) and in their own business (at the firm level)
        
          The external asset managers need to provide with their engagement themes and objectives, mainly for sustainable strategies.
        
          We asked the investment managers of our mandates to participated actively in meetings, events or video we hosted to explain the ESG selection process, the ESG measurement and engagement actions
        

Incentives and controls

Reporting requirements

Benchmark

          We do not require the fund to measure ESG performance compared to its benchmark
        

ESG Objectives

          We are managing to date one private equity fund (AuM<25 millions euros); the fund is restricted to professional investors and is not classified as a sustainable fund but the investment manager includes ESG considerations in the selection phase
        
          The fund is applying the ABN AMRO exclusion list. -
        
          the fund is applying its own ESG methodology assessement when selecting underlying investments
        
          Engagement actions are focused on governance and environmental tmprovements
        
          The fund is in lign with private equities best practices
        

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]

          
        

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