Public HTML RI reports - PRI reporting framework 2020

Church of Sweden

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11]

Indirect - Inclusive Finance

Context [IFI 01] Selection [IFI 02] Contractual agreements and mandate design [IFI 03] Investment manager monitoring and reporting [IFI 04 - 05] Disclosure [IFI 06 - 07]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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.

Yes

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

Select all that apply

Policy components/types

Coverage by AUM

Policy setting out your overall approach

Formalised guidelines on environmental factors

Formalised guidelines on social factors

Formalised guidelines on corporate governance factors

Fiduciary (or equivalent) duties

Asset class-specific RI guidelines

Sector specific RI guidelines

Screening / exclusions policy

Engagement policy

(Proxy) voting policy

Other, specify (1)

Other, specify(2)

Applicable policies cover all AUM

Applicable policies cover a majority of AUM

Applicable policies cover a minority of AUM

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

Your organisation’s definition of ESG and/or responsible investment and it’s relation to investments

Your investment objectives that take ESG factors/real economy influence into account

Time horizon of your investment

Governance structure of organisational ESG responsibilities

ESG incorporation approaches

Active ownership approaches

Reporting

Climate change

Understanding and incorporating client / beneficiary sustainability preferences

Other RI considerations, specify (1)

Other RI considerations, specify (2)

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.

Please take a look at our website. https://www.svenskakyrkan.se/responsibleinvestment . Our investment policy clearly states that we should contribute to sustainable value creation in the real economy. And we should avoid investments that we do not want to support such as tobacco, weapons and extraction of fossil fuels.

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

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Yes

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

We have conducted, just like last year, a scenario analysis with the PACTA tool on listed equity and corporate bonds. We could conclude that our climate transition portfolio risks are very small. The results confirm that our climate strategy is aligned with a sustainable development scenario.

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Yes

Describe the associated timescales linked to these risks and opportunities.

Our current portfolio has been, and is very low on carbon, and will be onwards, since our investment policy is clear on that.

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

Yes

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

Yes

Describe

We divested already in 2008-9 and have since then invested in climate solutions. We have a climate criterion in our investment policy.

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.

Public PRI Climate Transparency Report

Annual financial filings

Regular client reporting

Member communications

Other

specify

          our policy is available on our website as well as climate related investments, also found in our yearly reports on sustainable investment

We currently do not publish TCFD disclosures

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.

Policy setting out your overall approach

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment (will be made public)

Attachment

Formalised guidelines on environmental factors

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment (will be made public)

Formalised guidelines on social factors

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment (will be made public)

Formalised guidelines on corporate governance factors

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment (will be made public)

Screening / exclusions policy

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment (will be made public)

We do not publicly disclose our investment policy documents

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

Your organisation’s definition of ESG and/or responsible investment and it’s relation to investments

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

Your investment objectives that take ESG factors/real economy influence into account

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

Time horizon of your investment

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

ESG incorporation approaches

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

Active ownership approaches

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

Climate change

URL/Attachment

URL

URL https://www.svenskakyrkan.se/responsibleinvestment

Attachment

We do not publicly disclose any investment policy components

02.3. Additional information [Optional].

All your questions in SG 02.2 are addressed in our financial policy and the investment instructions on RI. For instance, our financial policy for responsible investing also contains a guiding document on how to interpret the exclusionary criteria in detail, and our view on what a sustainable company could be. The policy describes our role as a responsible investor, with engagement as one important feature. In that sense, the engagement policy in integrated in the overall policy, just like the screening/ exclusions policy.

SG 03. Conflicts of interest

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

Yes

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

If there is a holding in the portfolio that does not comply with our investment policy, we have a process for that. In the end, we might sell the company or the fund that holds the company. We have also a process for re-investments of companies if they comply with the policy after some time.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within investee entities.

Yes

04.2. Describe your process on managing incidents

We do norms based screening and go into engagement process in cases of severe breaches of international norms.

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