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Niederösterreichische Vorsorgekasse AG

PRI reporting framework 2020

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ESG incorporation in actively managed fixed income

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (financial)
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (non-financial)
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Securitised
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

In cooperation with our external ESG-research provider, ISS ESG, we have set up an in-depth ESG-Screening based on a combination of positive criteria and a comprehensive list of exclusion criteria.

For companies, the exclusion-screening is carried out for controversial business areas (military, nuclear power, alcohol, gambling, tobacco, pornography, GMO, coal mining, hydraulic fracturing as well as the mining of oil sands) as well as for controversial business practices (Human Rights Controversies, Labour Rights Controversies, Controversial Environmental Practices).

For countries, the exclusion-screening is done for Authoritarian Regime, Child Labour, Death Penalty, Freedom of Association, Military Budget, Money Laundering, Possession of Nuclear Weapons, Violation of Human Rights and Resistance against International Conventions on Climate Protection.

The positive ESG-Screening is done by evaluating those companies and countries with a 'prime' assessment by ISS ESG. The assessment of the social and environmental performance of a company or country as part of the Corporate/Country Rating is carried out with the aid of over 100 social and environmental criteria, selected specifically for each industry, covering six areas.

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

03.3. Additional information. [Optional]


(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

In cooperation with our external ESG-research provider, ISS ESG, we have set up an in-depth ESG-Screening based on a combination of positive criteria and a comprehensive list of exclusion criteria.

For companies the exclusion-screening is carried out for controversial business areas (military, nuclear power, alcohol, gambling, tabacco, pornography, GMO, coal mining, hydraulic fracturing as well as the mining of oil sands) as well as for controversial business practices (Human Rights Controversies, Labour Rights Controversies, Controversial Environmental Practices).

For countries, the exclusion-screening is done for Authoritarian Regime, Child Labour, Death Penalty, Freedom of Association, Military Budget, Money Laundering, Possession of Nuclear Weapons, Violation of Human Rights and Resistance against International Conventions on Climate Protection.

The positive ESG-Screening is done by evaluating those companies and countries with a 'prime' assessment by ISS ESG. The assessment of the social and environmental performance of a company or country as part of the Corporate/Country Rating is carried out with the aid of over 100 social and environmental criteria, selected specifically for each industry, covering six areas.

We receive quarterly updates in order to monitor our investments.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Not Completed)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening

other description

          an ESG-database from an external ESG-researchprovider prevent our portfolio managers from investing in excluded issuers or bonds that do not meet screening criteria.
        
Positive/best-in-class screening

other description

          an ESG-database from an external ESG-researchprovider prevent our portfolio managers from investing in excluded issuers or bonds that do not meet screening criteria.
        
Norms-based screening

other description

          an ESG-database from an external ESG-researchprovider prevent our portfolio managers from investing in excluded issuers or bonds that do not meet screening criteria.
        

06.2. Additional information. [Optional]


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