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VZ Depotbank AG

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

10.2. Indicate why you do not engage and do not require external managers to engage.

In 2019 only a part of our aum are managed in ESG optimised portfolios.

The concept of managing these portfolios and the fund selection process applied does not contain imperative the requiremet of the fund managers engagement on ESG factors with companies invested in their portfolios.

Listed equity – voting

10.3. Indicate why you do not cast your votes

The concept of managing our ESG optimised portfolios and the fund selection process applied does not contain the imperative requiremet of the fund managers voting on our behalf. However most fund managers we are invested with do cast their vote and do so with regard to their ESG principles and policy.

Fixed income SSA – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          In 2019 only a part of our aum are managed in ESG optimised portfolios. The concept of managing our ESG optimised portfolios and the fund selection process applied does not contain the imperative requiremet of the fund managers engagement on ESG factors with SSA bond issuers invested in their portfolios.
        

Fixed income Corporate (financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          In 2019 only a part of our aum are managed in ESG optimised portfolios. The concept of managing our ESG optimised portfolios and the fund selection process applied does not contain the imperative requiremet of the fund managers engagement on ESG factors with financial corporate bond issuers invested in their portfolios.
        

Fixed income Corporate (non-financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          In 2019 only a part of our aum are managed in ESG optimised portfolios. The concept of managing our ESG optimised portfolios and the fund selection process applied does not contain the imperative requiremet of the fund managers engagement on ESG factors with non-financial corporate bond issuers invested in their portfolios.
        

OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Property

Property - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Cash

Cash - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Money market instruments

Money market instruments - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

Our manager selection process incorporates 1. the exclusion of certain business activities like controversial weapons (funds holding shares of companies involved in the controversial weapons value chain do not meet our basic requirements and thus cannot be selected), tobacco, alcohol, gambling and pornography; and 2. scoring the fund peer groups in all relevant asset classes by using an ESG score.

The compliance with these ESG criteria is monitored on a monthly basis. Funds which fail in these checks are put on watch and sold in case our analysis does not show improvement/full ESG-compliance two months later.

11.5. For your externally managed pooled funds, describe any mechanisms in place to set expectations as part of the appointment or commitment process.

External manager appointment is not applicable.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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