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Veritas Pension Insurance Company Ltd

PRI reporting framework 2020

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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.

I will refer to our ESG investment policy published on our website. In this policy we refer to the Cambridge Institute for Sustainability Leadership, Investment Leaders Group report "Taking the long view - A toolkit for long-term sustainable investment mandates" (2016) as this is in line with the way we are defining our investment beliefs and the investment strategy for the major part of our portfolio.

 

 

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.

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

We have started investing into opportunities such as renewable energy. We are planning to evaluate climate related risks across the entire portfolio. 

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

Describe the associated timescales linked to these risks and opportunities.

Investment opportunities and risk are longer term in time scale and we take that into account in our investment approach.

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

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

Describe how and over what time frame the organisation will implement an organisation-wide strategy that manages climate-related risks and opportunities.

We are in the process of finalising a organization-wide climate policy this year. 

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

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].

See the PDF links on the website provided above. Unfortunately we only communicate in Finnish and Swedish as our beneficiaries are purely Finnish companies and workers.


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.

Our investment decision making process is described in our investment plan approved by the board annually. The investment plan defines the roles and repsonsibilites in the investment process to address the potential conflicts of interest that might arise. The document is prepared according to the regulatory requirements and industry best practices.The Finnish FSA reviews the investment plan annually.

In our due diligence analysis we address the interest alignment and corporate governance of our external managers.

In some strategies ESG is not a relevant consideration. In these cases we analyse corporate governance, the people executing the strategy and the costs involved.

 

 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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