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Sampension Administrationsselskab A/S

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%
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.

Norms-based screening of SSA's for securing no investments in countries/states involved in international sanctions, bans from UN or EU, og for violating UN GP. Corporates (financials/non-financials) are being screened according to exclusion list for listed equities.

Issuers of danish mortgage-backed securities (Danish Covered Mortgage Bonds) are screened (listed companies) or evaluated (non-listed customer owned) according to the RI policy of Sampension.

01.3. Additional information [Optional].

The Danish Mortgage System is well known for its ability to provide financing of mortgage loans for every home owner or corporate property owner with a lien in a property. The pools of loans are funded by the issuance of danish mortgage bonds with high degree of transparency for the borrower in that he/she gets a market rate on the mortgage loan. There is no direct connection between the bond that the investor buys and the properties that are being funded. Hence no way for the investor to request or ask for certain ESG properties of the funded properties or borrowers. ESG issues can only be raised with the issuer of the bonds whom are merely financial intermediaries.


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
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

Regarding investments in corporate bonds due diligence proces includes integration of norms-based screening of issuers of corporate bonds by external service provider in accordance with RI policy of Sampension.

Regarding investments in securitised bonds issuers are screened according to RI policy of Sampension.

Norms-based screening of SSA's are done internally on the grounds of information from Freedom House and information on international sanctions, bans from the UN or EU (EU Sanctions list), violation of UNGP, and on factors regarding corruption, level of democracy, labour rights, compliant environmentally responsible behaviour, equal rights within education and labour market. Regarding Sovereigns an exclusion list is constructed in accordance with the results of this analysis.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


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
Norms-based screening

06.2. Additional information. [Optional]


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