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AMF

PRI reporting framework 2020

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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

Listed equity – voting

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement


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)

Fixed income - securitised

Property

Infrastructure

Forestry

Cash

Money market instruments

Other (1)

`Other (1)` [as defined in OO 05]

          Private debt and private (direct) equity.
        
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

Infrastructure

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

Hedge funds

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

Other (1)

Other (1) - 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.


AMF has limited external listed equity mandates, less than 1 % of total AUM. They are part of a fund selection offering for our clients. The minimum requirement for an external fund to be included in the offer is that the fund company is a signatory of PRI. This requirement is placed on Index funds. For actively managed funds, the requirements, apart from signing the PRI, are that they have at least two globes in Morningstar's Sustainability Rating and that they perform some form of norm based screening. If / when AMF introduces funds that have a particular sustainability focus, such as a Clean Tech environment fund, for example, we require signing of PRI and 3 Sustainability globes, a clear sustainability strategy and active engagement work. The inclusion of new funds in the external fund offering follows a decision-making process that assures the above requirements and categories. In addition to these controls being carried out when new funds are taken in, sustainability requirements are checked annually (Morningstar's Sustainability Rating is checked twice a year) by AMF. These requirements including Morningstar's sustainability rating result in an annual report setting out the requirements and monitoring of the requirements. Any deviations from the requirements of AMF are shown in the annual report. In cases where the requirements are below the initial requirements, this is stated in the annual report and the fund company is contacted and informed that the fund no longer meets the initial sustainability requirements imposed by AMF and therefore risks being excluded. A decision document is made where the proposed action is described if the fund continues to fail to comply with AMF's requirements, and the fund is being taken out of the selection menu.

AMF has a handful externtal managers primarily in infrastructure as part of our asset allocation in our main portfolio. ESG considerations are incorporated in our investment and monitoring process. 
 


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

Direct - Listed Equity active ownership

Direct - Fixed Income

Direct - Other asset classes with dedicated modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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