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Skandia

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

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

          We mainly invest in developed markets government bonds (mostly Sweden) which we currently are not directly engaging with. We also invest in bonds issued by supranationals such as IBRD and IDA, which have an explicit ESG focus. In those cases we have a dialogue with the issuer to ensure that the target and reporting of ESG related information is in line with our expectations, but we don't catagorize those kind of dialogues as 'engagement', but rather investment due diligence.
        

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement

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

          We invest in Swedish covered bonds, which we have assessed as having low ESG related risks and is therefore not currently prioritized for 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

Private equity

Property

Commodities

Money market instruments

Other (1)

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

          100% owned subsidiary Försäkringsaktiebolaget Skandia, AB
        
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 - corporate (non-financial)

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

Private equity

Private 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

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

Ahead of all external manager selection, in conjunction with the due dilligence process, the fund strategy are requested to complete a questionnaire regarding the firm and specific strategies for their responsible investment approach. This is taken into account by the investment committe in the decision whether to invest in the fund.

During monitoring, external managers are requested to report on relevant ESG-related considerations, the outcome and other aspects, e.g. engagement dialogues. This is taken into account in the performance review.

 

 


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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