BPI Gestão de Activos usually has very low turnover (around 5% or lower). The Company maintains a very stable structure and the core strategies’ teams have been completely stable in the recent years, with no change in the Portfolio or Co-Portfolio Managers.
To ensure an alignment of interests between the firm, the fund manager and investors, some funds have a high-water-mark performance fee. Moreover, BPI Gestão de Activos also has a remuneration policy to align performance, risk and retribution.
BPI GA has approved policies and practices in line with ESMA’s “Guidelines on Sound Remuneration Policies under the UCITS directive” (https://www.esma.europa.eu/document/guidelines-sound-remuneration-policies-under-ucits-directive), under which PMs, executives and other identified staff are subject to payment and benefits deferrals, retention, vesting and adjustment measures (malus or clawback), besides having part of their variable remuneration paid in funds managed by the company.
BPI Gestão de Activos is closely articulated with Caixabank Asset Management, its sole shareholder, and Caixabank Group, which provide a number of formal and informal support activities.
CaixaBank's staff is the cornerstone of its business and its main asset. Having motivated, prepared and engaged workers are crucial to provide good customer service, achieve success in business strategy and contribute to the region's socio-economic development.
Employee satisfaction is the key to achieving a good working atmosphere and motivated and committed teams. CaixaBank has a broad set of work advantages and benefits that result in better well-being of the people that work for the bank.
CaixaBank’s fundamental asset is its work-force, which is why it is essential to guarantee their safety and maintain their health, regardless of where they work.
A Health and Safety Committee has the mission of providing secure and healthy working surroundings and of carrying out tasks of vigilance and improvement of Health and Safety, concretized in the establishment of a General System of Prevention of Risks at Work.
This system is periodically reviewed through various kinds of inspection:
- External compulsory inspection: in line with the legislation in force, or should it be required by the labour authorities.
- Voluntary control and monitoring inspection, occurring yearly.
- OHSAS 18001 Inspection, an international specification that certifies the excellence of its preventive system.
Every employee receives training and information on health and safety at work and on possible emergency situations. In addition, in preparation for these possible incidents, the persons who would be in charge are designated.
The Health Vigilance Protocol specifies regular medical examinations. It also provides preventive information on several illnesses, such as hypertension, which can be consulted on the corporate intranet.
The full extent of CaixaBank’s HR vision can be found in https://www.caixabank.com/responsabilidad-corporativa/grupo-de-interes/nuestras-personas_en.html
BPI Gestão de Activos has to deal with operational clients, regulators, legislators and other public interest entities. As part of Caixabank group, the company interacts with the people and groups in the regions where it carries out its activities, adhering to the criteria of proximity, transparency and active listening.
Stakeholder expectations are actively collected: customers and company, analysts and investors and employees. The company promotes and participates in different national and international initiatives linked to boosting corporate accountability. Via its participation, it promotes research, the exchange of best practices in the matter, the adoption of commitments by other agents and the constant progress made in the entity's responsible management.
The bank has developed specific platforms and channels for different stakeholders that manage various areas and departments with the most appropriate frequency as necessary.
Caixabank’s perspective on stakeholder relationship can be deepened at https://www.caixabank.com/responsabilidad-corporativa/grupos-de-interes_en.html
BPI GA also outsources some of its non-essential functions to non-Group providers and suppliers. CaixaBank considers it essential to integrate ethical, social and environmental factors to its entire value chain. Consequently, it also considers that its corporate responsibility includes having suppliers and collaborators who share its commitment to sustainable and environmentally responsible development.
All newly celebrated supplier contracts include a mandatory clause in which suppliers commit to respecting the 10 principles of the United Nations Global Compact.
CaixaBank Group has a portal specifically for suppliers where companies or entrepreneurs can register to offer their services. To be considered, they must agree to comply with a series of ethical, social and environmental standards.
The Group has written Procurement Principles https://www.caixabank.com/deployedfiles/caixabank/Estaticos/Principios_de_Compras_ENG.pdf