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Bayerische Versorgungskammer

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

The Bayerische Versorgungskammer (BVK) is a Munich-based organization incorporated under public law and one of the largest institutional investors in Europe. Therefore it has a strong responsibility to ensure a sustainable capital investment strategy with a focus on environmental, social and governance criteria (ESG criteria). As the largest public pension group in Germany, BVK is the joint executive body of twelve professional and communal pension schemes. These offer stable and comprehensive provision for old age, disability and survivors. The oldest pension scheme of Bayerische Versorgungskammer is the Civil Servants Pension Scheme, which was founded in 1916.

The twelve Pension Schemes of Bayerische Versorgungskammer:

  • Pension Scheme for Bavarian Medical Doctors, Dentists and Veterinarians
  • Pension Scheme for Bavarian Pharmacists
  • Pension Scheme for Bavarian Architects
  • Pension Scheme for Bavarian Construction Engineers and Psychological Psychotherapists
  • Pension Scheme for Bavarian Lawyers and Tax Accountants
  • Civil Servants Pension Scheme
  • Pension Scheme of the Bavarian Parliament
  • Pension Scheme for Local and Church Employees
  • Pension Scheme for German Theaters
  • Pension Scheme for German Orchestras
  • Pension Scheme for Assistant Chimney Sweepers with the Chimney Sweep Pension Fund
  • Pension Scheme for German Chimney Sweepers

All pension funds are all self-governed, based on a close partnership between their respective boards and Bayerische Versorgungskammer. While the latter acts as the executive body, each pension fund has its own board of voluntary members of the respective pension fund, the „Verwaltungsrat“ (or „Landesausschuss“ or „Vertreterversammlung“, respectively). The board decides on guidelines governing the pension policy, the articles and the formal approval of the executive board´s actions. As a result, pensions are specifically geared towards the requirements of each respective profession and its pension scheme. The „Kammerrat“ is a body concerned with all aspects of joint executive activities. It is made up of representatives of all pension funds and participates in important common decisions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Germany

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1350 FTE

02.4. Additional information. [Optional]



 

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

We do not have any subsidiaries. As a Bavarian institution, the BVK with its pension institutions initially serves its members of the pension schemes in Bavaria. Members of professional groups from other federal states in Germany partially have joined our pension schemes. Our business areas extend (via state treaties) to the states of Rhineland Palatinate, Saarland, Lower Saxony, Hesse, Thuringia, Baden-Württemberg, North Rhine Westphalia, Saxony and Berlin. For the pensions of stage artists, orchestra musicians and chimney sweeps, across Germany.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 <10% 9
Fixed income 10-50% 26 10-50% 15
Private equity 0 0 <10% 6
Property <10% 7 10-50% 22
Infrastructure 0 0 <10% 4
Commodities 0 0 0 0
Hedge funds 0 0 <10% 1
Fund of hedge funds <10% 1 <10% 1
Forestry 0 0 <10% 2
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 <10% 6
Other (2), specify 0 0 0 0

`Other (1)` specified

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

 

 

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

86 Developed Markets
13 Emerging Markets
1 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

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