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IAG & NRMA Superannuation pty Limited (Delisted)

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

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.

          The majority of the Plan’s fixed interest and cash assets are debt instruments issued by
Australian federal or state governments, government instrumentalities, supranationals and
banks. The bank exposure is predominantly investments in securities issued by the “big four”
Australian banks. The Plan’s ownership of these fixed interest and cash investments does not
allow it to exert significant influence over the environmental, social or governance practices of
the governments or companies concerned.
        

Fixed income Corporate (financial) – engagement

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

          The majority of the Plan’s fixed interest and cash assets are debt instruments issued by
Australian federal or state governments, government instrumentalities, supranationals and
banks. The bank exposure is predominantly investments in securities issued by the “big four”
Australian banks. The Plan’s ownership of these fixed interest and cash investments does not
allow it to exert significant influence over the environmental, social or governance practices of
the governments or companies concerned.
        

Fixed income Corporate (non-financial) – engagement

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

          The majority of the Plan’s fixed interest and cash assets are debt instruments issued by
Australian federal or state governments, government instrumentalities, supranationals and
banks. The bank exposure is predominantly investments in securities issued by the “big four”
Australian banks. The Plan’s ownership of these fixed interest and cash investments does not
allow it to exert significant influence over the environmental, social or governance practices of
the governments or companies concerned.
        

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.

          The majority of the Plan’s fixed interest and cash assets are debt instruments issued by
Australian federal or state governments, government instrumentalities, supranationals and
banks. The bank exposure is predominantly investments in securities issued by the “big four”
Australian banks. The Plan’s ownership of these fixed interest and cash investments does not
allow it to exert significant influence over the environmental, social or governance practices of
the governments or companies concerned.
        

OO 11. ESG incorporation practices for all assets

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 - SSA

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

Fixed income - corporate (financial)

Fixed income - corporate (financial) - 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

Fixed income - securitised

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

Property

Property - 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

Cash

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

11.3b. If your organisation does not integrate ESG factors into investment decisions on your externally managed assets, explain why not.

We select and appoint investment managers on a number of criteria with consideration of ESG, and we expect regular ESG reporting and ESG performance from our investment managers. We expect our investment managers to ultimately deliver returns in the best interests of our members.

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

We select and appoint investment managers on a number of criteria with consideration of RI, and we expect regular RI reporting and ESG performance from our investment managers.  We expect our investment managers to ultimately deliver returns in the best interests of our members.


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 active ownership

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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