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Lifeyrissjodur Verzlunarmanna (Pension Fund of Commerce)

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We have met with Yulia Sofronova couple of times and heard her speach at the IcelandSIF event.   Three members of staff (CIO, CLE and IO) attended UNPRI's annual seminar in France last Autumn.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We invested in the first Green Bond issue in Iceland (in ISK) when the municipality of Reykjavik, Iceland's capital, issued green bond under the Green Bond Principles. We were then introduced to the Green Bond Principles.  Subsequently we have invested in several green bonds in Iceland.

          IcelandSIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The fund is a founding member of the organization and has a member of the board.

https://www.icelandsif.is/english/ 

          Festa Icelandic Center for Corporate Social Responsibility https://samfelagsabyrgd.is/
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of Festa - Icelandic Center for Corporate Social Responsibility.

https://festasamfelagsabyrgd.is/english/

 

          ILPA
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of ILPA  and have relied significantly on their ESG tools, e.g. DDQ.

 

https://ilpa.org/


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          we attend regular events of IcelandSIF which has the purpose of promoting and training institutional investors in Iceland in ESG.
        

Frequency of contribution

Description

          We are interviewed by the academia on regular basis regarding our RI approach and requirements.
        

Frequency of contribution

Description

          Several meetings/discussion with people within the Icelandic financial industry about the development of RI integration within the market.
        

Frequency of contribution

Description

          Both our chief legal officer and member of asset management participated in ESG conference (FESTA) about the matter
        

Frequency of contribution

Description

          We have encuraged our new managers which are not member of PRI to join
        

Frequency of contribution

Description

          We have a board member seat in IcelandSIF
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Private)


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