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Pictet Asset Management

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] ESG incorporation in passively managed listed equities [LEI 11] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (C) Implementation: Integration [FI 10 - 12] ESG incorporation in passively managed fixed income [FI 13] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Confidence building measures

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Confidence building measures

CM1 01. Assurance, verification, or review

01.1. Indicate whether the reported information you have provided for your PRI Transparency Report this year has undergone:

Third party assurance over selected responses from this year’s PRI Transparency Report

Third party assurance over data points from other sources that have subsequently been used in your PRI responses this year

Third party assurance or audit of the correct implementation of RI processes (that have been reported to the PRI this year)

Internal audit of the correct implementation of RI processes and/or accuracy of RI data (that have been reported to the PRI this year)

Internal verification of responses before submission to the PRI (e.g. by the CEO or the board)

Other, specify

None of the above

01.2. Additional information [OPTIONAL]

          In 2018/2019,  an external audit was conducted as part of applying to the French SRI label for  six RI strategies which follow a screening, thematic and integration approach (Pictet-Clean Energy, Pictet-Water, Pictet-Emerging Markets Sustainable Equities, Pictet-European Sustainable Equities, Pictet-GEO, Pictet-Timber).

CM1 02. Assurance of last year`s PRI data

02.1. We undertook third party assurance on last year’s PRI Transparency Report

Whole PRI Transparency Report was assured last year

Selected data was assured in last year’s PRI Transparency Report

We did not assure last year`s PRI Transparency report

None of the above, we were in our preparation year and did not report last year.

02.3. Additional information [OPTIONAL]

CM1 03. Other confidence building measures

03.1. We undertake confidence building measures that are unspecific to the data contained in our PRI Transparency Report:

We adhere to an RI certification or labelling scheme

03.2. Which scheme?

National SRI label based on the EUROSIF Transparency guidelines

% of total AUM the scheme applies

< 25%

25-50 %

50-70 %

>75 %

B-corporation

UK Stewardship code

% of total AUM the scheme applies

< 25%

25-50 %

50-70 %

>75 %

GRESB

Commodity type label (e.g. BCI)

Social label

Climate label

RIAA

Other

Specify

          Japan Stewardship Code

% of total AUM the scheme applies

< 25%

25-50 %

50-70 %

>75 %

We carry out independent/third party assurance over a whole public report (such as a sustainability report) extracts of which are included in this year’s PRI Transparency Report

ESG audit of holdings

Other, specify

None of the above

03.5. Additional information [OPTIONAL]

          Confidence building measures include third party labels (eg Austrian Umweltzeichen, French SRI label, FNG label).

CM1 04. Assurance of this year`s PRI data

04.1. Do you plan to conduct third party assurance of this year`s PRI Transparency report?

Whole PRI Transparency Report will be assured

Selected data will be assured

We do not plan to assure this year`s PRI Transparency report

04.3. Additional information [OPTIONAL]

CM1 05. External assurance (Not Applicable)

CM1 06. Assurance or internal audit

06.1. Provide details of the third party assurance of RI related processes, and/or details of the internal audit conducted by internal auditors of RI related processes (that have been reported to the PRI this year)

What RI processes have been assured

Data related to RI activities

RI policies

RI related governance

Engagement processes

Proxy voting process

Integration process in listed assets

Screening process in listed assets

Thematic process in listed assets

Other

Who has conducted the assurance

          ESG team , EY

When was the process assurance completed(dd/ mm/yy)

11/03/2019

Assurance standard used

IIA’s International Standards for the Professional Practice of Internal Auditing

ISAE 3402

ISO standard

AAF 01/06

SSE18

AT 101 (excluding financial data)

Other

Specify

          (i) In 2019, the ESG team conducted ad-hoc meetings with long-only fixed income & equity investment teams to discuss the implementation of  ESG factors into their investment decisions, risk management, active stewardship, reporting & marketing material.
(ii) Obtaining the French SRI label included an audit by EY covering 6 strategies( Clean Energy, Water, Emerging Markets Sustainable Equities, European Sustainable Equities, GEO, Timber).

Level of assurance sought

Limited or equivalent

Reasonable or equivalent

06.2. Additional information [OPTIONAL]

          Pictet Asset Management Ltd, Pictet Asset Management SA, Pictet Asset Management (Singapore) Pte Ltd and Pictet Asset Management Hong Kong Ltd are subject to annual ISAE 3402 audits, which were last conducted as at 31 December 2018 by PwC (Type II). There were no significant issues identified in this report, and a copy of this report is available upon request.

CM1 07. Internal verification (Not Applicable)

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