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fair-finance Vorsorgekasse AG

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Investment opportunities are examined to what extent they violate the defined exclusion or negative criteria. If controversial business fields or controversy business practices are concerned, an investment is not permissible. In order to minimize systematic income risks, such as those arising from the exclusion of entire industries, negative criteria are only applied where, on the one hand, the definition of the criteria and, on the other hand, the data base on the investment options is clear. Those investment opportunities are selected on the basis of positive criteria (best-in-class approach) which make a significant contribution to sustainable economic activity and achieve their economic success taking into account social, ethical and ecological aspects. ESG criteria are used to identify exemplary companies, institutions, and countries that are at the forefront of the various dimensions of sustainability and excel in ecological, social, and economic action. Following the restriction of investment opportunities on the basis of the negative and best-in-class criteria, where appropriate finally the identification of opportunities is based on qualitative and quantitative financial and extra-financial factors relevant to performance. In addition, Engagement is an essential part of our strategy, focusing on impact investments. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Sustainability Universe: exclusion criteria and best in class for securities;  criteria for microfinance, altenative energy, forest, real estate  (impact investments) and engagement activities

Strategic Asset Allocation: maximum weighting of absolute return asset classes and historical income and stress scenarios must result in minimum return

Tactical asset allocation: based on secondary analyses

Investment decisions: rule-based, from the first half of the peer group

Risk management: adapted CPPI model with minimum yield based on calendar year (-0.0 % in 2019)

01.6. Additional information [Optional].


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.


02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

working progress

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)