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PRI reporting framework 2020

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You are in Indirect - Inclusive Finance » Contractual agreements and mandate design

Contractual agreements and mandate design

IFI 03. Including issues referred to in the PIIF

03.1. When agreeing contracts and designing mandates with investment managers, in the process, indicate if you consider including the following issues referred to in the PIIF:

Actively supporting retail providers to innovate and expand the range of financial services to low-income people (Principle 1)

Describe and indicate how.

Providing low-income people with access to financial services is inherent in the objectives, investment strategies and policies of the investment managers/partners KLP has chosen.

Integration of client protection in investment policies and practices (Principle 2)

Describe and indicate how.

NMI offers different financial products to sustainable microfinance institutions (MFIs) so they can achieve their social and financial goals.

Nordic Microfinance Initiative (NMI) encourage all MFIs they invest in to follow CPP, and report on this for the investment portfolio

Treating investees fairly with appropriate financing needs that meets demand, clear and balanced contracts and fair processes for resolving disputes (Principle 3)

The inclusion of ESG issues in investment policies and reporting (Principle 4)

Describe and indicate how.

  • Prerequisite for being chosen as investment manager/partner.
  • Subject to reviews and addressed through dialogue.
  • Reporting on ESG issues is addressed in contracts and mandates.

Active promotion of transparency in all aspects (Principle 5)

Striving for a balanced long-term social and financial risk-adjusted return that recognises the interests of clients, retail providers and investors (Principle 6)

Collaborating to set harmonised investor standards that support the further development of inclusive finance (Principle 7)

03.2. Additional information. [Optional]

Client protection principles is not explicitly mentioned in agreements or mandates, but are in practice an important part of our investment managers' work to identify investment objects and in their due diligence processes. Client protection principles are also addressed in our investment manager's reporting.