This report shows public data only. Is this your organisation? If so, login here to view your full report.

APG Asset Management

PRI reporting framework 2020

Export Public Responses
Pdf-img

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

指名

SAM 04. Appointment processes (listed equity/fixed income)

04.1. あなたの組織では、ほとんどのケースで、また、商品の仕組みが許す限り、運用会社の選定および・もしくは約定の一環として以下の項目のいずれかを行っているかどうかを明示してください。

04.2. 運用会社の指名において通常盛り込んでいる、ベンチマーク、目標、インセンティブ/コントロールおよび報告要件の事例を資産クラス別に記載してください。

資産クラス

ベンチマーク

          APG sets an ESG benchmark for Listed Equity excluding all constituents that are on the APG Exclusion List on the basis of product related exclusions.
        

ESG目標

          We require external managers in Listed Equity mandates to apply our Exclusion Policy.
        
          We include objectives related to the carbon reduction target in contracts with external managers for mandates in Listed Equity. We require external managers to comply with the APG Inclusion Policy, which requires making conscious choices whether to engage or discontinue the investment in case of the company being a Laggard.
        
          We require external managers to engage with companies in case of the company being a Laggard and the manager has picked the company for engagement.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Fixed Income - SAA.
        

ESG目標

          Our Exclusion Policy applies to all fixed income – SSA investments.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Fixed Income - Corporates.
        

ESG目標

          We require external managers in Fixed Income mandates to apply our Exclusion Policy.
        
          We require external managers in Fixed Income to comply with the APG Inclusion Policy.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Fixed Income.
        

ESG目標

          We require external managers in Fixed Income mandates to apply our Exclusion Policy.
        
          We require external managers in Fixed Income to comply with the APG Inclusion Policy.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Fixed Income.
        

ESG目標

          We require external managers in Fixed Income mandates to apply our Exclusion Policy.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Private Equity.
        

ESG目標

          We require external managers in Private Equity mandates to apply our Exclusion Policy.
        
          A set of minimum ESG integration requirements applies to each new PE mandate.
        
          APG asks external managers in Private Equity to take the UN Global Compact principles into account when making and managing investments.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in Property.
        

ESG目標

          We require non-listed property managers to participate in the GRESB benchmark and to reach 4 or 5 star status in this benchmark over time.
        

インセンティブおよびコントロール

報告要件

ベンチマーク

          We assign standard benchmarks to external managers contracted in non-listed Infrastructure.
        

ESG目標

          We require non-listed infrastructure managers to participate in the GRESB Infra benchmark
        

インセンティブおよびコントロール

報告要件

04.3. 報告要件のいずれかが満たされない場合に、組織では、以下に記載するどの措置を講じることになるのかを示してください。

04.4. 組織が設定している外部運用会社の指名プロセスに関連する追加情報を記載してください。 [任意]

          APG is tasked with the implementation of the RI policies of its clients for the total asset portfolio including both listed and non-listed assets. APG is required to report on policy implementation via regular reports to
clients. Breaches of the RI Policy are also required to be reported if discovered. APG ensures that key ESG requirements are reflected in the contractual arrangements with third party external managers. Therefore, contracts with such managers will typically include a mix of the following:
 • acknowledgement of APG's responsible investment requirements and exclusion policy requirements 
• regular reporting requirements, including frequency and content 
• reporting on Sustainable Development Investments 
• specific requirements regarding investments in high risk industries or countries 
• acknowledgement and adherence to certain international standards (e.g. IFC Performance Standards) 
• opt-out rights for certain types of investment 
• fund governance requirements modelled on ILPA principles. 
• mandatory GRESB participation for real estate managers. 
The final form of legal requirements regarding responsible investment criteria will depend on the individual circumstances of each investment.
        

Top