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APG Asset Management

PRI reporting framework 2020

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (B) Implementation: Thematic

(B) Implementation: Thematic

FI 07. Thematic investing - overview

07.1. Indicate what proportion of your thematic investments are (totalling up to 100%):

9 %
1 %
1 %

07.2. Describe your organisation’s approach to thematic fixed income investing

Across all asset classes we have investments that contribute to the United Nations Sustainable Development Goals, which we call Sustainable Development Investments (SDI). SDI’s are products and/or services that contribute to the UN SDGs. These investments meet our financial risk and return requirements and support the generation of positive social and/or environmental impact through their products and services, or at times through acknowledged transformational leadership.


07.3. Additional information [OPTIONAL]

Above percentages are calculated by dividing green/social/sustainable bonds investments over the total Sustainable Development Investments exposure of APG. This includes exposure in other asset classes. The total SDI exposure of APG is € 81 bln.

FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

We regularly meet with issuers to monitor and discuss past and new (green, social and sustainable) bond issuance. In addition we host roundtable discussion among issuers, investors and syndicate banks to encourage the market to adopt our expectations.

08.3. Additional information. [Optional]

FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

          We regularly examine reports from issuers on the green and social impacts resulting from the assessments, this is done on a case-by-case basis.

09.2. Additional information. [Optional]