04.2.
Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.
Asset class
Benchmark
Incentives and controls
Benchmark
Merrill Lynch EMU corporate bond index
ESG Objectives
Exclusion list and from April 1, 2020 a minimum percentage of the total portfolio in green bonds, that will eventually reach 10% of the portfolio
How ESG criteria are incorporated in the bond selection process.
By requiring that all external managers comply with PNO Media's Repsonsible Investment Policy in managing the portfolio, we indirectly ask them to invest according to the IMVB covenant.
Incentives and controls
Benchmark
Barclays Capital customised maturity swap index
Incentives and controls
Benchmark
Incentives and controls
04.4.
Provide additional information relevant to your organisation`s appointment processes of external managers.
[OPTIONAL]