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VidaCaixa

PRI reporting framework 2020

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG factors [LEI 08 - 10] ESG incorporation in passively managed listed equities [LEI 11] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (C) Implementation: Integration [FI 10 - 12] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

Non-corporate pension or superannuation or retirement or provident fund or plan

Corporate pension or superannuation or retirement or provident fund or plan

Insurance company

Foundation

Endowment

Development finance institution

Reserve - sovereign or government controlled fund

Family office

Other, specify

01.3. Additional information. [Optional]

VidaCaixa is the leading insurance Company in Spain and is integrated into CaixaBank. It holds 49.9% of SegurCaixa Adeslas and since dec-2017 the 100% of BPI Vida e Pensoes.

VidaCaixa is an insurance company that designs, manages and markets life insurance as well as offering pension plan management to both individual customers and corporate clients.

We are proud to belong to one of the main financial groups in the Spanish market, whose fundamental values - quality, trust and social commitment - guide us in everything we do.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Spain

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

646 FTE

02.4. Additional information. [Optional]

At Vida Caixa, 53,2% of the workforce of VidaCaixa are women. VidaCaixa does have a gender equality roadmap alongside a talent management comitee, which guarantee equal opportunities for men and women within the company.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary (Up to six subsidiaries may be reported)	RI implementation reported here on a consolidated basis
BPI Vida e Pensoes	Yes No
	Yes No
	Yes No
	Yes No
	Yes No
	Yes No

03.3. Additional information. [Optional]

BPI Vida e Pensoes, VidaCaixa’s subsidiaries, has signed up the PRI at beginning of 2020. Since the company has signed the PRI recently, it has been decided to report data at consolidated level in this report 2020, then including BPI Vide e Pensoes AUM.

The main RI objective for BPI Vida e Pensoes (part of the VidaCaixa strategic plan 2019-2021) is to replicate the VidaCaixa model which is why they signed up the PRI and contracted ESG assessment service from the same specialized provider as VidaCaixa.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we are in the fund-raising process

04.5. Additional information. [Optional]

The reported AUM (OO 04.2) includes the Insurance Company, UL assets, Pensions Funds and EPSV. It also includes AUM form BPI Vida e Pensoes.

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	<10% 6.22	<10% 8.16
Fixed income	>50% 68.106	<10% 7.28
Private equity	0 0	<10% 0.45
Property	<10% 0.34	<10% 0.34
Infrastructure	0 0	<10% 0.09
Commodities	0 0	<10% 0.32
Hedge funds	0 0	<10% 0.53
Fund of hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	<10% 2.38	0 0
Money market instruments	<10% 4.68	<10% 0.19
Other (1), specify	<10% 0.79	0 0
Other (2), specify	0 0	<10% 0.08

`Other (1)` specified

          % in non-listed equity where VidaCaixa has a position as a stakeholder (ie. BPI VeP and SegurCaixa Adeslas)

`Other (2)` specified

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

Yes

06.5. Indicate whether your organisation uses fiduciary managers.

Yes, we use a fiduciary manager and our response to OO 5.1 is reflective of their management of our assets.

No, we do not use fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

The VidaCaixa Insurance assets are mainly invested as a hedging of their liabilities (mainly live insurance policies). As a consequence of the regulation and the company risk profile, these assets are invested in fixed income and are managed internally. This explains why fixed income is the most significative share of our portfolio.

The VidaCaixaPension Funds, Unit Linked and EPSV are invested using diversification advantages (different asset types and geographies). Some assets are managed internally by the VidaCaixa investment team and others are invested through third parties mutual funds properly selected by a specialized external selection team in VidaCaixa (which epxlains why a share of assets are accounted as “externally managed” (OO 05.1).

BPI Vide e Pensoes follows similar investment approach and progressivelly is converging with VidaCaixa model.

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

97.9 Developed Markets

2.1 Emerging Markets

0 Frontier Markets

0 Other Markets

Total 100% 100%

09.2. Additional information. [Optional]

The Insurance company can only invest in OCDE markets. The exposure to emerging markets is coming from Pensions Funds, Unit Linked and EPSV.

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