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Caisse de retraite du groupe Pictet

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Pictet Group Pension Fund believes in responsible capitalism and takes an enlarged view of the economy and its interactions with civil society and the natural environment. We are convinced that Environmental, Social and Governance (ESG) considerations can help us make better long-term investment decisions for our employees and pensioners.

For decades, sustainability has been central to our way of thinking. Since the Pictet Group was founded in 1805, we have aimed to ensure the prosperity of our clients over the long term. In doing so, we have instinctively considered the interests of future generations.

Consistent with our fiduciary duty to act in the best interests of our employees and pensioners and our adherence to the UN Principles for Responsible Investment (UN PRI), we are committed to integrating material ESG criteria in our investment processes and ownership practices with a view to enhance returns and/or mitigate risks. We also aim to embed ESG in our risk management and reporting tools in order to maintain high standards of transparency and accountability.

Our commitment to Sustainability and responsible investment covers 10 levers of action across our assets.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

A significant effort was initiated in 2019 to better structure and explicit our Responsible Investing (RI) Charter. A new RI charter will be finalized in 2020. 

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

The Pictet Group Pension Fund does not have a website. The above URLs refer to the Pension Fund's fiduciary manager: Pictet Asset Management.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The Pictet Group  adheres to the strictest principles of Banking ethics :

- loyalty, fairness and integrity,

- competence, care and diligence,

- respect for privacy and confidentiality

- compliance with laws and regulations

- security and reliablity.

The Pictet Group has developed administrative and organisational measures to ensure that all reasonable steps are taken to prevent and identify situations where conflicts of interest may arise.

The main steps to prevent conflicts of interest are the following :

- segregation of duties, seperation of functions (functional, hierachical and contractual),

- body of internal directives,

- guideline framework for all staff matters,

- regular training,

- monitoring activities,

- inducement policy.

With respect to external conflicts of interest, as the owners of the firm are not subject to the typical shareholder pressure of a quoted business to produce short-term results, they have been able to take longer-term business perspective based on performance, client satisfaction and service.

All members of the organization are subject to Pictet Group policies; furthermore, each year, a signed declaration is sent to the Supervisory Authority.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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