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 investment principles are based on diversification, a balanced and prudent approach and consistency with the retirement needs and horizons of our members.
The investment strategy is based in:
- A long term view, consistent with the pay off of pensions
- The consideration of the macro and market conditions
- The economic, financial and political risks
- The good governance of the companies and public issuers we invest in
- The social and environmental risks and opportunities
Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]
We expect the companies in which we invest to behave in line with the Principles of the UN Global Compact.
Loreto does not invest in companies involved in the manufacture of landmines, cluster bombs and other controversial weapons. In addition the Mutuality does not invest in the arm producers that sell them to sanctioned countries or the nuclear weaponery sold in contravention to the Treaty on the Non-Proliferation of Nuclear weapons. We regularly monitor the portfolio excluding firms in breach of these principles or activities.
We have begun last year to get involved in engagement issues about the governance of specific companies.