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BW Equity GmbH

Service Providers Framework 2020

You are in Strategy and Governance » Policy on ESG beliefs

Policy on ESG beliefs

SG 01. Responsible investment policy

01.1. Describe how your organisation’s philosophy incorporates environmental, social and governance factors, and the link to your business offerings.


BWEquity has many links to ESG topics. Due to its 100% affiliation to LBBW, its sustainability policy is automatically adopted by BWEquity. In the mission statement of BWEquity GmbH the ecological and socially sustainable action is fixed. BWEquity published its first sustainability report in January 2020, covering the years 2018 and 2019.  As part of the analysis of closed AIFs, ESG issues are assessed according to a transparent grid at the object, provider and management levels. Depending on the degree of fulfillment, the AIF receives corresponding rating points and achieves a higher rating result. BWEquity is proud that in 2019 it has convinced the first provider to sign the UNPRI as a condition of continued cooperation. 

01.2. Indicate whether you have policies that formalise the incorporation of your ESG beliefs in your business offerings.

01.5. Additional information [OPTIONAL]


SG 02. Norms used to develop policies (Not Applicable)


SG 03. Policy offerings to clients

03.1. Indicate whether you offer standard, off the shelf, policies to clients as part of your product offerings, and/or whether you create tailored versions for individual clients.

Off the shelf
Tailored
Asset class-specific RI guidelines
Sector-specific RI guidelines
Screening/exclusions policy
Engagement policy
(Proxy) voting policy
RI guidelines set out within the Investment Policy Statement (IPS)
RI guidelines set out in a freestanding RI policy
Multi-year RI implementation project plan
Conflict of interest management policy
Stockbroker allocation policy
Securities lending policy
Other, please specify (1)
Other, please specify (2)
Other, please specify (3)
None of the above

03.3. Additional information. [OPTIONAL]


ESG and RI topics are an integral part of the value chain around services and not available separately.


SG 04. ESG/RI in business offerings (Not Applicable)


SG 05. Outsourcing of services (Private)


SG 06. Providing training/education

06.1. Indicate whether you provide training/educational services on ESG/RI. Tick all that apply.

06.2. Describe the main components of your training/educational services on ESG/RI and any variations depending on the group you provide training/education to.

In internal trainings and consultant events, reference is made to ESG principles and guidelines of BWEquity, in particular in the analysis. 

06.3. Describe whether these training/educational services include any commercial elements.

          ESG topics have an indirect commercial purpose. ESG topics are an element of finding a product, but not the the only one.
        

06.4. Additional information. [OPTIONAL]


SG 07. Applying, advancing and promoting the PRI principles

07.1. Describe how your organisation applies, advances and promotes the PRI Principles.

Concerning KVGen attention is drawn to the observance of ESG criteria. The BWEquity scoring makes it transparent that a company with ESG principles receives a better product rating. For example, a social carta has been further developed with Partner, which will be considered in a future project. Analysis results of closed AIFs are also published in relation to the ESG points.

07.2. Highlight whether there are any ways that your organisation would like to engage further with the PRI. [OPTIONAL]


SG 08. Actions taken to promote responsible investment

08.1. Indicate which of the following actions your organisation has taken to promote responsible investments during the reporting year, independently of collaborative initiatives.

08.2. Additional information. [OPTIONAL]


SG 09. Long term trends

09.1. Indicate which of the following long-term trends are addressed in your product outputs.

09.2. Explain how this long-term trend affects your product outputs.



Demography is a megatrend. We therefore pay more attention to the fact that we select closed AIF in the regions of increasing demography. This avoids unnecessarily consumptation of areas that are not needed in the long term.

09.2. Explain how this long-term trend affects your product outputs.


Real estate: national and international energy certifications, attention and positive consideration of resource-conserving properties in the construction and management phase

Aviation: positive assessment of best in class characteristics, e.g. lowest fuel consumption per passenger (for aircraft) or lowest CO2 emissions

Renewable energies: positive assessment of sensible renewable energy investments

Private Equity: Advisor is supposed to have signed Unpri

Funds of Funds: Renewable & Infrastructure in line with 10 out of 17 of the sustainable development goals of the United Nations (UN). 

 


SG 10. Interaction with asset owners (Not Applicable)


SG 11. Aligning approach with investor goals

11.1. Describe how you typically align your organisation’s philosophy and approach to ESG/RI with your investor clients’ goals.

ESG goals will become more and more important in the investment decision. For example, MiFID II defines a new target market called "sustainability". We are prepared for this so that there will be an ESG sustainability profile for every investment.

11.2. Additional information. [OPTIONAL]


SG 12. ESG recommendations not aligned with investor goals

12.1. Describe what steps you take, if any, when your ESG recommendations are not in line with your investor clients’ goals.

If ESG topics are given insufficient consideration, the investment receives a lower rating. In the case of violations of the basic principles of LBBW, the project is rejected from the outset.

12.2. Additional information. [OPTIONAL]


SG 13. Seeking feedback from clients

13.1. Indicate whether you seek feedback from clients on your RI/ESG services and product offerings

13.3. If not, please explain why.

This is not necessary as we are exclusively active in the B2B business. Regulatory requirements will concern us in such a way that in future our customers will automatically demand compliance with ESG principles when advising on products.


SG 14. Managing conflicts of interest

14.1. Indicate whether your organisation has a policy for managing potential conflicts of interest.

14.2. Describe how you manage potential conflicts of interest.

As a subsidiary of the LBBW Group, we have automatically adopted the same compliance requirements.

14.3. Describe how you ensure that company employees do not derive any personal gain from the use of information collected during your work process.

The same service regulations and organizational measures apply to BWEquity employees as to LBBW employees. This includes the strict obligation to maintain banking secrecy and not to disclose business secrets. Organizational measures and access restrictions prevent unauthorized access to business data.

14.4. Additional information. [OPTIONAL]


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