Five consecutive years of top marks for responsible investment

14.08.2019
For the fifth year in a row, Sparinvest has received top marks from the Principles for Responsible Investment (PRI) for its approach to responsible investing.

The group received A+ for Strategy and Governance and has either maintained or improved scores since last year with an additional A+ score this year (up from A last year) for Fixed Income Corporates (non-Financials). Sparinvest scores either A or A+ across all the asset classes that it manages.

Jørgen Søgaard-Andersen, CEO of Sparinvest, commented: “We are pleased to maintain our strong track record of getting top marks from PRI for our RI approach and implementation.” 

“Our primary reason for being responsible investors is our belief that thoughtful integration of ESG issues in the investment process, combined with active ownership on behalf of our investors, is a driver for solid long-term investment returns - as well as having the potential to influence broader society towards greater sustainability,” he said.

PRI Assessment Scores for Sparinvest 2019

PRI Scoring Modules 2019 2018
Sparinvest Median Score Sparinvest
Strategy & Governance A+ A A+
Listed Equity Incorporation A+ B A+
Listed Equity Active Ownership A   B A  
Fixed Income SSA (Gov Bonds) A+ B A+
Fixed Income Corporates – Financials A   B A  
Fixed Income Corporates – Non-Financials A+ B A  
Fixed Income Securitized A   C A  

Source: The 2019 PRI Assessment scores shown are extracts from the full UN PRI Assessment Report 2019 for Sparinvest Group which, available at https://www.sparinvest.lu/~/media/global-docs/ri-transparency-report.ashx or at the PRI Data Portal. 

PRI signatories are required to complete a comprehensive annual transparency report detailing their responsible investment policies and processes. Sparinvest’s approach within actively-managed funds focuses on working with investee companies using active ownership – voting and engagement – to increase awareness of environmental, social and governance issues. 

About PRI

Established in 2005, PRI is the world’s largest international responsible investment network with more than 2.300 signatories. The PRI is funded primarily via the annual membership fee payable by all signatories. Additional funding comes from grants from governments, foundations and international organisations.  Reporting on progress in implementing the principles forms Principle 6 of the six principles that signatories commit to (see below). The PRI reviews reporting and delivers assessments free of charge. 2019 is the second year since the introduction of scoring that the PRI has introduced minimum requirements* for signatories. Companies failing to meet these requirements by 2020 risk being delisted.

Signatories’ commitment

“As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time).

We also recognise that applying these Principles may better align investors with broader objectives of society. Therefore, where consistent with our fiduciary responsibilities, we commit to the following:

Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.

Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.

Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.

Principle 5: We will work together to enhance our effectiveness in implementing the Principles.

Principle 6: We will each report on our activities and progress towards implementing the Principles.

The Principles for Responsible Investment were developed by an international group of institutional investors reflecting the increasing relevance of environmental, social and corporate governance issues to investment practices. The process was convened by the United Nations Secretary-General.

*For more detailed information on the minimum requirements please see here.

Mission

Our mission is to deliver the best long-term performance with a strong emphasis on risk. Based on a systematic and objective approach to investment - and a great commitment.

 

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