Mandatum Life has once again received the highest overall score of A+ in the UN Principles for Responsible Investment’s 2020 assessment.
The PRI is an international investor initiative that annually assesses how its members’ investment operations compare year-on-year and with peers in various categories. The assessment tells organisations how they have progressed in integrating responsible investment, as well as areas where their investment operations are in need of improvement. Mandatum Life Wealth Management was assessed in nine categories, achieving at least the median score or better in all categories.
Mandatum Life received the highest score (A+) in the Strategy & Governance* and Property categories. The company received the highest score in Strategy & Governance also in 2019. This year, the company also attained the highest score in the Property category. Worldwide, only some one third of PRI members receive this score.
“We can be pleased with our performance in every asset class. Investors have shown great interest in alternative investments, such as real estate, in recent years, and the trend has continued this year, too. Raising our score in the real estate investment category is the fact that we joined the Global Real Estate Sustainability Benchmark (GRESB), which measures the sustainability of real estate investment companies and funds on the level of the entire real estate portfolio,” says Mandatum Life’s Head of Multi-Asset Solutions, Carolus Reincke.
Mandatum Life’s scores in the PRI comparison range from excellent to good. The company’s weakest score (B) was in the Listed Equity – Active Ownership category. Mandatum Life does not generally vote in shareholder meetings, which influenced this particular score.
“In our experience, the most natural way to engage with companies is to discuss matters directly with their executive management. The meetings focus, for instance, on a company’s governance, relative position and operating methods compared to other companies in the same business sector, and on the direction and pace of development of its business processes. We also pay attention to the scope and quality of companies’ CSR reporting,” says Reincke.
“In our discussions, we additionally take note of how prepared the company is to rectify possible shortcomings. If an investee company is not willing to invest in the responsibility of its business, the investment may be divested,” he adds.
Mandatum Life signed the UN Principles for Responsible Investment in 2011 and has accordingly committed to incorporating ESG factors in its investment processes, to being an active owner and to promoting the principles of responsible investment.
Summary scorecard
Update 4/2024: The links inside the table are no longer available.
|
Category |
Mandatum Life 2020 |
Median score 2020 |
Mandatum Life 2019 |
|
01. Strategy & Governance |
A+ |
A |
A+ |
|
02. Listed Equity |
A |
A |
A |
|
07. Private Equity |
A |
A |
A |
|
08. Property |
A+ |
A |
A |
|
10. Listed Equity - Incorporation |
A |
A |
A |
|
11. Listed Equity - Active Ownership |
B |
B |
B |
|
12. Fixed Income - SSA |
A |
B |
A |
|
13. Fixed Income - Corporate Financial |
A |
B |
A |
|
14. Fixed Income - Corporate Non-Financial |
A |
B |
A |
|
|
|
|
|
* For several years, the Strategy & Governance category was called ‘Overall Score’. This term was no longer used in the 2020 assessment.