International treaties and directives provide us with guiding principles for responsible investing. Delta Lloyd has endorsed the United Nations Global Compact principles, ten universal principles in the areas of human rights, labour, the environment and anticorruption. We do not invest in companies that repeatedly or seriously violate these principles.
Scope of the policy
Responsible investment is structurally embedded in our investment policy, because as investors, we are concerned about the future: we invest for the future, with our investment funds, with the money of Delta Lloyd subsidiaries and with the capital of our institutional clients. We believe in our approach. With us, you will only invest in products we trust, products that Delta Lloyd's capital is also invested in. The responsible investment policy is applicable to all asset classes and all funds under management with Delta Lloyd Asset Management.
When selecting external managers and externally managed funds, we assess the applicable responsible investment policy and review the differences and similarities with our own policy. This review, along with other considerations, forms the basis for the selection of the best fitting and most appropriate fund for the customer, at that moment and with an eye for the future. We prefer funds with responsible investment policies equivalent to the Delta Lloyd Asset Management responsible investment policy as much as possible.
Read the full RI policy here (in Dutch).
United Nations Global Compact Principles
Human rights: we respect all forms of human rights and we expect companies we invest in, to respect human rights as well. Before we decide to invest and during the time we are invested in companies, we assess whether the company is -or has been- involved in violation of human rights.
Labour: Delta Lloyd finds it important that women and men have equal opportunities to find decent, productive work under free, equal, safe and worthy conditions. We support the right to work and good labour conditions and we exclude companies that repeatedly or seriously violate these rights.
Environment: the concept of sustainability stems from serious concerns for the environment and for our health. Delta Lloyd wants to contribute to the protection of the ecosystem. This is why Delta Lloyd does not invest in companies that seriously or repeatedly violate the environmental principles of the UN Global Compact. We also press for compliance with international standards and directives in this area by the companies in which we invest.
Anticorruption: corruption is based upon the abuse of power and has a disproportionate effect on poor and underprivileged people. In economic life, corruption furthermore jeopardizes the reputation and the financial position of companies involved. Therefore Delta Lloyd screens whether the companies we (want to) invest in, are not involved in corruption, extortion or bribery.
More information about the UN Global Compact Principles.
Responsible investment is all about judging and assessing environmental, social and governance (ESG) information. Information regarding environmental aspects of companies and countries (E) comprises for instance waste(management), energy use, CO2 emissions, the use or protection of natural resources, and water. Social criteria (S) relate amongst others to supply chain management, employee satisfaction and employee safety, labour conditions and caring for local communities and human rights. Governance (G) encompasses criteria such as remuneration policy, nominations policy, company structure and (ethical) codes of conduct within companies.
Policy on weapons
Controversial weapons are weapons that cause disproportionate numbers of victims, that have severe and indiscriminate effects or that do not make a distinction between military targets and civil targets. The consequences of the use of these weapons can still be noticed, years after their use. Delta Lloyd strongly disapproves of the production, trade and/or use of controversial weapons. We exclude companies that are involved in the production and development of controversial weapons from our investment universe.
When investing in sovereign bonds, we assess whether countries are under UN, EU or US sanctions. We do not want to invest in (sub)sovereign entities that produce or distribute controversial weapons, and in line with that, we do not want to be or become involved in the supply of weapons to controversial regimes.
Find more information on our Sovereign policy here.
United Nations Principles for Responsible Investment
Delta Lloyd Asset Management is signatory to the United Nations Principles for Responsible Investment (UNPRI). The UNPRI network was founded in 2006 and forms an expanding, multinational group of investors, who are all committed to integrating environmental, social and governance information in their investment policies.
For more information on the UN PRI.
Find our most recently filled out PRI Self-assessment: PRI Assessment
Our responsible investing policy outlines the general beliefs upon which we base our responsible investment decisions. In addition to the more general policy, we have written down our view on sectors and sustainability related themes. To be able to decide with which sectors and themes we should start, we have looked at two elements: the sustainability objectives of Delta Lloyd (resulting in themes such as climate change and human rights) and a materiality analysis of our investments. We have conducted a materiality analysis, by looking at our exposure to certain sectors (such as sovereign bonds and the sectors Financials and Consumergoods) on the one hand, and by looking at (possible) ESG impact of sectors (such as Oil & Gas, and Construction & Real Estate)on the other. We have written additional investment policies for the most material sectors and themes.
These additional investment policies can be found under the header Themes and sectors.