Responsible investments generally mean taking into account environmental and social responsibility and corporate governance in the investment process because these issues have a bearing on the sustainable development of a company and can also affect performance in asset management.
Environmental and social responsibility and corporate governance generally means that companies follow not only the law but also international standards for human rights, labor rights, environment and corruption. These standards are collected in the United Nations Global Compact which in turn is based on the UN Declaration of Human Rights, ILO’s Standards and Fundamental principles on rights at work, the Rio Declaration on Environment and Development as well as the UN Convention against corruption.
Jointly with other institutional investors, SPK participates in a dialogue with companies where external analysis indicates some sort of violations. The purpose of this dialogue is to influence these companies to better deal with ethical, environmental and sustainability issues. In addition to this, SPK have a continuous dialogue with our own asset managers in these matters.
Furthermore, SPK review and monitor all its holdings based on international standards for human rights, labor rights, environment and corruption. SPK has hired an independent external provider who is conducting the annual ethical audits of all the holdings in the portfolio.