ESG Newsletter

Founded in 1924, Verka VK Kirchliche Vorsorge VVaG is a specialist insurer for employees in the German Church. As at December 31, 2018, the firm managed US$ 2.225 billion of assets on behalf of 50,000 beneficiaries.

Verka's investment process is based on social compatibility, ecology and intergenerational fairness. As such, the firm does not invest in businesses linked to human rights violations, child labor, pollution, corruption, controversial weapons, alcohol, coal, oil, tobacco, animal testing, nuclear energy and green genetic engineering. Further, the Fixed Income portfolio may not be invested in states that disregard political and democratic rights, corruption, climate change standards, UN convention on Biodiversity and who practice the death penalty. Additionally, Verka applies a best-in-class screen to identify companies and states whose ESG performance outperforms their peers. In September 2019, the UN PRI chose Verka in their Leaders' Group for their approach to responsible investment.

UN PRI Transparency Report – 2019