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Harvard University Endowment

PRI reporting framework 2016

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 06. Types of screening applied

06.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

The CCSR determines the exclusionary screens that HMC should apply to its assets.  Currently, HMC negatively screens companies involved in the manufacture of tobacco products, and certain companies involved in oil production activities with the Government of Sudan (e.g., PetroChina Company Limited).

06.2. Describe how the screening criteria are established, how often the criteria are reviewed and how you notify clients and/or beneficiaries when changes are made.

Harvard maintains a strong presumption against divesting for non-financial reasons. From time to time, the CCSR addresses questions of investment (or divestment) policy. Occasionally, the CCSR seeks advice on such questions from the University's Advisory Committee on Shareholder Responsibility ("ACSR"). Proposals on negative screening are addressed by the CCSR on a case-by-case basis as they arise. On the rare occasions when a decision is made in favor of a negative screen, appropriate notice is given to the relevant investment managers, and the screens are publicly disclosed. Any changes are made public. Information about the ACSR and CCSR, and about these exclusions, is available here: http://www.harvard.edu/shareholder-responsibility-committees.

06.3. Additional information. [Optional]


LEI 07. Processes to ensure screening is based on robust analysis

07.1. Indicate which processes your organisation uses to ensure that screening is based on robust analysis.

07.2. Additional information. [Optional]


LEI 08. Processes to ensure fund criteria are not breached (Private)


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