This report shows public data only. Is this your organisation? If so, login here to view your full report.

Harvard University Endowment

PRI reporting framework 2016

Export Public Responses
Pdf-img

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 03. Percentage of each incorporation strategy

03.1. 以下を記載してください。(1)組織でのアクティブ運用上場株式について、どのESG組入れ戦略や組み合わせを使用しているか(2)アクティブ運用している上場株式の戦略または戦略の組み合わせ別内訳

ESG組み入れ戦略 (当てはまるものをすべてお選びください)
アクティブ運用される上場株式に戦略が適用される割合 (推定 +/- 10%)
100 %
アクティブ運用している上場株式の合計 200%

03.2. 組み入れのアプローチと、特定のESG組み入れ戦略を選択している理由を説明してください。

Harvard maintains a strong presumption against divesting for non-financial reasons. From time to time, Harvard University's Corporation Committee on Shareholder Responsibility ("CCSR") addresses questions of investment (or divestment) policy. Examples include the 1989 decision to divest from companies engaged in the manufacture of tobacco products, as well as decisions in 2005 and 2006 to divest from certain companies involved in oil production activities with the Government of Sudan (which had been found to be engaging in genocide). To ensure compliance with the University's directive to divest from these securities, HMC uses negative investment screens for such securities for all of its internally managed listed equities.

HMC does not apply thematic ESG incorporation.  No asset class or portfolio carries a specific ESG-themed mandate (such as clean energy).  Rather, HMC seeks to integrate relevant material ESG risk factors into its investments.  HMC believes integration (rather than thematic incorporation) better suits the investment mandate of Harvard University and does not unduly restrict the investment universe.

03.3. ESG組み入れ戦略の組み合わせを使用して資産を運用している場合、ESG戦略の組み合わせをどのように使用しているかを簡単に説明してください。 [任意]

03.4. 補足情報。 [任意]


LEI 04. Type of ESG information used in investment decision (Not Completed)


LEI 05. Information from engagement and/or voting used in investment decision-making (Private)


(A) Implementation: Screening

LEI 06. Types of screening applied

06.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。

スクリーニングの種類

スクリーニング実行者

説明

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. スクリーニング基準の設定方法、基準の見直し頻度、基準の変更を顧客や受益者に通知する方法について説明してください。

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. 補足情報。 [任意]


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

07.1. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

07.2. 補足情報。 [任意


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


(C) Implementation: Integration of ESG issues

LEI 10. Review ESG issues while researching companies/sectors

10.1. アクティブ戦略において企業やセクターを調査する際、ESG問題を見直しているかどうかについて記載してください。

ESG問題

これらの問題の見直しの対象および程度について説明してください

E(環境)

Environmental

S(社会)

Social

コーポレートガバナンス

Corporate Governance

10.2. 補足情報。 [任意]

HMC portfolio managers identify and research ESG risk factors that are relevant and material to their investment decisions on a case-by-case basis.


LEI 11. Processes to ensure integration is based on robust analysis (Not Completed)


LEI 12. Aspects of analysis ESG information is integrated into (Private)


Top