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Itaú Asset Management

PRI reporting framework 2017

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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

Screening applies only to a single product that represents less than 5% of our Listed Equities - Active Strategies. Negative screening is applied to nuclear power, tobacco, alcoholic beverages and the defense industry. 

Screened by

Description

Screening applies only to a single product that represents less than 5% of our Listed Equities - Active Strategies. Positive screening entails listing on ISE (Sustainability Index). The index selects companies based on criteria marked in the above answer.

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.

Our ESG active equities product has a Board of Advisors made of external members who are specialists in ESG. This board establishes the screening criteria for the fund and may approve additions / removals of specific companies based on recommendations from the ESG analyst. This is done on a yearly basis. 


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

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

07.2. Additional information. [Optional]

Screening applies only to our ESG active equities product and has very specific criteria (negative: product / positive: listing on ISE), therefore the research and approval process are straightforward. 


LEI 08. Processes to ensure fund criteria are not breached

08.1. Indicate which processes your organisation uses to ensure fund criteria are not breached

08.2. If breaches of fund screening criteria are identified - describe the process followed to correct those breaches.

Automated IT system prevents investment in excluded stocks. In case of a new exclusion has been determined the fiduciary department regularly monitors compliance with fund mandates.

08.3. Additional information.[Optional]


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