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Zürcher Kantonalbank

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


For all actively managed listed equities (in funds & mandates):

Exclusion of controversial weapons


Sustainable Investments:

=> Anthropogenic climate change

  • Extraction of fossil fuels
  • Operation of fossil-fuel power stations
  • Production of cars and aircrafts
  • Airlines

=> Endangerment of the Earth's atmosphere

  • Production of substances that deplete the ozone layer

=> Loss of biodiversity

  • Not sustainable forestry 
  • Not sustainable fishery and fish farming
  • Not sustainable palm-oil plantations
  • Genetic engineering

=> Threat to society and health

  • Nuclear energy
  • Production of arms and war material
  • Production of tobacco and smoking
  • Exploitative child labour

Screened by


The application of the exclusion criteria is followed by a sector analysis: The aim is to extract those companies in their respective industries and regions that set an example by excelling at taking responsible actions in terms of environmental protection, social and governance issues. The selection of is based on a multi-step process. The quantitative analysis compares roughly 50 environmental, social and corporate governance indicators. The data is obtained from specialized providers (such as Asset4, Trucost, MSCI ESG Research & Governance Metrics or RepRisk). Then, we carry out a qualitative product and sector analysis, which is mainly built on the know-how, experience and industry-specific knowledge of our analysts.

The sector analysis is followed by a fundamental stock analysis with a strong focus on companies with a high "sustainability impact". The following investment opportunities were defined: Energy: Renewable energy, energy efficiency. Sustainable Mobility: Public transport, Individual transport. Knowledge: Education/Research, Interlinking. Health: Access to basic health supply, Preservation of health. Finance: Access to financial services, Financial infrastructure. Resources: Efficient use of water, resource efficiency.

Screened by


Our positive screening indictors encompass a broad range of different sustainabilty norms (in German):


  • Biodiversitätskonvention (CBD) inkl. Nagoya-Protokoll über den Zugang zu genetischen Ressourcen und gerechten Vorteilsausgleich
  • Cartagena-Protokoll über die biologische Sicherheit
  • International Tropical Timber Agreement (ITTA, 1983)
  • Washingtoner Artenschutzübereinkommen (CITES)
  • Klimarahmenkonvention (UNFCCC) inkl. Kyoto-Protokoll
  • GHG-Protokoll
  • Montrealer Protokoll über Stoffe, die zu einem Abbau der Ozonschicht führen
  • Stockholmer Konvention über langlebige organische Schadstoffe (POP-Übereinkommen)
  • REACH Europäische Chemikalienverordnung
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact


  • ILO-Kernarbeitsnormen (u.a. Arbeitsbedingungen, Kinder-, Zwangsarbeit)
  • Menschenrechtsabkommen der UNO (u.a. Freiheits-, Sozialrechte, politische Rechte,Sicherheit, Würde)
  • Genfer Abkommen zu humanitärem Völkerrecht
  • UNO-Abkommen zu konventionellen, geächteten Waffen
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact


  • Internationale Corporate Governance Network (ICGN)
  • OECD-Grundsätze der Corporate Governance
  • UN-Konvention gegen Korruption
  • Internationale, nationale Strafgesetze
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact

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.

Screening Criteria are developed by our internal specialized departement (ESG-solutions team) together with external experts and are regularly (at least once a year) revised. Changes are published on homepage, factsheets and through other channels.

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.

          Zürcher-Kantonalbank RI Advisory Committee constantly checks whether the securities in the sustainable funds satisfy Zürcher-Kantonalbank's strict sustainability requirements and contributes to the maintenance and promotion

07.2. Additional information. [Optional]

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