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GLG Partners LP

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

Environmental negative screening is applied to the Virgin Climate Change Fund as part of its mandate to be 30% to 50% cleaner than the MSCI Europe index. However, the Firm uses this data to measure and assess environmental/carbon sensitivity to a number of other equity funds though this is accomplished without a specific screen.

Screened by

          Cluster Munitions and Anti-Personnel Mines exclusion list
        

Description

GLG Partners--and its parent Man Group--applies a firm-wide norms-based screen for Cluster Munitions and Anti-Personnel Mines. This master list was conceived and is maintained by ISS-Ethix, imposing ownership thresholds for all firm funds.

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.

Environmental screening for the Virgin Climate Change Fund was established by Virgin and GLG using Trucost data. The criteria is regularly reviewed to assess how it responds to changing prices in carbon and shifting EU political support for a carbon floor.  Because the fund is a retail fund with a very large retail base of clients, the Fund is obliged to notify and receive consent from investors of any/all changes.

As regards to the Firm's Cluster Munitions and Anti-Personnel Mines exclusion screen, the policy was ratified in 2012 and the Master List generated with Ethix implemented in 2013.The Master list is updated on a bi-annual basis. The Firm does not notify clients and/or beneficiaries when changes to the list are made.

 


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]


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


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