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Eurizon Capital SGR

PRI reporting framework 2017

Export Public Responses

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

other (1) description

          cluster munition convention and anti-personnel mine convention
        

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

As an overarching strategy, we adopt a screening approach for companies involved in the production or distribution of cluster bombs and landmines, convinced that they undermine the fundamental human rights.

This exclusion is applied to all our active funds, while for funds with a benchmark, the fund managers cannot invest exceeding the percentage of the benchmark itself.

We believe that ESG issues are often materially reflected in the stock price and the sustainability of the business of our invested companies. Therefore, we took an approach of integrating  environmental, social and governance (ESG) issues into investment analysis and decision-making across the full range of assets.

On a monthly base,  the ESG Quant Team and the Sustainability office issue a list of companies with very low ESG rating and or with sever controversies deemed able to affect the reputational and risk-reward profile of each company. The list is made public internally on the internet and it is used by all our portfolio managers and analysis to make investment decisions. ESG considerations and rating are also embedded in our investment cases documents. This way, our buy, sell and hold decisions are linked to our investment philosophy pillars.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.4. Additional information [Optional].

We have always believed that companies conducting their business in ethical, responsible and sustainable manner are more likely to succeed over time benefiting both our customers and the Society.

It has been in our DNA for the last 20 years. Already in 1997 we launched the first Ethical Funds in Italy, and first in the world, in early 2000, we commissioned a customized SRI fixed income benchmark. We believe in encouraging greater transparency and better corporate behaviours as a way to help reduce the risk and enhance the long-term value for our clients. We have then practiced soft engagement with several companies held in our ethical international portfolios.

Within the last two years we have decided to integrate environmental, social and governance (ESG) issues into investment analysis and decision-making across the full range of assets as we believe in their materiality in the stock price as much as in the environment and the society.

Our long history of SRI investing is based on the belief that we can and must offer solutions to our clients’ growing awareness on environmental and social issues.

Our approach to stewardship and active ownership draws on our conviction that investors' fiduciary responsibilities go beyond capital allocation decisions as our influence can be used to drive strong sustainability performance, which we believe delivers improved long-term returns.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Eurizon Capital issues a 50 pages detailed protocol procedure to manager conflict of interest established in 2002 to preserve the autonomy desicion making while investing for our clients.

https://www.eurizoncapital.it/scriptWeb40/eurizonweb/eurizon/it/la-societa/corporate-policies/politica-gestione-conflitti-interesse.jsp

 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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