Describe how you integrate ESG information into portfolio construction
ESG ratings are part of the research stock guide, that is considered by analysts to make recommendations to portfolio managers. Apart from that, there is a pilot project to monitor ESG ratings of equity portfolios, which startes in 2016.
Describe the methods you have used to adjust the income forecast / valuation tool
As ESG ratings is integrated to BRAM's stock guide, analysts consider potential risks and differentiated performances to influence discount rates and beta, when applicable