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Hannoversche Alterskasse VVaG

PRI reporting framework 2017

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 07. Types of screening applied

07.1. Indicate the type of screening you conduct.

Select all that apply
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

07.2. Describe your approach to screening for internally managed active fixed income

We include criteria such as Product, Activity, Sector, Country/geographic region, environmental social practices and Corporate governance in our screening. For some criteria we allow corporations a percentage share that must not be exceeded (for example not more than 5% turnover in nuclear power plants).

07.3. Additional information. [Optional]

FI 08. Negative screening - overview and rationale

08.1. Indicate why you conduct negative screening.



08.2. Describe your approach to ESG-based negative screening of issuers from your investable universe.

We receive various sustainable criteria from "imug Beratungsgesellschaft", a company that is specialized on ESG-screening. The company awards potential issuers with marks from 1-3. 1 means sustainable, 2 is neutral and 3 is not sustainable. We don't invest in any issuers that are marked worse than 2.

08.3. Additional information. [Optional]

It is possible that a potential issuer is marked with a 2 or even better by "imug Beratungsgesellschaft" but nevertheless we mark them with a 3 (for example Italy breaches against corruption or France against Atomic weapons).

FI 09. Examples of ESG factors in screening process (Private)

FI 10. Screening - ensuring criteria are met

10.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening?

other description

          Comprehensive research is undertaken or sourced to determine issuers' ESG performance.

10.2. Additional information. [Optional]

Additional an independent comittee (our sustainable council) discusses regularly twice a year investment decisions.