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ABN AMRO Bank N.V.

PRI reporting framework 2017

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 03. Percentage of each incorporation strategy

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

03.1. Indicate (1) which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities and (2) the breakdown of your actively managed listed equities by strategy or combination of strategies (+/- 5%)

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied
100 %
Total actively managed listed equities 100%

03.2. Describe your organisation’s approach to incorporation and the reasons for choosing the particular ESG incorporation strategy/strategies.

ABN AMRO's Sustainable Investment Policy describes the ESG Integration approach in detail.

By excluding companies involved in controversial weapons (Controversial Weapons List - CWL) ABN AMRO uses a more extensive definition of controversial weapons than the definition in the Dutch law.

Companies are also screened on compliance with UN Global Compact Principles. The bank will start engagement processes with companies that are breaching the Principles and parnered with an external provider to start joint engagement procecedures.

All (listed) companies have an ESG Indicator that is available to portfolio managers and analysts.

03.3. Where assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]

In order to facilitate a best-in-class sustainability selection, a sustainability indicator (the "ABN AMRO Sustainability Indicator") has been developed exclusively for ABN AMRO. This indicator provides transparency on the level of sustainability of a certain investment security based on a large number of ESG measurements, exposure of companies to controversies and lack of relevant policies in high risk sectors and certain countries and/or regions.


LEI 04. Type of ESG information used in investment decision (Private)


LEI 05. Information from engagement and/or voting used in investment decision-making (Private)


(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

Companies and countries mentioned on exclusion lists may be banned from all investment services and products, as explained in the Sustainability Risk Policy. ABN AMRO has implemented several exclusion lists, of which the Controversial Weapons List and Soft-Exclusion List apply for investments.

 

Screened by

Description

ABN AMRO considers investments “Sustainable Investments” when certain criteria are met. The criteria are a combination of 1) positive selection criteria and/or a sustainable portfolio and/or externally verified or certified Sustainable assets and 2) exclusions.

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.

The screening criteria are described in the ABN AMRO's Sustainable Investment Policy. After a decision ABN AMRO has a three month period to 1) sell the companies occurring on the exclusion lists, 2) to modify its advisory tools and services and 3) to contact clients for selling their positions in these companies.


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]

ABN AMRO developed a sustainable investment policy which incorporate the above elements and give guidance to staff on sustainable and responsible investing. We are in continuous dialogue with our data provider (Sustainalytics) as well as with our partner for engagements (RobecoSAM). As such we continuously keep our information up to date. 

Furthermore, we review our Controversial Weapons List on a monthly basis as well as our Sustainability Indicator. The Investment Engagement Committee meets on a quarterly basis for frequent decision making. When necessary extra meetings can be scheduled. 


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


(C) Implementation: Integration of ESG issues

LEI 10. Review ESG issues while researching companies/sectors

10.1. Indicate if E, S and G issues are reviewed while researching companies and/or sectors in active strategies.

ESG issues

Coverage/extent of review on these issues

Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

10.2. Additional information. [Optional]

ABN AMRO has developed the following methodology for determining the ABN AMRO Sustainability Indicator:
1. Based on a number of relevant ESG aspects for that company, an ESG score on a scale from 1 to 100 will be calculated.
2. The company’s score is ranked relative to its peers in an industry group resulting in a Sustainability Indicator on a scale from one (poor) to five (excellent): poor-weak-moderate-good-excellent.
3. If a company is in breach of the Global Compact principles, this company will be downgraded - depending on how severe the controversy is - by one or more levels: one level for Category 3 controversies, by two levels for Category 4 controversies and to the lowest level (poor) for Category 5 controversies.
4. If a company in a high risk sector lacks any required policy (e.g. an environmental policy for mining companies), this company will be downgraded by one level.


LEI 11. Processes to ensure integration is based on robust analysis (Private)


LEI 12. Aspects of analysis ESG information is integrated into (Private)


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