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Keva

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.

According to our investment philosophy, stocks are selected based on several quality criterion, one of which is the management of ESG issues and thus ESG evaluation is intergrated directly in our investment process. Furthermore, we use screening and research by an external advisor, service provider to complement our own resources. In addition to our active portfolios, we also apply ESG screening to our passive strategy (42% of internally managed equities).

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

Management of ESG issues of a company is evaluated in our stock selection process and thus integrated in the decision making. All active and passive portfolios are screened twice a year by an external service provider to ensure information on new possible ESG violations.


LEI 04. Type of ESG information used in investment decision

04.1. Indicate what ESG information you use in your ESG incorporation strategies and who provides this information.

Type of ESG information

Indicate who provides this information 

Indicate who provides this information 

Indicate who provides this information 

04.2. Provide a brief description of the ESG information used, highlighting any differences of sources of information across your ESG incorporation strategies.

Company and sector research by sell side analysts is extensively used. Furthermore, other public information on company web-pages (eg. sustainablity reports), company meetings and discussions with company management increase insight to company culture and processes. External service provider analyzes companies and sectors and provide their information on violations and their engagement with the companies.

04.3. Indicate if you incentivise brokers to provide ESG research.

04.5. Additional information.[Optional]

Brokers are incentivised by ranking the quality of their research - thus including indirectly ESG research


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

05.1. Indicate if your organisation has a process through which information derived from ESG engagement and/or (proxy) voting activities is made available for use in investment decision-making.

05.2. Additional information. [Optional]

We have access to the research portal and weekly alerts issued by our external ESG research and service provider. Furthermore, twice a year the external ESG service provider screens our portfolios and reports us the violations, the engagement activities and discussions with these companies as well as any progress. All this information is passed to portfolio managers and made available on our intranet immediately.


(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

The portfolios are screened twice a year by the external service provider who does global research as well as engagement on companies, sectors and countries and the screening is based on their classification and recommendations

Screened by

Description

The portfolios are screened twice a year by the external service provider who does global research as well as engagement on companies, sectors and countries and the screening is based on their classification and recommendations

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 external service provider has establised the criterion for the classification of violations and the recommendations are based on these criterion. The review of criterion as well as research on companies, sectors and countries is a continous process. The screenings of the portfolios are run twice a year.


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

08.1. Indicate which processes your organisation uses to ensure fund criteria are not breached

08.2. If breaches of fund screening criteria are identified - describe the process followed to correct those breaches.

When a new company is identified and reported to have breached ESG criteria, we have defined a process in our ESG poliicy: According to this policy, further investments are not made on the company shares, we start engament immediately by studing the case, contacting the violating company and discussing the violation, the policy and the actions of the company. If the engagement is considerd ineffective on the company's practices or policies, the company will be excluded from the investment universe and the holdings  will be sold. Only if and when the company will be reported to have made corrective actions, we can invest again on the company.

08.3. Additional information.[Optional]


(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]


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

11.1. Indicate which processes your organisation uses to ensure ESG integration is based on a robust analysis.

11.2. Describe how ESG information is held and used by your portfolio managers.

11.3. Additional information.[Optional]


LEI 12. Aspects of analysis ESG information is integrated into

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

12.1. Indicate which aspects of investment analysis you integrate ESG information into.

12.5. Additional information.


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