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RBC Global Asset Management

PRI reporting framework 2017

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » Implementation processes

Implementation processes

FI 04. Incorporation strategies applied

04.1. Indicate 1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and 2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.

SSA
0 Screening alone
1.0 Thematic alone
90.3 Integration alone
8.7 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (financial)
0 Screening alone
1.3 Thematic alone
83.7 Integration alone
15.0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%
Corporate (non-financial)
0 Screening alone
1.0 Thematic alone
67.7 Integration alone
31.3 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

04.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

We believe that ESG factors can impact the financial performance of the corporate and sovereign issuers in which we invest. We integrate ESG factors within our investment processes with the aim of enhancing our pricing and management of risk. BlueBay is particularly advanced in its fixed income ESG integration and we are working on further developing or improving the processes of our other fixed income teams to fully integrate ESG factors.

A combination of screening and integration is applied to our designated socially responsible strategies. These strategies have been specifically designed to screen out companies that manufacture products and/or provide services that socially responsibe investors may wish to avoid, or have poor ESG practices . In addition to a negative screen, integration is used to assess the remaining companies to ensure that relevant ESG factors are appropriately addressed.

Thematic alone is used in our Access Capital Community Investment strategy, an investment solution offered through our U.S. operations to U.S. clients. Access Capital aids underserved communities while seeking to earn a market rate of return through the support of low and moderate income home buyers, affordable rental housing, small business administration loans and economic development projects.

04.3. Additional information [Optional].


FI 05. ESG issues and issuer research

05.1. Indicate which ESG factors you systematically research as part of your analysis on issuers.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Environmental data
Social data
Governance data

05.2. Indicate what format your ESG information comes in and where you typically source it

Indicate who provides this information  

Indicate who provides this information  

Indicate who provides this information  

Indicate who provides this information  

Indicate who provides this information  

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

We have engaged a number of external research firms to provide specialized ESG research which we use in conjunction with our own internal analysis. This research provides us with information on ESG risks and opportunities relevant to specific issuers, industries, and countries and also provides us with broad-based thematic research relevant to general ESG themes.

BlueBay uses combination of internal and external resources for ESG-related data, which comes from a range of stakeholders.

05.4. Additional information. [Optional]


FI 06. Processes to ensure analysis is robust

06.1. Indicate how you ensure that your ESG research process is robust:

06.2. Describe how your ESG information or analysis is shared among your investment team.

          BlueBays ESG function actively participates in cross-desk sector analyst forums to share insights and views, and have ad-hoc interaction with analysts/portfolio managers.
        

06.3. Additional information. [Optional]

Our investment teams are at varying stages in developing their ESG integration processes. All of our investment teams have access to comprehensive ESG research and are incorporating ESG factors into their investment decision making. Further, we integrate ESG scores into our standard and proprietary trade management software/applications. BlueBay has a framework to assess ESG investment risk and incorporates ESG information as a standard item in issuer investment related documentations in its private debt business.


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