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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

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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
0 Thematic alone
100 Integration alone
0 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
0 Thematic alone
100 Integration alone
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
0 Thematic alone
100 Integration alone
0 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.

In investments based on our credit-picking model our philosophy is based on fundamental analysis of the issuers and bond selection. Our in-house analysis means that our portfolio managers analyse the issuers. It is logical for us to fully integrate ESG analysis into our issuer analysis and investment process. As such ESG analysis is an integrated part of the investment analysis that our portfolio managers perform. Our ESG analysis leads to a company specific score that is reviewed regularly and the distribution of scores for each mutual fund is published monthly.

ESG analysis helps us to get a full picture of various elements of risks for an issuer and brings important risk factors to the consideration of the total risk level of the issuer. We engage with the issuers via e-mail and in meetings, when we need additional information on ESG.

In SSA, our investment universe consists of euro denominated bonds, mainly issued by EU/OECD based issuers. We consider ESG aspects in our investment criteria, particularly when looking outside our main investment universe. We also discuss ESG themes with issuers when meeting them for instance during road shows.

04.3. Additional information [Optional].


FI 05. ESG issues and issuer research (Private)


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.

06.3. Additional information. [Optional]

All information relevant to the investment decision, including ESG issues, are stored in a database available to all portfolio managers. We don't have a formal investment committee, instead ESG issues are discussed in team meetings when deemed necessary for the investment decision or review. We also have active communications with issuers on ESG issues.


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