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Fiera Capital Corporation

PRI reporting framework 2017

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(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


A company will be deemed ineligible if it derives more than 10% of its revenue, either directly or indirectly, from the following products or services: Adult Entertainment, Alcohol, Firearms, Gambling, Military Contracting, Nuclear Power, Tobacco.

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 criterias have been established in concert with a group of Fiera's clients and a consultant that share common values around these activities. They have been in place for more than 15 years. By setting a maximum limit of 10% we establish a threshold for companies having significant operations in the products or services deemed unethical (pure-play) versus companies with minor implications in the products or services through subsidiaries or complex ownership structures.

We review the screened companies on a quarterly basis, and clients may have access, upon request, to the details when changes are made.

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]

The screens were previously performed by Sustainalytics. The company is a pioneer in research on environmental, social and governance issues and on responsible investments in general. With over 130 employees, including 70 analysts, they have the process in place to insure the quality of the research and the robustness of the screening provided to Fiera Capital.

At the end of 2016, we changed our partnership from Sustainalytics to MSCI ESG Research. Starting in 2017, the screen will now be done using MSCI.

Also, the list of screened companies is reviewed on a quarterly basis by the CIO Office to ensure that the sectors of activities/product involvement of the companies deemed ineligible correspond to the reality of the company's operations.

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