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CNP Assurances

PRI reporting framework 2018

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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 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

Since 2008, CNP Assurances has excluded manufacturers of cluster munitions and anti-personnel mines. We exclude companies that do not respect the Global Compact principles, countries that we listed as sensitives and companies that derive more than 15% of their turnover from coal as well as utilities with over 15% of coal-sourced power plants (and 25% for titles already held by CNP Assurances).

Screened by

Description

Equities have been monitored on a quarterly basis since 2006 with ESG analysts at Natixis AM and since 2009 at LBPAM. Constructive dialogue is engaged with investee companies whenever a problem is revealed during the quarterly screening process via our asset managers or during the lead-up to General Meetings. This process is repeated year after year, given the long investment horizons.

When dialogue fails to produce results, other increasingly severe measures may be taken, from not making any follow-up investments to selling the entire stake.

 

04.2. 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 is established with the rating for each company conducted by the SRI team of our asset managers. This rating is submitted quarterly by each asset manager. It explains the evolution of the new analysis and compared with the financial and SRI benchmark. We do not disclose the details of this screening to our policyholders.


LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure screening is based on robust analysis.

          The analysis is done by 2 differents ESG research team (one for each of our asset managers) and they also use extra-financial agency ratings.
        

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

05.5. Additional information. [Optional]

The ESG research teams is present at the quaterly comitee and explain its analysis.


LEI 06. Processes to ensure fund criteria are not breached (Not Completed)


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