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Imara Holdings Limited

PRI reporting framework 2018

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

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

01.1. 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 200%

01.2. Describe your organisation’s approach to incorporation and the reasons for choosing the particular ESG incorporation strategy/strategies.

We are a bottom-up investment boutique so integration, that is, analysis within individual investment decisions, is easily incorporated.  

In Africa there are perhaps 120 investible companies in our investment universe, so integration is easily done.

In addition to integration we have now added an ESG database for companies on our watchlist, this database allows us to score companies on various ESG factors, in our final allocation we then prefer companies within a country or sector that have better ESG scores. 

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

Screening and Integration occurs during regular visits and in the investment process. ESG is intergrated into our process by a list of qualitative factors. In addition to this we have now added an ESG database for companies on our watchlist, this database allows us to score companies on various ESG factors, in our final allocation we then prefer companies within a country or sector that have better ESG scores. This database is available upon request for clients 

 

 


LEI 02. Type of ESG information used in investment decision (Private)


LEI 03. Information from engagement and/or voting used in investment decision-making (Private)


(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

We have a standard questionnaire we send out to management teams and we maintain a database of ESG scores. Governance in particular is important to us. ESG intergration and positive screening is used in all portfolios. 

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.

Screening criteria established through experience as well as investor education through time in liason with some of our clients. We worked closely with a European soveriegn wealth fund to develop our standard list of questions, refining it over time. This information is available to clients upon request. 


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.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]


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


(C) Implementation: Integration of ESG issues

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate which ESG factors you systematically research as part of your investment analysis and the proportion of actively managed listed equity portfolios that is impacted by this analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

The Africa ex-SA universe is small so there is no real need for systematic reviews.

Most of the issues in Africa relate to corporate governance. We try to mitigate this risk through an intelligence network of local offices and by regular company visits over time. We have also built a database and we send a list of standard ESG questions to management teams and investor relations.

 


LEI 09. Processes to ensure integration is based on robust analysis (Private)


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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