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Zürcher Kantonalbank

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) 実施:スクリーニング

LEI 04. Types of screening applied

04.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。

スクリーニングの種類

スクリーニング実行者

説明

1. Exclusion criteria for all actively managed listed equities (in funds & mandates):

Exclusion producers of controversial weapons:

  • Anti-personnel landmines
  • Biological and chemical weapons
  • Nuclear weapons
  • Small and light arms
  • Munitions and explosives for weapons
  • Cluster bombs and cluster munition

2. Exclusion criteria for sustainable Investments:

2.1 Exclusion criteria for our product-line "Sustainable"

=> Anthropogenic climate change 

  • Companies with coal reserves
  • Extraction of fossil fuels
  • Operation of fossil-fuel power stations
  • Production of cars and aircrafts
  • Airlines 

=> Endangerment of the Earth's atmosphere

  • Production of substances that deplete the ozone layer

=>Loss of biodiversity

  • Not sustainable forestry
  • Not sustainable fishery and fish farming
  • Not sustainable palm-oil plantations
  • Genetic engineering

=> Threat to society and health

  • Nuclear energy
  • Production of arms and war material
  • Production of tobacco and smoking products
  • Production of alcohol (turnover threshold 5%)
  • Gambling (turnover threshold 5%)
  • Child labour (own operations)
  • Pornography

2.3 Exclusion criteria for our product-line "Responsible"

=> Anthropogenic climate change

  • Companies with coal reserves

=>Loss of biodiversity

  • Genetic engineering

=> Threat to society and health

  • Nuclear energy
  • Production of arms and war material
  • Production of tobacco and smoking products
  • Production of alcohol (turnover threshold 5%)
  • Gambling (turnover threshold 5%)
  • Child labour (own operations)
  • Pornography

スクリーニング実行者

説明

For our product-line "Sustainable" we apply a positive/best-in-class screening

The application of the exclusion criteria is followed by a sector analysis: The aim is to extract those companies in their respective industries and regions that set an example by excelling at taking responsible actions in terms of environmental protection, social and governance issues. The selection of is based on a multi-step process. The quantitative analysis compares roughly 50 environmental, social and corporate governance indicators. The data is obtained from specialized providers (such as Asset4, Trucost, MSCI ESG Research & Governance Metrics or RepRisk). Then, we carry out a qualitative product and sector analysis, which is mainly built on the know-how, experience and industry-specific knowledge of our analysts.

 

スクリーニング実行者

説明

Our positive screening indictors (product line "Sustainable" and "Responsible") encompass a broad range of different sustainabilty norms (in German):

E:

  • Biodiversitätskonvention (CBD) inkl. Nagoya-Protokoll über den Zugang zu genetischen Ressourcen und gerechten Vorteilsausgleich
  • Cartagena-Protokoll über die biologische Sicherheit
  • International Tropical Timber Agreement (ITTA, 1983)
  • Washingtoner Artenschutzübereinkommen (CITES)
  • Klimarahmenkonvention (UNFCCC) inkl. Kyoto-Protokoll
  • GHG-Protokoll
  • Montrealer Protokoll über Stoffe, die zu einem Abbau der Ozonschicht führen
  • Stockholmer Konvention über langlebige organische Schadstoffe (POP-Übereinkommen)
  • REACH Europäische Chemikalienverordnung
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact

S: 

  • ILO-Kernarbeitsnormen (u.a. Arbeitsbedingungen, Kinder-, Zwangsarbeit)
  • Menschenrechtsabkommen der UNO (u.a. Freiheits-, Sozialrechte, politische Rechte,Sicherheit, Würde)
  • Genfer Abkommen zu humanitärem Völkerrecht
  • UNO-Abkommen zu konventionellen, geächteten Waffen
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact

G:

  • Internationale Corporate Governance Network (ICGN)
  • OECD-Grundsätze der Corporate Governance
  • UN-Konvention gegen Korruption
  • Internationale, nationale Strafgesetze
  • OECD-Leitsätze für multinationale Unternehmen
  • UN Global Compact

04.2. スクリーニング基準の設定方法、基準の見直し頻度、基準の変更を顧客や受益者に通知する方法について説明してください。

Screening Criteria are developed by our internal specialized departement (ESG-solutions team) together with external experts and are regularly (at least once a year) revised. Changes are published on our homepage, factsheets and through other channels (e.g. Eurosif Transparency Guidelines).


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

05.1. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

          Zürcher-Kantonalbank RI Advisory Committee constantly checks whether the securities in the sustainable funds satisfy Zürcher-Kantonalbank's strict sustainability requirements and contributes to the maintenance and promotion
        

05.2. ESGスクリーニング戦略の一環で包括的なESG調査の対象となるアクティブ上場株式ポートフォリオの割合を示してください。

05.3. 第三者のESG評価がスクリーニング目的で更新される頻度を示してください。

05.4. 組織のESGスクリーニングを構築するための組織内リサーチを精査する頻度を示してください。

05.5. 補足情報 [任意]


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


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