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ClariVest Asset Management LLC

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
87.5 %
Percentage of active listed equity to which the strategy is applied
12.5 %
Total actively managed listed equities 100%

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

ClariVest’s commitment to Responsible Investment begins with our investment process, and identifying companies with Environmental, Social and Governance (ESG) issues that we believe have the potential to negatively impact expectations around the company in keeping with our typical expectations horizon (i.e., 6 to 24 months). We identify these companies by obtaining ratings information for a universe of 10,000 stocks with respect to (1) Norms-Based Analysis and (2) Controversial Weapons Analysis.

The Norms-Based Analysis focuses on a company’s adherence to global norms on environmental protection, human rights, labor standards and anti-corruption. The Controversial Weapons Analysis focuses on companies that are involved in the production of weapons banned under international legal instruments, or those that are particularly controversial due to their indiscriminate effects and the disproportionate harm they cause.

The ratings information described above is pushed to Portfolio Managers (PM) at each stage of the investment process, including initial idea screening, investment thesis development, at time of trade and during ongoing portfolio monitoring. We task our investment professionals with making the inherently subjective decision as to whether to invest in a company for which an ESG issue exists. The PM must evaluate the decision from a number of different aspects involving both risk and reward. From a reward aspect, the PM centers his evaluation on the potential impact of the ESG related issue on near to mid-term expectations about the future of the firm being evaluated. From a risk perspective, the PM must consider the risk to the stock-specific investment case, as well as to the systematic risk ramifications of investing (or not investing) in the stock.

With respect to certain accounts, we also apply Screening at the request of the client.

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


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


LEI 03. Information from engagement and/or voting used in investment decision-making (Not Completed)


(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 apply negative/exclusionary screening only at client request/direction.

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.

We apply negative/exclusionary screening only at client request/direction.


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.

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

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.5. Additional information. [Optional]


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


(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]


LEI 09. Processes to ensure integration is based on robust analysis (Not Completed)


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


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