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Public Sector Pension Investment Board

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


Filter for legally-binding investment restrictions (trade and economic sanctions) and certain controversial weapon manufacturing and related activities.

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.

PSP Investments is committed to effectively and efficiently implementing legally-binding investment restrictions it is subject to, and any other investment restrictions that may be determined from time to time by the Board of Directors.  Currently, the restrictions apply to issuers engaged in activities related to controversial weapons or subject to trade and economic sanctions. Any issuers that are restricted will be blocked (negative/exclusionary screening) on the trading platform.

The investment restrictions are reviewed periodically and changes are communicated throughout the organization.

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.

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

05.5. Additional information. [Optional]

PSP Investments ensures that the screening of countries and issuers is based on a robust analysis.  With the assistance of service providers, the Responsible Investment Group of PSP Investments undertakes comprehensive research to determine ESG issues.  The research is updated regularly to ensure that portfolio holdings comply with PSP Investments' investment policies.  A periodic review of the quality of research undertaken and provided is also carried out.

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