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Raiffeisen Capital Management

PRI reporting framework 2018

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (C) Implementation: Integration

(C) Implementation: Integration

FI 11. Integration overview

11.1. Describe your approach to integrating ESG into traditional financial analysis.

We use a proprietary model to evaluate each company. This is measured by the "Raiffeisen ESG Score". We systematically try to maximise this Raiffeisen ESG Score for all dedicated sustainability products.

In the Raiffeisen ESG Scorecard sustainability information i.e. the Raiffeisen ESG Score is integrated as well as financial information.  When it comes to portfolio construction and decisions upon weighting of specific issuers, the Raiffeisen ESG Score plays a crucial role.

For the mainstream products the Raiffeisen ESG Score is not calculated yet. For those products exclusions only are applied so far.

11.2. Describe how your ESG integration approach is adapted to each of the different types of fixed income you invest in.

SSA

The basic set up of two different ESG rating partners delivering detailed ESG data is the same for all asset classes. For SSAs the criteria set differs compared to corporate issuers.

 

Corporate (non-financial)

Our ESG approach is the same for all corporates and relates to the issuing corporate, therefore there are no adaptations necessary for Corporates (non-financial).

 

11.3. Additional information [OPTIONAL]


FI 12. Integration - ESG information in investment processes

12.1. Indicate how ESG information is typically used as part of your investment process.

Select all that apply
SSA
Corporate (non-financial)
ESG analysis is integrated into fundamental analysis
ESG analysis is integrated into security weighting decisions
ESG analysis is integrated into portfolio construction decisions
ESG analysis is a standard part of internal credit ratings or assessment
ESG analysis for issuers is a standard agenda item at investment committee meetings
ESG analysis is regularly featured in internal research notes or similar
ESG analysis is a standard feature of ongoing portfolio monitoring
ESG analysis featuresĀ in all internal issuer summaries or similar documents
Other, specify

12.2. Additional information [OPTIONAL]


FI 13. Integration - E,S and G issues reviewed

13.1. Indicate the extent to which ESG issues are reviewed in your integration process.

Environment
Social
Governance
SSA

Environmental

Social

Governance

Corporate (non-financial)

Environmental

Social

Governance

13.2. Please provide more detail on how you review E, S and G factors in your integration process.

SSA

For dedicated sustainability portfolios, which also include SSAs, investment decisions are based on the Raiffeisen ESG Scorecard. This Scorecard integrates ESG information as well as financial information at the same time.

For mainstream portfolios ESG integration is not implemented yet.

Corporate (non-financial)

For dedicated sustainability portfolios, which also include Corporate bonds, investment decisions are based on the Raiffeisen ESG Scorecard. This Scorecard integrates ESG information as well as financial information at the same time.

For mainstream portfolios a basic exculsionary screen is applied, but ESG integration is not implemented yet.

 

13.3. Additional information.[OPTIONAL]


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