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Sound Shore Management, Inc.

PRI reporting framework 2019

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

Description

Assessing and managing investment risk is an essential part of our disciplined fundamental value process.  As a part of the prudent management of our clients’ assets, we aim to actively understand all relevant risks and opportunities including ESG specific factors.

This includes integrating ESG factors into our investment analysis, decisions and processes.  As an owner of equities, we monitor ESG factors and are committed to engaging company managements and their boards, where appropriate, as a way of raising awareness and promoting sustainable shareholder value.

Attractive long-term returns correlate with responsibly managed  companies.  Sound Shore utilizes its influence as an institutional shareholder to encourage companies to think long-term, which includes managing and reporting on their ESG risks.  It is our belief that transparency and disclosure can result in positive change that benefits both shareholders and all stakeholders.

Screening criteria are established on a company-specific basis.  Our research process attempts to isolate issues that can efffect valuation, including the effectiveness of senior executive leadership, revenue and earnings  growth drivers, deployment of capital, compensation alignment, transparency, governance (such as related party conflicts), and corporate strategy. 

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

Sound Shore's investment process has remained unchanged since our 1978 founding.  Any changes to screening criteria would be made as part of our regular client communication.


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.

          Meetings with management to discuss company-specific responsible factors.
        

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 (Private)


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