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Voya Investment Management

PRI reporting framework 2019

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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

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
4 %
Percentage of active listed equity to which the strategy is applied
68 %
Percentage of active listed equity to which the strategy is applied
8 %
Percentage of active listed equity to which no strategy is applied
20 %
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.

At Voya Investment Management, intensive research, disciplined processes, and expert portfolio construction are the foundation of our commitment to reliable investing. With an emphasis on fundamental research and risk management, we aim to help our clients’ meet their long-term investment objectives with confidence.

We understand that environmental, social and governance (ESG) factors can impact the investment risk and return profiles of our investments. As fiduciaries, we incorporate relevant factors, including these, into our analysis of the long-term performance outlook of a company and the value of its securities. Depending on the particular situation, as part of our assessment of a company’s value, prospects and financial condition, we may consider information about many factors, including, among others, those that are considered ESG, such as exposure to regulation or litigation, labor relations, human rights, product quality and safety, reputation, governance practices, executive compensation, reporting and disclosure, community relations, energy costs and climate impact. In general, we focus on those factors likely to have a material effect on the value and performance of a company and its securities over time. Furthermore, our experienced investors have a deep understanding of the companies in which we invest, and we attempt to take into account all the relevant factors that contribute to an informed investment decision.

As part of our values of stewardship and service, Voya Investment Management works closely with clients in order to customize our approach, when necessary and practicable, to meet specific client requirements.

As part of our ESG Investment program, we are systematically working across the firm to advance our understanding and integration of ESG issues. This effort is led by our Head of ESG Investment Strategy, who is a central ESG resource available across investment teams, in coordination with the Investment Committee. Additionally, through the provision of dedicated ESG third party data in addition to education and training for investment staff, we have made much progress. 

For clients where requested, we implement ESG exclusionary approaches. We do not, without direction from clients, implement ESG restrictions. For all active fundamental investments, that are not quantitative, we integrate ESG considerations. 

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 (Private)


(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

Voya Investment Management only applies strict exclusionary screens for our Equity SICAV, which we subadvise on or where directed by clients. We offer the ability to apply screens which, are created by all of the possible screens listed. Voya Investment Management does not screen investments without direction of clients. 

Screened by

Description

Voya Investment Management only applies exclusionary screens where directed by clients, we do not screen all investments for norms-based issues. 

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

As per the question above, Voya Investment Management does not screen investment without specific direction from clients. Therefore, any changes made to screening criteria would come from client 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 (Private)


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the 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

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on a robust analysis.

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

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information.[Optional]


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


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