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La Fran├žaise Group

PRI reporting framework 2019

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

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

We exclude issuers involved in controversial weapons. We also exclude in our Phase 1 issuers that are in the lower quartile.

We exclude in Phase 2, issuers that are in the lower quintile on the basis of an integrated ESG (5 factors) and financial socring.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process

05.1. Provide examples of how ESG factors are included in your screening criteria.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

We exclude 10% of the investment universe for a multi-asset fund (European IG credit, European HY credit and European equity) based our in-house ESG scores (ESG, E, S and G).

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

We have defined a specific Environmental factor that captures the alignment of corporate issuers from high-emitting sectors with the 2 degrees warming scenario. We apply this quant factor in each of the relevant sectors to identify the best-in-class companies, i.e. those with targets and action that put them on a trajectory to 2 degrees. For example, in the airline industry we have identified Easyjet within the low-cost carriers as the leader in terms of climate change alignment.

05.2. Additional information.


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening?
Positive/best-in-class screening

06.2. Additional information. [Optional]


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