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Sompo Asset Management Co., Ltd.

PRI reporting framework 2019

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Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

Screening based on ESG

Specify the percentage reduction (+/- 5%)

50 %

Select which of these effects followed your ESG integration:

12.2. Additional information.[Optional]


LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. Provide examples of ESG issues that affected your investment view and/or performance during the reporting year.

ESG factor and explanation

This is a case of a big automobile manufacturing company. As it turned out that its board members conducted fraudulent practices, we reevaluated its corporate value. As a result, in our ESG integrated portfolios, we continued to invest in the company as we thought its stock price was still cheaper than its actual value. In our ESG positive screening portfolios, we sold off the position as the company’s score did not meet our investment criteria as we lowered its evaluation.

 

 

ESG incorporation strategy applied Screening|Integration

Impact on investment decision or performance

Its impact to our portfolio was minor for both ESG integrated portfolios and ESG positive screening portfolios.

ESG factor and explanation

This is a case of a supplier for automobile manufacturing company. We reevaluated its corporate value as it sold products that did not meet Japanese product criteria. As a result, we sold off the position and we deleted the company from our investment universe as we thought that the company’s actual corporate value was much lower before the incident and that the company’s sustainability might be impacted by the incident in terms of its credit.

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Its impact to our portfolios was minor.

ESG factor and explanation

This is a case of a Japanese regional bank. As it turned out that the company conducted fraudulent practices for financing procedures, we reevaluated its corporate value. As a result, we sold the position off since we thought that the company’s actual corporate value was much lower before the incident.

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Its impact to our portfolios was minor.

13.2. Additional information.[Optional]


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