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Birta lifeyrissjodurinn

PRI reporting framework 2019

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income

ESG incorporation in actively managed fixed income

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
0 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
100 No incorporation strategies applied
100%
Corporate (non-financial)
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

Mainly screening due to lack for resources and domestic fixed income options.

 

 

01.3. Additional information [Optional].

Regarding SSA fixed income, we invest heavily in Icelandic Government bonds and don't exactly screen the Icelandic government on ESG issues, although we fully assume that the government behaves in ways that are in accordance with ESG standards, for example, the Icelandic government has selected a number of UN Sustainable goals on which they are going to emphasize on.


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

          Should a member of the investment committee reach any findings, other members, along with the fund's management would be informed.
        

03.3. Additional information. [Optional]

Due to lack of resources, manpower and the fact that formal ESG issues are relatively new to the Icelandic investment environment, we do not do (nor are provided with) "systematic research" on issuers, but we fully assume that they incorporate ESG issues in their operations. Should we find out that that was not the case, we react accordingly on an ad-hoc basis.


(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
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

Due to lack of resources, manpower and the fact that formal ESG issues are relatively new to the Icelandic investment environment, we do not do (nor are we provided with) "systematic research" on issuers, but we fully assume that they incorporate ESG issues in their operations. Should we find out that that was not the case, we react accordingly on an ad-hoc basis.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Not Completed)


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?
Norms-based screening

06.2. Additional information. [Optional]


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