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ACTIAM

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
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

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

All investments and current holdings are screened based on the ACTIAM Fundamental Investment Principles. This policy constitutes a negative and norms-based screening method. Furthermore, positive screening is applied to a selection of portfolios and based on several themes: climate change, water, land, living and health, and vitality.

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

Companies with exposure to renewable energy production receive a positive analyst score, which increases the companies' ESG score. In our active portfolios, where we steer on an ESG score that is as high as possible, this makes the companies more attractive for investment. We already started with this approach in 2016 and further integrated this into our processes.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

In 2018, we again update our sovereigns policy. Exclusionary screening criteria include being listed on a UN or EU weapons embargo list, being 'not free' in Freedom House reports, and World Bank governance indicators. Furthermore, a country being defined 'partly free' is individually assessed. 

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

Companies that issue a green, social or sustainable bond are analysed according to our green bonds policy. If the bond is considered green by ACTIAM, the bond is assessed according to our framework. Resulting this assessment, the bond an ACTIAM ESG score. An average, this score is higher than the score of a "grey" bond from the same issuer. The framework can be found on our website: https://www.actiam.com/siteassets/2_oplossingen/documenten/nl/opl_oblassessment_gbsben.pdf

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

Our Fundamental Investment Principles for companies apply to all investments and cover all UNGC as well as additional criteria. See https://www.actiam.com/siteassets/4_verantwoord/documenten/en/ri_fundamental_investment_principles_companies.pdf

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

Companies with high performance on E, S and G issues receive a high(er) ESG score, which increases the attractiveness (under similar risk and returns) for investment in our active portfolios.

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?

other description

          in case of mandates and structured loans, additional (desk) research is done
        
Positive/best-in-class screening
Norms-based screening

06.2. Additional information. [Optional]


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