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Danske Bank

PRI reporting framework 2019

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(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

We apply group-wide investment restrictions based on Danske Bank Group's sustainability positions on ‘Climate Change’ and ‘Arms & Defence.’

In March 2018 a group-wide investment restriction on Thermal Coal and Tar sand was implemented: https://danskebank.com/news-and-insights/news-archive/news/2018/27022018a

We screen to identify companies in the investment universe with potential ESG-related risks. The identified ESG risks are analysed and incorporated into our investment processes and dialogues with portfolio companies.

We use screening to apply investment criteria and thresholds for restricted products and solutions in order to meet our customers’ specific values and preferences.

Screened by

Description

Our European Corporate Sustainable Bond Fond uses a best-in-class screening, where at least 25% aims to be invested in bonds with a rating of Baa3/BBB- or higher.

Companies, which measured in a sustainability perspective is on the forefront of the development in their sector, forms the basis of the fund composition. This is done by investing in companies that in a ESG perspective is among the best half. Among these companies the best quartile is preferred. The fund invests in the best half of the companies that are active in sectors with high CO2-emission. There is room for up to 10% "watch list cases" in the fund. These are companies that do not meet the above criteria, but which we believe to have the potential for improvement. Through dialog with the companies they are expected to make improvements, otherwise they are sold out of the bond portfolio.

Invests primarily in corporate bonds issued by companies that have a strong sustainability profile in regards of environmental, social and governance, and integrates sustainable awareness about climate change and CO2-carbon economy. Each issuer must comply with international principles for responsible investments, and may not invest in controversial sectors.

Screened by

Description

We screen our investment universe to identify ESG risks related to portfolio companies with reference to industry best practice, international norms and voluntary frameworks for corporate responsibility.

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

Our group-wide investment restrictions are reviewed annually and all changes are communicated on our website. Furthermore, our portfolio managers are part of this process in order to ensure that clients and beneficiaries are notified

 


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)


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