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Santander Empleados Pensiones, F.P.

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) 実施:スクリーニング

LEI 04. Types of screening applied

04.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。

スクリーニングの種類

スクリーニング実行者

説明

We exclude companies when they are related to or engage in the following activities:

  • Inappropriate use of nuclear energy
  • Toxic waste related activities
  • Environmental Pollution
  • Child Labour
  • Universal Declaration of Human Rights breachment
  • Child Pornography
  • Manufacturing or sale of a finished product/strategic parts of cluster ammunition, anti-personnel landmines or nuclear weapons
  • Irresponsible advertisement of alcohol, tobacco, pornography or gambling related products

スクリーニング実行者

説明

As it was earlier stated, we obtain an overall ESG rating via a 2-step process. We use the data provided by Vigeo-Eiris and give a greater weight towards the overall score to the indicators that concentrate on the main ESG issues. This same process is repeated but taking into account the impact each indicator has on each of the 11 GICS Sectors in order to obtain a final ESG rating for companies that takes into account both, their overall ESG performance and their sector-specific impact. 

スクリーニング実行者

説明

Some of the indicators that we use to determine the ESG Rating of our companies directly derive from the principles in these conventions.

04.2. スクリーニング基準が変更された場合に顧客や受益者に通知する方法について説明してください。

Screening criteria is established by the ESG/SRI team based on the ESG approach depicted by the Control Commission in the investment policy. The review of the criteria in our investment process is performed on an ad-hoc basis. The Control Comission, governing organ of the pension fund, is notified about the status of the investment policy twice a year and clients and beneficiaries recieve information about the pension fund/any changes to policies every 4 months. 

LEI 05. Processes to ensure screening is based on robust analysis

05.1. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

05.2. ESGスクリーニング戦略の一環で包括的なESG調査の対象となるアクティブ上場株式ポートフォリオの割合を示してください。

05.3. 第三者のESG評価がスクリーニング目的で更新される頻度を示してください。

05.5. 補足情報　[任意]

We update our records from third party ESG information every 4 months. 

LEI 06. Processes to ensure fund criteria are not breached

06.1. ファンドの基準に違反がないことを確認するために組織が使用しているプロセスを記載してください。

06.2. ファンドのスクリーニング基準に対する違反が判明した場合、これらの違反を是正するために従うプロセスを説明してください。

In the case that during our trimestral screening update a company has breached one or more of our exclusion policies, the Control Commision decides whether to start an engagement process with the company or divest from it directly. In case of engagement, a formal letter is sent by the pension fund to the corporation involved asking them for information regarding the incident, giving them the right to defend their position and enquiring about the incident that has led them to this situation. If the result from this process is negative, the pension fund divests from the company. The list of excluded companies is sent to the fund managers who have 6 months to divest in such a way that does not affect the value of the portfolio. 

06.3. 補足情報 [任意]

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