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Boston Common Asset Management

PRI reporting framework 2019

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - SSA

On an ongoing basis, we search the bond markets for attractive opportunities that will help us meet the desired risk profile set in our macro policy, and we assemble the resulting securities into a fixed income model portfolio.  We invest the fixed income portion in a diversified portfolio of high-quality, investment grade bonds, most commonly in the Government, Agency, and Corporate bond markets.

In general, we screen for high-quality, investment-grade issuers in whose creditworthiness we have strong confidence.  We assess these securities for their comparative yields, credit support, and unusual features to identify the most attractive issues.  We may seek out specific issuers with improving fundamentals that we believe have higher credit quality than is commonly understood by the markets.  We also review the activities and operations of the issuers to confirm that they pass our standards for environmental, social, and governance performance.

Fixed income - Corporate (financial)

We only manage fixed income assets in US portfolios. We invest in a diversified portfolio of high-quality, investment grade bonds, most commonly in the Government, Agency, and Corporate bond markets.  We seek to add value through: tactical asset allocation decisions regarding the relative attractiveness of stocks and bonds; fixed income sector and duration decisions driven by our macroeconomic outlook; and by our strong fundamental knowledge of the financial position of investment grade corporate issuers.

On an ongoing basis, we search the bond markets for attractive opportunities that will help us meet the desired risk profile set in our macro policy, and we assemble the resulting securities into a fixed income model portfolio.

We assess the purpose for which the funds are being raised:  sustainable purpose makes a bond interesting;  undesirable purpose makes the bond uninteresting even if the issuer is otherwise positive. 

Approximately 10% of our fixed income holdings are in 'green' bonds divided equally between corporate and state issuers.

 

Fixed income - Corporate (non-financial)

Please see the comments above.

16.2. Additional information [Optional].


SG 17. ESG issues for externally managed assets not reported in framework (Not Applicable)


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