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Lennox Capital Partners

PRI reporting framework 2019

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

Lennox screens prospective investments using an internally generated process.  A company has to pass both the management and ESG screens in order to be considered investment grade and before the portfolio manager or investment analyst conducts financial analysis on the company.  If a company is not considered investment grade, then Lennox will not invest in that company even if it looks compelling on a financial basis.  Our management and ESG screens gathers information on the following questions:

Management:

  1. Are management suitably experienced and skilled?
  2. Do management understand their business and industry and can they articulate their strategy clearly?
  3. Does the remuneration structure align senior management with minority shareholders?

ESG:

  1. Is the business structure overly complex or opaque?
  2. Does the business have materially negative environmental consequences that may result in regulatory change?
  3. Does the bsuiness have materially negative social consequences that may result in regulatory change?
  4. Is the board independent?
  5. What is female representation on the board?
  6. What is the experience of the board?

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

As our screening forms an integral part of our investment process, we won't make material changes to our screening criteria.  If we enhance or add to our screening criteria, we will notify clients in our monthly correspondence.


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.

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached (Private)


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