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Schroders

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)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

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

Schroders fully supports the international conventions on Cluster Munitions and Anti-Personnel Mines (APM), and we will not knowingly hold any security that will derive revenue from these sources.  

We also manage some screened fixed income corporate bond funds based on specific client criteria.  

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

The international convention on cluster munitions (the Oslo convention) came into force in 2008, and has subsequently been adopted by various governments within their national legislation. As a result, Schroders has taken the decision to block the purchase of any stock that derives revenue from cluster munitions from our funds globally.

 

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

The international convention on cluster munitions (the Oslo convention) came into force in 2008, and has subsequently been adopted by various governments within their national legislation. As a result, Schroders has taken the decision to block the purchase of any stock that derives revenue from cluster munitions from our funds globally.

 

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

We run segregated mandates which exclude companies involved in some or all of the following activities: tobacco, nuclear, alcohol, adult entertainment and gambling.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

We run segregated mandates with thermal coal exclusions.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

We run a mandate which screens out Iran as per the NYS Iran Divestment Act of 2012, given the country’s link to sponsoring terrorism.

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

          Internal audit review of screening processes
        
Norms-based screening

other description

          Internal audit review of screening processes
        

06.2. Additional information. [Optional]

We update data on cluster munitions annually. Other screens are run on a quarterly basis. Changes to the list are coded into our dealing system.


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