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Federal Finance

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


We exclude all companies involved in landmines and cluster bombs.

Screened by


We have a best in class approach. For each sector we assess the performance of every company on the 3 pillars : Environment, Social and Corporate governance. We rank them with the aim to identify companies with the best practices on each pillar. Then we compute a SRI score derived from each ESG score, with a various ponderation depending on the sector ESG issues. This assessment is carried out for 3 geographical areas : Europe, France (for small and mid caps) and the rest of World.

Screened by


We have identified a list of companies that don't give us the insurance that they strictly respect the UN Global Compact rules. The assessment is first quantitative. Then we analyse the short list to discriminate the worst performers. This list of companies is made available on our website. We explain the rationale of each exclusion.

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

The screening criteria are established by our ESG team, which selects criteria for each sector in accordance with the sector's ESG issues. Criteria are reviewed on an annual basis. Clients are notified through our Transparency code.

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.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]

LEI 06. Processes to ensure fund criteria are not breached

06.1. Indicate which processes your organisation uses to ensure fund criteria are not breached.

06.2. If breaches of fund screening criteria are identified - describe the process followed to correct those breaches.

An internal audit is conducted every two weeks. If breaches are identified, fund managers receive an alert. They have to sell the securities from the companies that are no more eligible to a SRI fund.

06.3. Additional information.[Optional]