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Veritas Investment 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

ESG factors are incorporated into all our investment decisions for fixed income. Our SSA holdings tend to be UK and US short-dated debt, and supra-national bodies, such as the European Investment Bank, with investment-grade credit ratings. 

Given the relatively small size of our SSA fixed income holdings, in terms of our total AUM, we have not yet had the opportunity to fully develop our responsible investment processes for this asset class but we are actively looking to do so in the next year. 

Fixed income - Corporate (financial)

ESG factors are incorporated into all our investment decisions for fixed income. For example, the governance structures of financial companies and the sustainability of their lending practices are considered as part of an overall assessment of their creditworthiness.

Given the relatively small size of our corporate (financial) fixed income holdings, in terms of our total AUM, we have not yet had the opportunity to develop a system to formally track our responsible investment processes for this asset class but we are actively looking to do so in the next year. 

Fixed income - Corporate (non-financial)

ESG factors are incorporated into all our investment decisions for fixed income. For example, the governance structures of all companies are considered as part of the investment process and we avoid exposure to fossil fuel-intensive sectors and companies with unsustainable business practices. We have sold fixed income holdings when ESG issues have emerged. 

Given the relatively small size of our corporate (financial) fixed income holdings, in terms of our total AUM, we have not yet had the opportunity to develop a system to formally track our responsible investment processes for this asset class but we are actively looking to do so in the next year.

16.2. Additional information [Optional].


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


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