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Nomura Asset Management Co., Ltd.

PRI reporting framework 2019

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » Implementation processes

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
0 Screening alone
0 Thematic alone
15 Integration alone
5 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
80 No incorporation strategies applied
100%
Corporate (non-financial)
0 Screening alone
0 Thematic alone
55 Integration alone
30 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
15 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

Our overall approach to ESG incorporation in fixed income focuses on the integration of quantitative and qualitative ESG data across active investment strategies as a means of improving risk adjusted returns while promoting efforts to address environmental and social issues. For example, certain corporate credit strategies integrate quantitative and qualitative ESG data in the evaluation and selection of individual corporate credits in addition to top-down ESG risk identification and monitoring at the portfolio level. Certain Emerging Market fixed income strategies combine approaches by screening for certain governance qualities or jurisdictional risk factors like money laundering, as well as using in-house developed quantitative sovereign ESG data when making investment decisions.

We do not apply divestment exclusions, or negative screening based on normative factors at the firm-wide level, on the belief that engagement is more effective. However certain investment strategies and funds can and do apply their own exclusions, in line with investment guidelines and social norms where they operate.

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

specify description

          ESG analysis inputs from third parties are compared for consistency and anomolies are flagged for follow-up by in-house analysts.
        

03.2. Describe how your ESG information or analysis is shared among your investment team.

          ESG research is conducted and discussed in the team in case of a new issue credit assestment.
        

03.3. Additional information. [Optional]


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