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Auscap Asset Management

PRI reporting framework 2019

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate (1) which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities and (2) the breakdown of your actively managed listed equities by strategy or combination of strategies (+/- 5%)

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied
100 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to incorporation and the reasons for choosing the particular ESG incorporation strategy/strategies.

Auscap Asset Management Limited (Auscap) recognises that ESG issues can affect the long-term profitability of companies which can in turn affect their share price and the performance of Auscap’s funds.  Accordingly, Auscap believes that considering ESG factors within investment decision-making and ownership practices provides insight into prospective investments from both a risk and opportunity perspective.  We think this is also consistent with our fiduciary duty.  Auscap includes an assessment of ESG factors for the purpose of selecting, retaining or realising any investments in our funds.

ESG issues are incorporated into investment analysis and decision-making for Auscap’s funds, which may involve the analysis of:

  • ESG factors (including risks) the investment is exposed to;
  • the materiality of ESG factors, taking into account the relevant industry and individual company exposure;
  • the impact material ESG factors may have on the value, earnings and future prospects of the investment; and
  • how well the ESG factors are being managed, and therefore how likely the possible impacts are to occur.

As a value-based, long short equities manager, with the aim of preserving capital and generating long-term compounding returns for investors, Auscap takes the view that ESG factors are relevant to the investment process as they:

  • may be considered as part of an overall assessment of a company’s risk management framework; and
  • impact the intrinsic value of a company.

Such factors form part of the fundamental analysis undertaken by the Company when identifying investment opportunities. 

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]

Not applicable as a combination of strategies is not used.  


LEI 02. Type of ESG information used in investment decision (Private)


LEI 03. Information from engagement and/or voting used in investment decision-making (Private)


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the ESG factors you systematically research as part of your investment analysis and the proportion of actively managed listed equity portfolios that is impacted by this analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on a robust analysis.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information.[Optional]


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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