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Banco BTG Pactual S.A.

PRI reporting framework 2019

Export Public Responses

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (C) Implementation: Integration of ESG factors

(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




Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

Our PMs area aware that exposure to stock market movements in a single country may be significantly affected by political or economic developments, government action or natural events that do not affect a fund investing in broader markets. We incorporate political risks in our evaluation process of individual companies, and try to assess how each company is either directly exposed to political events (i.e. companies in which a government has a significant stake) or is in a sector exposed to political events (i.e. regulated sectors).

Risk management is fundamental to our investment approach. We manage risk from a qualitative perspective through: deep understanding of operating activities, constant interaction with management, avoiding excessive company, market cap and sector concentrations and adjust positions according to liquidity, among others. From a quantitative perspective, risk is monitored and managed daily by and independent risk team with the use of tools and reports, such as VaR, Stress tests, Scenario & sensitivity analysis, Factor risk analysis, Concentration limits, Liquidity and capitalization analysis and Performance attribution.

The team prepares daily reports and has constant interaction with the PM and traders on risk levels.

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.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

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

09.6. Additional information.[Optional]

BTG Pactual lanched the first ESG Equity Fund in Chile market. The fund uses as benchmark the MSCI ESG Chile Index and prior to decision making process our analysts uses researches provided by both services providers MSCI and Vigeo. 

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