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ERES GESTION

PRI reporting framework 2019

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

ESG incorporation in actively managed listed equities

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
66 %
Percentage of active listed equity to which the strategy is applied
25 %
Percentage of active listed equity to which the strategy is applied
4 %
Percentage of active listed equity to which no strategy is applied
5 %
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.

As fund of fund manager, we selected about 25-30 companies which managed funds.

We based our analyse on several points :

  • We list all assets managers who are signatories of the PRI
  • We list all funds which integrate simultaneously ESG Factors
  • We list all funds who have the french public label of Responsible Socialy Investment

We send a Due Diligence questionnary every year to know the asset managers we invest. One part is dedicated on their Responsible Investment : internal organisation, dedicated staff, labelized fund, ESG factors, list of exclusion of cluster bomb companies.

85% of assets managers we selected are signatories of PRI, more than 80% of our assets is under ESG Factors (one or 3 factors simulateanously, depending of the assets).

We launched in 2017 our second fund of funds invested in 100% in funds with french public label. Furthermore this fund have the particularity of being Solidary

The first fund managed is in partnership with La Financière Responsable, we have a feeder fund of LFR Actions Solidaires.

We are working on improving the ranking of the funds for ESG criterias using Morningstar analysis. They developed ESG scoring in their database and have a scoring of "E" "S" and "G" of all the funds we select.

Today we overweight significatively asset managers that have a real responsible investment policy. It's the reason why we have few assets on quantitative funds

 

 

 

 

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


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


LEI 03. Information from engagement and/or voting used in investment decision-making (Not Completed)


(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

Description

We work only with assets managers who signed Oslo agreements and have a intern list of exlusion of companies in weapons and cluster bomb sector.

French assets managers we select often avoid investment in tobacco sector.

Funds we select attach great Value on Corporate Governance.

By the questionnary we sent every year at the asset managers, we can observe if they are more responsibles in their investments and we note all positives pr negatives changes. If the assets managers progress and we note improvements, we declare this asset manager in green color.

We etablished a code color to evaluate efforts made by the assets managers. Red color indicates that asset manager don't use ESG factors in their investments decisions. Orange indicates that ESG factor are not a priority in the fund management. Green color indicate that the company has established a SRI policy and that ESG criteria is all integrated in the AUM managed. Reportings is available and company communicate a lot on SRI investments : reports, meetings, conf call etc...

Screened by

Description

We believe that managing the long-term interests of investors requires good corporate governance. That's why we select funds who attach great Value on Corporate Governance.

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

We work with 25-30 assets managers, Due Diligence are made before investing in their asset management.

Our work is based on quality information they furnished us. We inventory their policy responsible investment and made a conclusion about their work on integration ESG factors in their asset management. We list if an exclusion list of sectors or stocks exists.


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.

          we are working on evaluate every portolio we managed through Morningstar tools and database they have on ESG criterias
        

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached (Private)


(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

We propose 2 SRI Funds.

For this 2 funds, we select minimum 90% of Ucits funds with french SRI label supported by the French Ministry of Finance after an independent audit.


(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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