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Stichting Pensioenfonds Zorg en Welzijn

PRI reporting framework 2020

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(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


All our listed equities are screened against our exclusion list (product based). Also, within our Developed Market Equity fund we have been selling the shares of the most CO2-intensive companies in the most polluting sectors: utilities, energy and materials (70% of the total footprint). We aim to counteract climate change by reducing the CO2 emissions of our investments.

Screened by


We construct a universe of companies based on impact criteria.


Screened by


The impact universe is screened for UN Global Compact violators.


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

The screening criteria fit our exclusion policy. If any significant changes are made this is communicated in our annual report or on our website.

LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure ESG screening is based on robust analysis.

          RI and Strategy review in certain instances the intentionality of the company to produce a certain product with positive impact.

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

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.5. Additional information. [Optional]

The SES team explores the possibilities for ESG integration in multifactor models. Candidate ESG factors are assessed based on their relationships to other factors in the model, their potential to add value to the investment process, and their potential to improve the ESG profile of the portfolio on top of its financial characteristics. Depending on the outcome of such an evaluation ESG factors are considered for addition to the model. Good and reliable data are naturally the challenge and key to this effort.

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