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You are in Strategy and Governance » Asset class implementation not reported in other modules
Describe what processes are in place and the outputs or outcomes achieved
Formuepleje is working together with an external ESG provider who oversees the portfolios. The sources used are regularly evaluated. The monitoring is systematic and based on specific international conventions and guidelines. When an alert is published, the ESG provider initiates in-depth research and analysis of each incident through contact with the company and relevant sources to verify available information and to access more information and receive regular updates. The company’s measures to address the issue is also assessed. The ESG analysis is conducted by the portfolio Managers in tandem with financial analysis.
The ESG Committee of Formuepleje meet on an ongoing basis to discuss companies violating the principles. An important aspect in the discussions is the level and progress of the confirmed incidents. We closely monitor the willingness by the management to incorporate initiatives that mitigate and solve the controversies. If the company is found to be responsible for severe violations and show little or no willingness to address the ESG incidents we exclude the company from our investable universe. The company will only be removed from our exclusion list if the company is able to document initiatives that solve the incidents.