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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


Following its commitment to responsible investment and the integration of Environmental, Social and Governance (ESG) factors, Firtsly, EDM has adopted a policy that exclude companies deriving their main revenues from controversial weapons, pornography and gambling. 

However, all exclusions depends on a case-by-case basis:

EDM’s responsible investment policy does not make any a priori exclusions ahead of the definition of investment universes.

EDM’s selection process makes it unlikely that a company whose practices are doubtful in certain regards can satisfy the required standards of quality, visibility and sustainability.

Secondly, EDM has an internal policy that describes our internal methodology. The investment team analyze each company of our Portfolio according to our internal criteria on Environmental (active policy on reducing CO2 emissions, carbon footprint), Social (active policy concerning gender diversity), Governance (board members, % independent members, family/Board ownership) and finally we set an internal rating for each company that we usually compare to Sustainalytics score. According to that, if it is necessary we contact the company in order to obtain more data. So it is fundamental to EDM to practice Engagement, 

Our next step is to improve in-depth analysis and incorporate additional internal criteria.

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

Our responsability towards our clients, our employees, the environment and society has been one of the pillars of our business and it has been integrated within the asset management company's fundamentak analysis. EDM has gradually developed and implemented its own responsible investment philosophy and shall maintain this course over the long term to remain a responsible entity.

Regarding exclusionary screening, new incorporations in the investment universe will be discussed on a case-by-case basis in the investment team meetings. EDM is always ready to consider a solution for clients that will respond to their requirements in this area.

The criteria are reviewed annually and EDM can notify the strategy/criteria to its clients whenever they want despite not being public.

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.

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.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]

We review ESG screens annually, however the internal research is reviewed at each meeting of the investment team.

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