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Altrafin Group

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (C) Implementation: Integration

(C) Implementation: Integration

FI 10. Integration overview

10.1. Describe your approach to integrating ESG into traditional financial analysis.

Altrafin has integrated ESG factors (incl. screening + integration) into the investment process.

The leading analyst is responsible to comply with the ESG regime and only suggest securities that match the ESG criteria set out. The PM will have the final call and is ultimately responsible for the security selection, also regarding ESG. The risk management function does check constantly that only securities that match the criteria are part of the portfolios.

The ESG strategy and criteria are the same for each security and do not differ by country, region, sector, etc.

10.2. Describe how your ESG integration approach is adapted to each of the different types of fixed income you invest in.

SSA

Altrafin only invests in this type of assets from the Western Europe, North America, Japan ans Australia, New Zealand. These are the most developed regions in the world.

 

Corporate (financial)

There is no adaptation of the process. The investment team has to follow the identical process regarding ESG for equities and fixed income. The exception is SSA fixed income.

Corporate (non-financial)

There is no adaptation of the process. The investment team has to follow the identical process regarding ESG for equities and fixed income. The exception is SSA fixed income.

10.3. Additional information [OPTIONAL]


FI 11. Integration - ESG information in investment processes

11.1. Indicate how ESG information is typically used as part of your investment process.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
ESG analysis is integrated into fundamental analysis
ESG analysis is used to adjust the internal credit assessments of issuers.
ESG analysis is used to adjust forecasted financials and future cash flow estimates.
ESG analysis impacts the ranking of an issuer relative to a chosen peer group.
An issuer`s ESG bond spreads and its relative value versus its sector peers are analysed to find out if all risks are priced in.
The impact of ESG analysis on bonds of an issuer with different durations/maturities are analysed.
Sensitivity analysis and scenario analysis are applied to valuation models to compare the difference between base-case and ESG-integrated security valuation.
ESG analysis is integrated into portfolio weighting decisions.
Companies, sectors, countries and currency and monitored for changes in ESG exposure and for breaches of risk limits.
The ESG profile of portfolios is examined for securities with high ESG risks and assessed relative to the ESG profile of a benchmark.
Other, specify in Additional Information

11.2. Additional information [OPTIONAL]


FI 12. Integration - E,S and G issues reviewed

12.1. Indicate the extent to which ESG issues are reviewed in your integration process.

Environment
Social
Governance
SSA

Environmental

Social

Governance

Corporate (financial)

Environmental

Social

Governance

Corporate (non-financial)

Environmental

Social

Governance

12.2. Please provide more detail on how you review E, S and/or G factors in your integration process.

SSA

In this areas Altrafin mainly considers G as a factors. Due to the lack of data in teh other areas and the fact that Altrafin only invests in Western Europe, North America, Japan, Australia nd New Zealand in this partiular area.

Corporate (financial)

All factors are considered in devoloping an ESG Score for each single company. The score considers E, S and G while each of the three consists of various sub-factors.

Sub-factors:

E: resource use, emissions, innovation

G: management, shareholders, CSR strategy

S: workforce, human rights, community, product responsibility

To fill these sub-factors 400+ measures are taken into account.

Plus, the factors are benchmarked against the sector data of the factor.

Corporate (non-financial)

All factors are considered in devoloping an ESG Score for each single company. The score considers E, S and G while each of the three consists of various sub-factors.

Sub-factors:

E: resource use, emissions, innovation

G: management, shareholders, CSR strategy

S: workforce, human rights, community, product responsibility

To fill these sub-factors 400+ measures are taken into account.

Plus, the factors are benchmarked against the sector data of the factor.

.  

12.3. Additional information.[OPTIONAL]


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