First, we apply a two way strategy: "A priori" and "A posteriori" analysis. The "A priori" can be integration or thematic, and the "A posteriori" is screening.
For the "A priori" analysis we apply an integrated research methodology, based on the Integral Value Approach developed by our partners at La Financiere Responsable. This combines the fundamental analysis with propietary data gathered through surveys to the companies. This way, we do not only evaluate the ESG data by itself, but also its consistency with the strategy and financial data of the company. This is a pretty unique approach,
When the "A priori" is a themativ approach, we have developed a propietary methodology for the assessment of the quality of gevernance; it's a givernance specific fund. And we're developing a social one, but not yet implemented.
The "A posteriori" screening is based on several different providers of ESG data, so we we make sure that the selected companies in the "A priori" stage are not among the lowest scores.