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PRI reporting framework 2020

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


In our policy (see OO section) there is an annex for the exclusion of carbon related activities. 

Screened by


Our "A posteriori" screening is based on ESG scores of three external providers (RobecoSAM, Sustainalitycs and Reprisk). We compute a weighted average through a propietary method, though the most weight is usually given to Reprisk data. With such data, we select those in the lowest quartile and ask for a second look in the "A priori" proccess. If this stage still suggests to invest, the case is taken to a risk committee, who will decide on the investment.

Same proccess is applied to every position already in the portfolio.

With the new strategy MIR, we select companieswith best practices in people with disabilities issues.

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

Depending on who the client is:

For the group portfolios, the changes are reported at the risk committee and the investments committee of the group.

For external institutional clients, changes are reported at the regular committees we hold with them, usually on a monthly basis.

For retail clients, up to now the report is only when requested, but we're working on a standarised ESG report for retail clientes that will be up and running before year end.

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.

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

05.5. Additional information. [Optional]

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