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Grupo Fineco

PRI reporting framework 2020

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You are in Indirect – Manager Selection, Appointment and Monitoring » Listed Equity and Fixed Income Strategies

Listed Equity and Fixed Income Strategies

SAM 01. ESG incorporation strategies

01.1. Indicate which of the following ESG incorporation strategies you require your external manager(s) to implement on your behalf for all your listed equity and/or fixed income assets:

Active investment strategies

Active investment strategies

Listed Equity
FI - SSA
FI - Corporate (financial)
FI - Corporate (non-financial)

Screening

Thematic
Integration
None of the above

Passive investment strategies

Passive investment strategies
Listed Equity

Screening

Thematic
Integration
None of the above

01.2. Additional information. [Optional]

Fineco currently implements a different level or requirements for external managers:

- For the Fund of Funds strategies, Fineco has a "good-to-have" but not exclusionary criteria when monitoring, selecting and appointing external managers: managers are encouraged to be PRI signatories, integrate ESG criteria and develop proxy voting/engagement activities. But if an external manager does not have any of them is not excluded. We delegate our voting and engagement on those managers but we pay attention to their Voting and Engagement reports they publish on an annual basis. In case of a discrepancy with our values/point of view, we are thinking how tough we should be but we have not a final decision yet.

- For the global fixed income mandate, Amundi and PIMCO were required to manage their portfolios with ESG integration, to include ESG criteria in their reports and to develop engagement activities. We know that they have permanent and temporary exclusion lists but we ask them for ESG integration at different assets: SSA, corporate and financial bonds.


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