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Storebrand ASA

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) 実施:スクリーニング

LEI 04. Types of screening applied

04.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。

スクリーニングの種類

スクリーニング実行者

説明

The Storebrand Standard applies to all internally managed funds and portfolios, and covers:
1) Product related exclusions: controversial weapons (landmines, cluster munitions, nuclear weapons, chemical/biological weapons) and tobacco
2) Controversial issues: human rights and international humanitarian law, corruption and economic crime, environmental degradation
3) Sector specific exclusions: lowest performing companies in high risk industries + climate related (companies with more than 25% of revenues from coal, or planned coal fired plants over 1000MW, oil sand companies,  palm oil companies involved in extensive deforestation)

Extra ethical criteria in addition to the Storebrand standard applies to some dedicated Sustainability funds. The extended Storebrand standard is has additional screening criteria such as revenues from alchohol, pornography, gambling and defence contracts. There is also extra fossil free criteria that excludes all companies with over 5% of revenues from the production and/or distribution of fossil fuels. Companies with over 100 million tonnes CO2 embedded in reserves are also excluded on this criteria.

スクリーニング実行者

説明

 

 

 

 


 

スクリーニング実行者

説明

The Storebrand Standard is described under negative/exclusion screening above, which is based on a range of international conventions (all relevant conventions are listed in a detailed framework document for each topic).

04.2. スクリーニング基準が変更された場合に顧客や受益者に通知する方法について説明してください。

The negative and norms-based screening criteria have been developed over the past 20 years, mainly by in-house ESG analysts, with the support of external expert advice. Important clients have also been included in the development of criteria.

The Storebrand Standard has been approved by the Executive Committee. Clients are informed of major changes through news letters, KAMs, and/or tailored reporting. The standard is reviewed continually with changes being made to existing criteria or new criteria being implemented.

The sector research (positive screening) has been developed over the past 20 years, mainly by in-house ESG analysts, in cooperation with CIO and portfolio managers. continuously improved by the ESG research team. More focus has been put on opportunity/product based indicators which apply to a smaller number of companies within a sector.

The Storebrand Investment Committee meets quarterly to decide on exclusions and can also decide on new interpretation of existing criteria.


LEI 05. Processes to ensure screening is based on robust analysis

05.1. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

05.2. ESGスクリーニング戦略の一環で包括的なESG調査の対象となるアクティブ上場株式ポートフォリオの割合を示してください。

05.3. 第三者のESG評価がスクリーニング目的で更新される頻度を示してください。

05.4. 組織のESGスクリーニングを構築するための組織内リサーチを精査する頻度を示してください。

05.5. 補足情報 [任意]

Continual screening of over 4000 companies by external data provider Sustainalytics on 100% of assets under management.

Monthly incident reports on possible criteria breaches.

Prioritisation of the most serious breaches (Sustainalytics categories 3, 4 and 5) for further in-depth analysis by in-house team.

The Investment Committee made up of leaders at Storebrand make the final decision on exclusion from the investment universe based on a reccomendation and research provided by the ESG team.


LEI 06. Processes to ensure fund criteria are not breached

06.1. ファンドの基準に違反がないことを確認するために組織が使用しているプロセスを記載してください。

          Automated, daily compliance checks for both Storebrand Standard (exclusions) and ESG rating thresholds
        

06.2. ファンドのスクリーニング基準に対する違反が判明した場合、これらの違反を是正するために従うプロセスを説明してください。

Any mandates found by compliance systems to be in breach with Storebrand Standard (exclusions) or Sustainability Rating thresholds are flagged as breaches and reported to Management and the Board.

Breaches must be corrected immediately.

06.3. 補足情報 [任意]


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