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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 » (C) Implementation: Integration of ESG factors

(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the proportion of actively managed listed equity portfolios where E, S and G factors are systematically researched as part of your investment analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

Our In house Sustainable Investment team  performs annual analyses of

- The most important ESG international trends, based on literature review

- The KPI's used (E,S and G) used in company SDG (Sustainable Development Goals) analyses. The company SDG analyses conducted in addition to Sustainalytics ESG score are the basis for the internal Sustainability rating of 0-100.

External financial research providers only occasionally review the potential significance of ESG issues.

The Norwegian equities team performs an ongoing analyses of portfolio companies, primarily on corporate governance issues.

The ESG ratings are readily available to all fund managers in their internal data systems and are used actively in investment decision making.


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on robust analysis.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.4. Indicate how frequently you review internal research that builds your ESG integration strategy.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information. [Optional]

- Company information from external provider updated quarterly

- Continual update of internal rating analysis based on updates in data from external providers

-Annual fund review meetings where fund performance is discussed including standard agenda point on ESG performance and integration.

 


LEI 10. Aspects of analysis ESG information is integrated into

New selection options have been added to this indicator. Please review your prefilled responses carefully.

10.1. Indicate which aspects of investment analysis you integrate material ESG information into.

Proportion of actively managed listed equity exposed to investment analysis

Proportion of actively managed listed equity exposed to investment analysis

Proportion of actively managed listed equity exposed to investment analysis

Proportion of actively managed listed equity exposed to investment analysis

Proportion of actively managed listed equity exposed to investment analysis

10.3. Describe how you integrate ESG information into portfolio weighting.

Storebrand operates with both overall company targets and fund specific targets for clean technology and renewable energy. The company target is 3% of AUM by 2020. An example of the fund level target is the Plus fund family of Equities funds where 5-10% portfolio weighting is dedicated to clean technology and renewables companies. The selection of these companies comes from external data providers and is quality assured by the sustainable investment team.

In addition portfolio weighting for fossil free funds is significantly affected by the fossil producers analysis that effectively rules out most of the Energy sector and much of the Utilitie ssector and thus has a large effect on sector weightings within these portfolios.

10.6. Additional information. [OPTIONAL]

ESG issues influence investment decision processes in numerous ways: - group level target for average sustainability rating provides an incentive for PMs to increase average sustainability rating, and subsequently corporate issuers with a low sustainability rating relative to peers will be less attractive to portfolio managers, and corporate issuers with a high sustainability rating relative to peers will be more attractive.

  • Funds, Fund selection and Product Development Departments set specific targets for each portfolio's average sustainability rating
  • Labelling of Funds on fund platforms provide benchmarking and quarterly updates of sustainability fund ratings -
  • nvestments below a certain Sustainability Rating threshold trigger a review between the PM and the Sustainability team, where alternative investments are considered.
  • Controversial issues are discussed with responsible PMs.
  • Engagement processes involve PMs
  • Design and selection of KPIs for the Sustainability Rating is discussed with relevant PMs
  • Sustainability Ratings are available to PM teams for in-house research, benchmarking etc.
  • Excluded corporate issuers are non-investable

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