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Vancity Investment Management

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

We invest in companies that articulate and follow a governance process that ensures an involved board with clear accountabilities and strong risk management practices. Whether as a function of internal operations or their third-party suppliers, we expect the companies we invest in to take decisive corrective action where issues occur regarding our basic investment principles.                                               

We apply 26 indicators in assessing how well companies meet our ESG investment principles.

For government bonds we use our in-house research team to determine eligibility for government issuers. We avoid investing in bonds associated with nuclear energy, fossil fuel production and distribution, and military weapons. We avoid investing in bonds of governments associated with human rights violations or corruption.

04.3. Additional information. [Optional]

We use the International Capital Market Association’s (ICMA) Green Bond Principles and Social Bond Principles when selecting green and social bonds including the four components below:

1.Use of proceeds – Declaration of project(s), which provide clear environmental (social) benefits
2.Process for project evaluation and selection – Define environmental sustainability (social) objectives and how specified projects contribute
3.Management of proceeds – Proper accounting and isolation of proceeds
4.Reporting – Annual reporting on projects and amounts allocated

FI 05. Examples of ESG factors in screening process (Private)

FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

06.2. Additional information. [Optional]