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Glenmede

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

Description

Negative exclusion for thematic products including product, activity sector and/or MSCI ESG IVA ratings below 3.5

Screened by

Description

Favorable or improving ESG rankings

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

For GIM ESG-mandated strategies, if changes in screening criteria require updates to fund prospectuses, then the updated prospectuses are provided to fund shareholders.  Otherwise, material changes to screening criteria typically would be communicated to GTC portfolio managers and external financial intermediaries (who then would decide whether to communicate the changes to their clients invested in the funds).


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.

          We take commercially reasonable steps to validate such research topics, including ESG, before incorporating it into the portfolio.
        

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

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]

On a monthly basis, the portfolio managers receive current ESG analysis and updated ESG ratings from MSCI. The Glenmede Quantitative Team has done extensive historical analysis on ESG factors and their effects on portfolio performance, including risk-adjusted returns. 


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


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