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DDJ Capital Management, LLC

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Not Applicable

          UNPRI Credit Rating Initiative, UNPRI Academy's Foundations in Responsible Investing, TCFD
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

During the fourth quarter of 2019, a portfolio manager for DDJ's upper tier U.S. high yield strategy together with each of DDJ's research analysts completed UNPRI Academy's "Foundations in Responsible Investing" course online. The Foundations in Responsible Investment course, which is recognized as the international "gold standard for ESG training", features content provided by global ESG experts and provides a comprehensive and structured leaning pathway to ESG integration featuring real life and hypothetical case studies, financial modeling, best practice approaches to investment and risk management, and strategies for the practical application of key ESG concepts.

In September 2019, DDJ signed on as a public supporter of the Task Force on Climate-Related Financial Disclosures ("TCFD"). TCFD's mission is to develop voluntary, consistent climate related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          During the fourth quarter of 2019, a portfolio manager for DDJ’s upper tier U.S. high yield strategy together with each of DDJ’s research analysts completed UNPRI Academy’s “Foundations in Responsible Investing” course online. The Foundations in Responsible Investment course, which is recognized as the international “gold standard for ESG training”, features content provided by global ESG experts and provides a comprehensive and structured leaning pathway to ESG integration featuring real life and hypothetical case studies, financial modeling, best practice approaches to investment and risk management, and strategies for the practical application of key ESG concepts. 

In addition, in April 2019, DDJ produced a white paper titled “ESG High Yield: Beginning of  a Journey”, which describes DDJ’s ESG philosophy and process, amongst other ESG-related topics, and is available here: https://www.ddjcap.com/wp-content/uploads/DDJ-Thought-Piece-ESG-in-High-Yield-Beginning-of-a-Journey-April-2019.pdf  

In addition, DDJ completed multiple client or consultant ESG DDQ’s during 2019.  The information provided in these DDQ’s helped to educate the recipients on multiple aspects of DDJ’s ESG effort including DDJ's integration approach, detailed engagement activities, and ongoing improvements to internal technological infrastructure to support broader ESG data availability, analysis, and reporting capabilities.
        

Frequency of contribution

Description

          MBA Women in Investing Conference
        

Frequency of contribution

Description

          DDJ is a member of the UNPRI ESG in Credit Ratings Statement, thereby committing to incorporate ESG into credit ratings and analysis in a systematic and transparent manner.
        

Frequency of contribution

specify description

          Sponsoring the MBA Women in Investing Conference and the Women in Business undergraduate program in 2019
        

Description

          Not Applicable
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

DDJ began the process of creating a "paper ESG portfolio", which will be managed by DDJ as a portfolio with specific ESG-related objectives. DDJ is still in the early stages of developing this paper ESG portfolio; however, DDJ would be happy to communicate ongoing progress on such effort with MN.

DDJ began developing data enhancements, including the addition of ESG into DDJ's order management system, Everest. Such enhancements will include the addition of over 50 ESG data fields into Everest and will allow portfolio managers to see the "real time" impact of a potential trade on numerous portfolio-level ESG characteristics, such as carbon footprint, water stress, and labor management score. DDJ believes that these upgrades are critical for DDJ to continue improving its ESG efforts

DDJ sponsored the MBA Women in Investing Conference in November 2019, which is a conference designed to educate MBA women about career opportunities within the investment management field. Several DDJ investment professionals participated in the event, which DDJ believes promotes equality and diversity in a field that is still largely dominated by men. In addition, at this conference, DDJ's Chief Investment Officer spoke publicly about responsible investing, as well as how DDJ both examines ESG risk factors in the context of fundamental analysis of investments and generates new investment ideas.

In addition, in April 2019, DDJ produced a white paper titled "ESG High Yield: Beginning of a Journey", which describes DDJ's ESG philosophy and process, amongst other ESG-related topics, and is available here:  https://www.ddjcap.com/wp-content/uploads/DDJ-Thought-Piece-ESG-in-High-Yield-Beginning-of-a-Journey-April-2019.pdf 

 

 


SG 11. Dialogue with public policy makers or standard setters (Private)


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