Emerging Market Credit:
We use a variety of information sources to populate the scores, including company meetings, Bloomberg, rating agency reports, company reports, reports from specialist ratings agencies such as MSCI ESG and RepRisk rating reports alongside proprietary information. We also use proprietary information obtained from our own contact with companies including meetings and ESG surveys which ask companies in our investment universe for detailed information on ESG issues.
Our overall ESG analysis is proprietary in that the scores are not derived from any single third-party source; however, our assessment incorporates data from a variety of information sources including but not limited to MSCI reports, RepRisk reports, a proprietary portfolio carbon profiler, company sustainability reports and discussions with company management teams.
Our analysis is informed by a wide array of national data sets, as well as policy analysis of current trends. Indeed the onus is on the expertise of our regional specialists to understand the ESG factors that could affect our holdings over the investment horizon. An aggregate ESG scores feeds into all our investment scorecards; all other things equal, countries with better ESG trends will feature more highly in the portfolio.