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Santander Pensiones, Entidad Gestora de Fondos de Pensiones, S.A. (Delisted)

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


We exclude companies taking into account activity or product criteria.

We exclude all companies forbidden by Santander Group’s Defence Policy.

Additional exclusionary criteria that can be taken into account in the products are:

  • Controversial activities or products : tobacco, gambling, pornography, alcohol, etc.

Screened by


We use ESG information from an external data provider and assess companies with our in-house methodology, which have a sectorial approach. We obtain a final ESG rating for each company.

Screened by


Controversies or not compliance with international norms related to human rights, labour rights, etc.

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

Screening criteria is established by the SRI team based on the Responsible Investing approach depicted in the SRI policy. The review of the criteria in our investment process is performed on an ad-hoc basis.

We notify changes to clients and/or beneficiaries during the control commissions’s sessions (governance body of the pension funds) where Santander Pensiones participates.

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.

          Exclusion list sent regularly to fund managers and compliance to avoid investment in these companies

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

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]

We update our records from third party ESG information every 4 months. Nevertheless, in 2020 this frequency will be higher (monthly).

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