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PRI reporting framework 2020

Export Public Responses

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes


LEI 01. Percentage of each incorporation strategy

01.1. 以下を記載してください。(1)組織でのアクティブ運用上場株式にどのESG組み入れ戦略や組み合わせを使用しているか(2)アクティブ運用している上場株式の戦略または戦略の組み合わせ別内訳

ESG組み入れ戦略 (当てはまるものをすべてお選びください)
アクティブ運用される上場株式に戦略が適用される割合 (推定 +/- 5%)
100 %
アクティブ運用している上場株式の合計 100%

01.2. 組織が実施しているESG組み入れアプローチ、および、特定のESG組み入れ戦略を選択している場合はその理由を説明してください。

Until June 2017, in accordance with our internal ESG guidelines, we screened our portfolios to identify companies which violated ESG principles and excluded them from our portfolios if there was sufficient evidence of wrongdoing.

After June 2017, there was a successful implementation of the outsourcing of the screening process to get a fully independent judgement and to pool the resources for this process together with other large Swiss investors. A further benefit of acting in cooperation with others is that a greater emphasis can be put on engagement with critical companies before excluding them. The process of selecting critical companies, engaging with them and possibly putting them on an exclusion list is carried out by the SVVK-ASIR directly. This has the advantage that a consistent responsible investing approach is generally applied by all of the members and that the SVVK-ASIR can apply more pressure to critical companies.

During 2019 the association continued its screening and monitoring of its members' portfolios. In this process, all of the association's members need to agree on the concrete measures to be taken with the identified, non-ESG-compliant companies. The first exclusion list was officially established in March 2017 and Suva continued to implement an updated version of it during 2019. At the end of the reporting year, there were 19 companies in this list. 

In addition, we integrate Governance criteria into our traditional financial analysis because we believe that they help us to identify companies that will be profitable in the long run. Accordingly, we also focus our analysis on the long-term prospects of the companies while considering that short-term costs incurred for sustainability measures will benefit society and the companies in the long term.

01.3. ESG組み入れ戦略の組み合わせを使用して資産を運用している場合、ESG戦略の組み合わせをどのように使用しているかを簡単に説明してください。 [任意]

LEI 02. Type of ESG information used in investment decision (Private)

LEI 03. Information from engagement and/or voting used in investment decision-making (Private)

A) 実施:スクリーニング

LEI 04. Types of screening applied

04.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。



          Swiss Constitution, Swiss Laws and Regulations, and the international conventions that Switzerland has ratified on the Environment, Human Rights, Labor Rights, Governance and Banned Weapons.


The exclusion list that Suva adopts is the one established by the SVVK-ASIR.

From SVVK-ASIR website (© "By using methods of screening and monitoring of the investment universe of its members, SVVK-ASIR identifies problematic companies based on ESG criteria – the focus being on foreign and international companies. Companies classified as problematic serve as the subject matter to start a purposeful engagement process. Specialized external investment providers with the relevant network and expertise are appointed to engage with the companies."

According to SVVK-ASIR, if direct dialogue has taken place with a company identified as problematic, and no improvement has occurred, SVVK-ASIR reserves the right to include the company on an exclusion list.

Producers of certain types of weapons banned by Swiss law and international conventions on banned weapons signed by Switzerland (e.g., "Treaty on the Non-Proliferation of Nuclear Weapons", "Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction", etc.) are strictly excluded.

Suva's screening approach further consists of abiding by the legal sanctions and embargos decided upon by the Swiss government against countries, institutions and companies.


04.2. スクリーニング基準が変更された場合に顧客や受益者に通知する方法について説明してください。

Suva started to use the SVVK-ASIR exclusion list for the first time in June 2017. Great efforts have been made to define the new association's exclusion and engagement processes and a revised process became effective in the first months of 2017. Until the revision was implemented, our process used our internally generated exclusion list.

We review our exclusion decisions as soon as SVVK-ASIR updates the exclusion list, generally every 6 months.

The SVVK-ASIR exclusion list and more details on the association's screening criteria can be found on its website ( ).

LEI 05. Processes to ensure screening is based on robust analysis

05.1. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

05.2. ESGスクリーニング戦略の一環で包括的なESG調査の対象となるアクティブ上場株式ポートフォリオの割合を示してください。

05.3. 第三者のESG評価がスクリーニング目的で更新される頻度を示してください。

05.5. 補足情報 [任意]

ESG ratings from an external service provider were used until June 2017 to make exclusions decisions internally before we decided to adopt the exclusion list established by the SVVK-ASIR.

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