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S-Bank Plc.

PRI reporting framework 2020

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You are in Direct - Listed Equity Incorporation » ESG incorporation in passively managed listed equities

パッシブ運用している上場株式におけるESGの組み入れ

LEI 11. ESG issues in index construction

11.1. 指数の組成において、ESG問題を組み入れているパッシブ上場株式ファンドを運用しているかどうかを記載してください。

11.4. 補足情報 [任意]

          We do have two internally managed passive funds that both aim to return the same as the underlying MSCI index although ESG filter and ratings are utilised in the management of the funds. The setting of the question LEI 11.1. is such that only 'no' answer is possible, although our passive strategy incorporates ESG in an advanced way.

MSCI Europe / FIM Passive Europe ESG - although we track normal MSCI index, this passive fund excludes all the same companies we exclude in our active funds. In addition to that, the fund excludes all companies that have MSCI ESG rating below BB. Also, engagement strategy applies ie if there is confirmed violation in international norms, we normally engage the company if not exclude. Also active monitoring is a short term option. After exclusions, we use optimisation to minimise the tracking error to index. 
MSCI USA / FIM Passive USA ESG - although we track normal MSCI index, this passive fund excludes all the same companies we exclude in our active funds. In addition to that, the fund excludes all companies that have MSCI ESG rating below BB. Also, engagement strategy applies ie if there is confirmed violation in international norms, we normally engage the company if not exclude. Also active monitoring is a short term option. After exclusions, we use optimisation to minimise the tracking error to index.
        

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