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Elo Mutual Pension Insurance Company

PRI reporting framework 2020

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ESG incorporation in actively managed listed equities

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities; and the breakdown of your actively managed listed equities by strategy or combination of strategies.

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
100 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to ESG incorporation and the reasons for choosing the particular strategy/strategies.

By combining these different types of ESG- incorporation strategies we want to make sure we capture a holistic view of companies' ESG- risks and opportunities.

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]

Integration: The ESG rating and classification are one aspect of the investment assessment. We pursue to identify the material ESG factors for each company and to assess the company’s ability to manage those factors.

Screening: We apply exclusion on controversial weapons, tobacco and companies deriving 25% or more revenue from the mining of thermal coal or from the thermal coal based power generation. We also apply norms based screening and different kind of positive and negative screening based on various ESG- criteria.


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) 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

Description

Exclusions: Controversial weapons, tobacco and companies deriving 25% or more revenue from the mining of thermal coal or from the thermal coal based power generation. 

Other screening: E,S and G-performance, Climate change related e.g. CO2- emissions, sanction lists, AGM analysis

Screened by

Description

Positive environmental and social impact, Climate change related e.g. CO2- emissions

Screened by

          Our norms- based screening covers about 120 different international norms and conventions.
        

Description

Norms- based screening of International norms and conventions include issues in social, environmental and governance topics.

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

Our approach addresses both ESG- risks and opportunities. Criteria review is an ongoing process and we publish our main ESG- criteria to public (incl.clients) on Elo's Principles of Responsible Invesment- document. 


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.

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]


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


(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

We don't have a specific sustainable theme fund or mandate. Instead we have a broader sustainability theme for all of our investments which includes both risks and opportunities. For example, our objective is that by 2025, more than half of our investments (direct equity and credit investments and all infrastructure and real asset investments) will have a measurable positive impact on the environment or society.


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the proportion of actively managed listed equity portfolios where E, S and G factors are systematically researched as part of your investment analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

ESG- issues are taken into a account in every investment decision and analysis.


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on robust analysis.

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

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information. [Optional]


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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