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Bank of America Global Wealth and Investment Management

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

ゲートウェイ資産クラス実施指標

OO 10. Active ownership practices for listed assets

10.1. 報告年度において組織が実施した積極的な保有活動(アクティブ・オーナーシップ)を選択してください。

上場株式 – エンゲージメント

10.2. 直接的にエンゲージメントを行わず、組織外の運用会社がESG要因について企業とエンゲージメントをすることを要求しない理由を示してください。

We do not require these external managers to engage companies in order to be on-boarded to our platform.  However, for ESG-classified managers/strategies we do inquire into their engagement practices as part of the due diligence process in order to understand if and how engagement is a part of the investment decision-making process.

上場株式 – 議決権行使

10.3. 議決権を行使しない理由を示してください。

While we do have conversations with ESG managers on our platform about their engagement processes and outcomes, we are not an asset owner. We are an intermediary helping clients select investment managers and do not vote the proxies.

IP/MAA:  We have a licensing agreement with a third party provider and our clients can leverage any of the negative screens.  We can accommodate restrictions of up to 30% of an account and prorate cash proceeds of these restrictions across the rest of the model.  We currently don't disclose criteria used in our screens nor are clients informed when the screen is changed. 

CIO:  The Social Innovation screen seeks to find companies that are best-in-class across the three focus areas within the screening process: Environmental Stewardship, Human Capital Engagement, and Corporate Citizenship. We also employ a Performance Review which is designed to measure how effectively corporations implement the policies and procedures described and evaluated in the previous step, and whether the company capitalizes on external incentives for good corporate behavior. We believe the the data points used in the screening process identify companies that are having positive social impact while simulataneously creating economic advantages for their businesses. The scoring process takes place after each quarter-end and the portfolios are adjusted accordingly. Given CIO’s discretionary approach, changes are implemented and clients may speak with their portfolio managers to be made aware of any changes in a client's portfolio

債券SSA – エンゲージメント

直接的にエンゲージメントを行わず、組織外の運用会社がESG要因について企業とエンゲージメントをすることを要求しない理由を示してください。

          We do not require these external managers to engage companies in order to be on-boarded to our platform.  However, for ESG-classified managers/strategies we do inquire into their engagement practices as part of the due diligence process in order to understand if and how engagement is a part of the investment decision-making process.
        

債券 - 社債(金融) – エンゲージメント

直接的にエンゲージメントを行わず、組織外の運用会社がESG要因について企業とエンゲージメントをすることを要求しない理由を示してください。

          We do not require these external managers to engage companies in order to be on-boarded to our platform.  However, for ESG-classified managers/strategies we do inquire into their engagement practices as part of the due diligence process in order to understand if and how engagement is a part of the investment decision-making process.
        

債券 - 社債(非金融) – エンゲージメント

直接的にエンゲージメントを行わず、組織外の運用会社がESG要因について企業とエンゲージメントをすることを要求しない理由を示してください。

          We do not require these external managers to engage companies in order to be on-boarded to our platform.  However, for ESG-classified managers/strategies we do inquire into their engagement practices as part of the due diligence process in order to understand if and how engagement is a part of the investment decision-making process.
        

債券 - 社債(証券化) – エンゲージメント

直接的にエンゲージメントを行わず、組織外の運用会社がESG要因について企業とエンゲージメントをすることを要求しない理由を示してください。

          We do not require these external managers to engage companies in order to be on-boarded to our platform.  However, for ESG-classified managers/strategies we do inquire into their engagement practices as part of the due diligence process in order to understand if and how engagement is a part of the investment decision-making process.
        

OO 11. ESG incorporation practices for all assets

11.1. 投資決定や積極的な保有の実務に(報告年度中に)ESGの組み入れを行った組織内で運用される資産クラスを以下から選択してください。

上場株式

債券 – SSA

債券 - 社債(金融)

債券 - 社債(非金融)

債券 - 証券化商品

現金

その他(1)

‘その他(1)’ [OO 05において明示されたもの]

          Other
        
報告年度中に組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有に取り組んだ場合は、組織外で運用される資産クラスを選択してください。
アセット・クラス
組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有
上場株式

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

債券 – SSA

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

債券 – 社債 (金融)

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

債券 – 社債 (非金融)

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

債券 – 証券化商品

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

現金

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

その他(1)

組織外の運用会社の選定、指名や、モニタリングプロセスにおいてESGの組み入れや積極的な保有

11.3b. 組織外で運用する資産について、組織がESG要因を投資決定に組み込まない場合は、その理由を説明してください。

Currently, we practice the steps highlighted below for any ESG-classified managers/strategies our due diligence analysts cover, but this process has not been integrated across non-ESG classified managers/strategies on the platform.

1)     Our approach to selecting ESG-classified investment managers is based on the manager’s ability to effectively integrate both Environmental, Social, and Governance (ESG) factors and traditional risk-return criteria into their investment selection and risk management approach.

2)     Impact Criteria: The strategy integrates environmental, social and governance factors into their process of investment decision making, portfolio construction and/or risk management. We use many data points and discussions with strategy providers to conduct this analysis, including third party ESG Ratings. Exclusionary screens can be used as part of the process, but are not considered a driving factor in selecting a strategy.

3)         Risk and Return Criteria: The strategy has the potential to meet or exceed the risk and return profiles of “traditional” (non-impact focused) strategies in its peer group. The risk and return profile of the strategies are in line with the expected risk and return of the underlying assets.

11.4. 投資マネジャーの選定、任命、モニタリングプロセスに、投資に関する考慮事項がどのように含まれているかを簡単に説明してください。

Currently, we practice the steps highlighted below for any ESG-classified managers/strategies our due diligence analysts cover, but this process has not been integrated across non-ESG classified managers/strategies on the platform.

1)     Our approach to selecting ESG-classified investment managers is based on the manager’s ability to effectively integrate both Environmental, Social, and Governance (ESG) factors and traditional risk-return criteria into their investment selection and risk management approach.

2)     Impact Criteria: The strategy integrates environmental, social and governance factors into their process of investment decision making, portfolio construction and/or risk management. We use many data points and discussions with strategy providers to conduct this analysis, including third party ESG Ratings. Exclusionary screens can be used as part of the process, but are not considered a driving factor in selecting a strategy.

3)         Risk and Return Criteria: The strategy has the potential to meet or exceed the risk and return profiles of “traditional” (non-impact focused) strategies in its peer group. The risk and return profile of the strategies are in line with the expected risk and return of the underlying assets.


OO 12. Modules and sections required to complete

12.1. 自主的な報告を希望される場合には、該当するするモジュールやセクションを以下のリストから選択して下さい。組織のAUMの10%以上を占める資産クラスについてのみ報告が義務付けられています。

中核的なモジュール

直接またはサービスプロバイダーを経由したRI実施

自己運用 - 上場株式の組入れ

自己運用 – 債券

外部の運用会社を経由したRI実施

委託 - 組織外の運用会社の選定、指名、モニタリング

終了モジュール

12.2. 補足情報 [任意]


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