The Investment Philosophy establishes that allocation decisions should be based on fundamentalist analysis, focusing on the markets where the area holds deep knowledge. The assumption of risks is conditional on the comprehension and the capacity to measure them. Currently, the policy does not establish formal guidelines regarding the approach of the ASG factors, however, the fundamentalist analysis of the invested assets incorporates these issues into the analysis.
In relation to the management of structured funds and the Managed Portfolio of the FGTS, the mechanisms provided in the Investment Policies, regulations, applicable legal norms and qualitative evaluation tools are adopted, such as questionnaires and/ Or audit work carried out by independent legal advisors. In Addition, according to the instruments governing the managed funds and their respective integralized assets, it is also carried out an analysis of mandatory information that is forwarded by the companies invested in socio-environmental and governance issues.
In addition, companies, investees or partners are requested to provide proof of investment analysis, including monitoring, and, in most cases, specialized third parties are hired for this purpose.
CAIXA publishes on its websites the ESG factors that permeate the entire Financial Institution http://www.caixa.gov.br/sustentabilidade/Paginas/default.aspx.