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SBI Funds Management Private Limited

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

- Actively monitored UNPRI's various initiatives

- Signed UNPRI’s Investor Commitment to Support a Just Transition on Climate Change 

- Signed Investor Expectation Statement on Climate Change for Aerospace and Airline Industry 

- Signed UN PRI’s Global Investor Statement on Deforestation and Forest Fires in the Amazon 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

- Lead Investor in 3 out of 5 Indian companies under Climate Action 100+, co-lead investor in one company

- Very active engagement with companies, CA100+ representatives from UNPRI, and other investors who are part of engagements with companies

- Prepared reports and best practice documents to support companies' climate mitigation initiatives

- Conducted site specific analysis for renewable energy potential for one company and reported it to the company

          FICCI UK-India Green Finance Initiative
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Actively participated in development of Paper on UK-India Green Finance Initiative

Leading the Working Group on Sustainable Finance Taxonomy

Attending meetings, providing inputs and creating outreach about the initiative

Developing Sustainable Finance Taxonomy for India along with representatives from Climate Bonds Initiative and City of London

          Member of the CIILab
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

  • Attended meetings of CIILab to understand Integrated Reporting 
  • Contributed to knowledge creation around Integrated Reporting on various forums
  • Became the first unlisted AMC to publish its own IR voluntarily

 


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          SBIFMPL speaks on various forums to disseminate knowledge on how we have integrated ESG within our investment culture. We also provide support to various peers who interact with us in one-on-one sessions to understand our strategy of ESG integration. SBIFMPL has also worked with domestic service providers to train them and develop their capability of assessing the companies on their ESG performance. Since international service/ratings providers work on a disclosure-based model and many Indian companies do not publish ESG based data, we are dedicatedly working on creating an ecosystem where companies are encouraged to disclose more information and where investors and regulators create demand for such data and assessments.
        

Frequency of contribution

Description

          Contributed to the Eminent Persons Opinion Survey for CCGC Review on Good Corporate Governance
Disseminated ESG and Responsible Investment based knowledge at TERI-NISM ESG Conference
        

Frequency of contribution

Description

          Regular meetings and information exchange with other institutional investors on ESG integration
Contributed to Yes Bank’s ESG India Report 
CIO conducted webinar for HDFC securities to explain about ESG and ESG funds
        

Frequency of contribution

Description

          CIO speaks on responsible investments and ESG integration on various national/international forums
        

Frequency of contribution

Description

          CIO's articles on ESG and Responsible investment are covered regularly by Indian Media.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

IMPORTANT NOTE: For all sections except Organisation Overview, we are reporting numbers from March 2019 - March 2020. 


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

We have engaged with the following organisation on policy discussions around ESG issues. While these are not regulators per se, they advise regulators on various policy frameworks:

  • Contributed as a Member of the India focus group on Integrated Reporting called the Lab India. This was hosted by Confederation of Indian Industries (CII)
  • Contributed as a Member of Roundtable with National Institute for Public Finance and Policy (NIPFP) on Just Transition on Climate Change
  • Contributed as a Member of Federation of Indian Chambers of Commerce and Industry (FICCI) to help develop an ecosystem of Sustainable Finance within the country and to progress UK-India relations in this space.

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