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SBI Funds Management Private Limited

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

SBIFMPL has recently started to have an ESG lens over our Fixed Income coverage. Following are the steps being followed:

  • ESG Ratings: We take the ESG ratings of listed parent companies of fixed income issuers to map the overarching group level policies and initiatives that extend to the subsidiaries
  • ESG Questionnaire: We send out our in-house ESG questionnaire to the fixed income companies to assess them on their ESG initiatives. In this process we also encourage them to disclose their ESG initiatives publicly
  • Screening: The Screening process is similar to that we use in Listed Equities. We include ESG assessment in the first stage of the initiation of a company under our coverage and check the score against a set threshold. We take decisions to invest accordingly.

04.3. Additional information. [Optional]

FI 05. Examples of ESG factors in screening process (Not Completed)

FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening

06.2. Additional information. [Optional]