This report shows public data only. Is this your organisation? If so, login here to view your full report.

SBI Funds Management Private Limited

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » Outputs and outcomes

成果および結果

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. 組織のESG組み入れ戦略がポートフォリオや投資ユニバースの構成にどういう影響を与えているかを記載してください。

ESG統合後の効果を記載してください。

12.2. 補足情報 [任意]

In the dedicated ESG fund, there is now a segregated investment universe carved out basis the investment criteria laid down. There is a restriction on the sectors as well as on minimum ESG performance. For the fund house as a whole, there is now greater focus on ESG factors, particularly on higher risk companies and their response to material ESG issues. There is now a focus on overall ESG issues like income/pay disparity and climate change and the over-arching impact it has on companies across the board.


LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. 組織の投資見解や報告年度のパフォーマンスに影響を与えたESG問題の例を挙げてください。

ESG要因および説明

Controversial ESG Incidents: Our monitoring of controversies and our decision to not include stocks which have been flagged for severe controversies have led to exclusion of an Indian Automobile company from our ESG Fund, despite other favourable financial considerations for the company.

適用したESG組み入れ戦略 Screening|Integration

投資決定やパフォーマンスへの影響

The stock has been excluded from the ESG themed fund.

ESG要因および説明

Sectoral Exclusion: We do not invest in 5 sectors under our ESG Fund viz. Alcohol, Tobacco, Adult Entertainment, Gambling and Controversial Weapons. This sectoral exclusion has led to exclusion of a large Indian FMCG Conglomerate from the ESG based fund due to its Tobacco business despite its above average ESG scores. This approach signifies our view that despite having all favourable policies and initiatives in place, if the product portfolio of the company is controversial or socially unsustainable, then the stock will not be included in our ESG Fund.

適用したESG組み入れ戦略 Screening

投資決定やパフォーマンスへの影響

 This sectoral exclusion has led to exclusion of a large Indian FMCG Conglomerate from the ESG based fund due to its Tobacco business despite its above average ESG scores.

ESG要因および説明

Corporate Governance: All the factors of Corporate Governance are very stringently monitored within the organization. Board Composition, Board Diversity, Executive Remuneration, Audit and Tax Transparency and non-involvement in any fraudulent means or evasion of taxes  are some of the factors that we look at.

適用したESG組み入れ戦略 Screening|Integration

投資決定やパフォーマンスへの影響

Impacts including Voting against companies for Compensation Resolutions where we feel that the CEO pay is unjustified and non-coherent with the internally determined factors. We also use the Corporate Governance factors to take voting decisions in Director Election Resolutions. 

We have recently placed a beverage company on Blacklist owing to its poor ESG performance and tax evasion probes on the company.

13.2. 補足情報 [任意]


Top