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Neumeier Poma Investment Counsel, LLC

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by


Our objective is to maximize upside and control downside.  Neumeier Poma Investment Counsel excludes certain industries in its stock selection process, including, but not limited to: manufacture of guns; predatory lending; animal testing; companies whose products or services cause serious environmental degradation; companies whose products and services have a heavy fossil fuel/CO2 "footprint". 

Screened by


We look for companies that are market leaders (#1 or #2 in sub sector) and this criteria includes, among others, ESG factors when valuing the business and future performance. We look for companies that have a proprietary product or patent that gives them an advantage over the competition.


04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

We are small-cap value equity investors and we don't deviate from this strategy.  Annually we review our investment objectives.  Institutional clients are given a monthly performance report and quarterly letter.

Our bottoms-up stock picking investment strategy includes a qualitative and fundamental approach for finding companies that meet our value criteria.  ESG factors and climate related risks and opportunities are included in our stock picking analysis but it is not the only criteria used. Our valuation and financial strength criteria typically eliminates 75% of the names from our possible universe of investments.  Along with our multi-level testing to find good stock investments we avoid investments in fossil fuels, firearms, private prisons, and unethical labor or lending practices.

Our ESG screening and climate change criteria is based on both science data and our personal attitude and ethical standards towards the environment.  For example, we find that we can avoid investing in areas like fossil fuels and still find good investments for our clients that don't have a negative impact on the environment.  

LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure ESG screening is based on robust analysis.

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

05.5. Additional information. [Optional]

One screen we use is to screen out investments in industries and products that we feel have a negative effect on the environment and community. Some areas we avoid investing include but are not limited to fossil fuels, firearms, unethical labor or lending practices.

LEI 06. Processes to ensure fund criteria are not breached

06.1. Indicate which processes your organisation uses to ensure fund criteria are not breached.

          We are a small company with 8 full time employees. Two of the three portfolio managers  are owners and they make the final investment decisions.

06.2. If breaches of fund screening criteria are identified, describe the process followed to correct those breaches.

We are a small company with 8 full time employees.  Final investment decisions are made by the two portfolio managers who are the owners. If a screening criteria was breached or if information became available that changed the original investment thesis for an organization, the owners would evaluate this new information and decide if changes are needed to the investment.

The investment portfolio is checked daily by three portfolio managers for any irregularities. 

06.3. Additional information. [Optional]