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Česká spořitelna – penzijní společnost, a.s.

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities

ESG incorporation in actively managed listed equities

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities; and the breakdown of your actively managed listed equities by strategy or combination of strategies.

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
90 %
Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
10 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to ESG incorporation and the reasons for choosing the particular strategy/strategies.

We apply screening approach in traditionally managed pension funds, where criteria like banned weapons, coal mining or tabacco are incorporated. For responsible fund we use a broad holistic RI investment approach including screening, thematic and integration strategies. The combination of minimum standards, positive and negative criteria, exclusion criteria, best-in-class approach (selection of the best companies in each sector), active engagement and voting process (dialogue with companies, exercise of voting rights) plus the rigourous review of finanicial performance objectifies the management approach.

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]


LEI 02. Type of ESG information used in investment decision (Private)


LEI 03. Information from engagement and/or voting used in investment decision-making (Not Applicable)


(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

Description

Our exclusionary criteria include: nuclear power, green gene technology, child labour, business malpractice (i.e., corruption & accounting fraud), pornography, military / weapons, tobacco, coal mining (sales >5% of total sales), production of primary energy out of coal (utilities, >20% produced out of coal), (avoidable) animal testing, death penalty (for bond issuers), Violation of ILO-protocol, nuclear weapons (for bond issuers), data is gathered from ESG rating agenices. (Dataset for funds managed by the department of Responsible Investments; other actively managed (traditional / conventional) funds are screened for "banned weapons", "soft commodity speculation" and "coal divestment.

Screened by

Description

Work place conditions – concerning job protection, social standards, educational advancement
Corporate governance – stakeholder orientation of the company, transparent reporting
Energy and water consumption – decline and savings
Use of renewable energies – instead of fossil fuels, especially oil
Avoidance of environmental pollution – life-cycle assessments
Medical care and healthcare – above-average medical care and healthcare for employees
Protection of resources – above-average eco-efficiency
Leadership in environmental technology – new technologies promoting a paradigm change
Water treatment – new technologies to fight water scarcity
Environmental management systems – certifications according to EMAS and ISO

Screened by

Description

Criteria are apllied also governments.

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

Information on webpage: https://www.csps.cz/cs/eticke-penzijni-sporeni

Published document: https://cdn0.erstegroup.com/content/dam/cz/csas/www_csps_cz/Dokumenty-ke-stazeni/CSPS_Principy_odpovedneho_investovani.pdf


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.

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached (Private)


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the proportion of actively managed listed equity portfolios where E, S and G factors are systematically researched as part of your investment analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on robust analysis.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information. [Optional]


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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