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

Aeon Investment Management (Pty) Ltd

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

資産配分におけるESG問題

SG 13. ESG issues in strategic asset allocation

13.1. 貴社組織がシナリオ分析および/またはモデリングを実施するか記述してください。実施する場合、 シナリオ分析について説明してください(資産クラス別、セクター別、戦略的資産配分等)。

25語以内で説明してください 。 Aeon has recently incorporated scenario analysis and/or modelling into its investment philosophy to analyse current and potential ESG risk factors through the use of quantitative tools such as The Paris Agreement Capital Transition Assessment (“PACTA”) tool, The Transition Pathway Initiative (“TPI”), 2 Degrees Scenario Analysis.
25語以内で説明してください 。 Aeon has just recently incorporated scenario analysis and/or modelling into its investment philosophy using PACTA, TPI and 2 Degrees Scenario Analysis to analyse current and potential exposure in comparison to the market and to test its funds’ performance and position under transition scenarios. The tools have limitations.

13.2. 組織が戦略的な資産配分やセクターまたは地理的な市場間での資産の配分においてESG問題を考慮しているかどうかを記載してください。

以下を行っている

13.3. 補足情報 [任意]

We have recently started utilising several quantitative tools such as The Paris Agreement Capital Transition Assessment (“PACTA”) tool, The Transition Pathway Initiative (“TPI”), 2 Degrees Scenario Analysis etc. It should be noted that these PRI-recommended tools do however have limitations. Aeon Investment Management is mainly invested in South African stocks. The recommended tools do not cover a significant number of companies in developing markets e.g. South African-based companies and thus we are only able to obtain a limited amount of information on the analysis of these companies. Companies also only disclose a limited amount of environmental metrics to the public thus further increasing the limitations to the analysis. Aeon Investment Management has raised these issues with the research providers.

Aeon Investment Management practices responsible investing, this does not, however, mean we do not invest in fossil fuel assets. We instead analyse the current and potential risks (severity) associated with investing in these assets using data, research tools and available company filings. Depending on the outcome of our risk assessment, we then apply an appropriate ESG risk premium to our final investment case/valuation.


SG 13 CC.

13.4 CC. 貴社組織が気候関連のリスクおよび機会を管理するためにどのようにシナリオ分析を利用しているかについて(分析がどのように解釈されているか、その結果、将来の計画等)、記述してください。

500語以内で自由に記載

Aeon Investment Management has just recently incorporated scenario analysis and/or modelling into its investment philosophy to analyse current and potential exposure in comparison to the market and to test its funds’ performance and positions under transition scenarios.

We utilise several quantitative tools such as The Paris Agreement Capital Transition Assessment (“PACTA”) tool, The Transition Pathway Initiative (“TPI”) etc. It should be noted that these PRI-recommended tools do however have limitations. Aeon Investment Management is mainly invested in South African stocks. The recommended tools do not cover a significant number of companies operating in developing markets e.g. South African-based companies and thus we are only able to obtain a limited amount of information on the analysis of these companies. Companies also only disclose a limited amount of environmental metrics to the public thus further increasing the limitations to the analysis. Aeon Investment Management has raised these issues with the research providers.

500語以内で自由に記載

Depending on the outcome that has been provided by the scenario testing (if sufficient information has been embedded into the database/programs), we factor the identified risks into our investment case and apply an appropriate ESG risk premium to our final valuation.

500語以内で自由に記載

The final valuation, after considering climate-risks and applying an appropriate ESG risk premium, determines whether we invest (or continue investing) in a company. Depending on the severity and urgency of the identified risks, we conduct engagements with the executive team of the companies in question.

13.5 CC. この分析をだれが利用するか記述してください。

13.6 CC. 貴社組織がその投資戦略について、投資期間を超えて、気候関連リスクの影響を評価しているか記述してください。

500語以内で自由に記載してください。

As indicated in the previous answers, we evaluate the potential impact of climate-related risks based on qualitative and quantitative analysis. On a broad level, some of the climate-related risks that we identified include:


• Lack of company disclosure as it relates to environmental targets
• Company water usage
• Company emissions and disclosure thereof
• Companies’ waste management programs and implementation thereof.
• Companies’ energy usage
• Food security risks as a result of climate-related risks


Given that Aeon Investment Management largely invests in South African companies, we have had to rely on global timescales such as the Paris Agreement, other available global conventions, and frameworks that have target carbon emissions and local jurisdiction regulation. We adopt these timescales into our own investment time horizon and subsequently investment strategy.

13.7 CC. 一定の範囲の気候シナリオを利用しているか記述してください。

13.8 CC. 貴社組織が用いる気候シナリオについて記述してください。

提供者
使用するシナリオ
IEA
IEA
IEA
IEA
IEA
IRENA
グリーンピース
持続的発展研究所
ブルームバーグ
IPCC
IPCC
IPCC
IPCC
その他

その他 (1) 具体的に記入してください:

          PACTA
        
その他

その他 (2) 具体的に記入してください:

          Transition Pathway Initiative
        
その他

その他 (3) 具体的に記入してください:

          2 Degrees of Separation
        

SG 14. Long term investment risks and opportunity

14.1. 一部の投資リスクと機会は長期トレンドの結果として発生します。貴社では、以下のどの項目について考慮するか明示してください。

14.2. 気候に関するリスクと機会に対応して組織で実施されている活動を選択してください。

14.3. 次のツールの中から気候関連リスクと機会の管理に組織が用いているものを選択してください。

14.4. 排出量リスクの開示を選択した場合、採用している開示方法またはそのフレームワークの中で気候関連のものを挙げてください。

We have recently started utilising several quantitative tools such as The Paris Agreement Capital Transition Assessment (“PACTA”) tool, The Transition Pathway Initiative (“TPI”) and 2 Degrees Scenario Analysis to assess risk, obtain data and assess our portfolio positioning in relation to transition scenarios etc. It should be noted that these PRI-recommended tools do however have limitations. Aeon Investment Management is mainly invested in South African stocks. The recommended tools do not cover a significant number of companies operating in developing markets e.g. South African-based companies and thus we are only able to obtain a limited amount of information on the analysis of these companies. Companies also only disclose a limited amount of environmental metrics to the public thus further increasing the limitations to the analysis. Aeon Investment Management has raised these issues with the research providers.

We also use trend data from research portals such as Carbon Tracker as a discussion point for plans by company management to assess their reduction in climate-related risks. We generally discuss these climate-related risks with company management and what their plans are.

14.5. 補足情報 [任意]


SG 14 CC.

14.8 CC. 気候関連のリスクが全体のリスク管理に組み込まれているかどうか記述してください。また、気候関連リスクを特定、評価、管理するために利用されたリスク管理プロセスについて説明してください。

500語以内で自由に記述。

Aeon Investment Management recently developed an environmental policy to create a framework that identifies companies’ current and potential risk factors and to quantitatively integrate these factors (depending on company disclosure) into the investment philosophy to ensure responsible investment.

We aim to identify companies that actively reduce their carbon footprint, disclose their emissions and have an ongoing positive effect on the South African society and the global community at large.

The rapid awareness of the effect that companies have on the environment has resulted in an increased requirement from investors and other stakeholders for companies to disclose their environmental metrics e.g. GHG emissions. Aeon Investment Management has created a framework that identifies a broad range of company risks. These risks may not be applicable to all companies and do not encompass all the risks that companies may face. In determining whether to continue to invest in a company, Aeon Investment Management undertakes an analysis on the company by considering the following:

1. Disclosure
We determine the company’s level and relevance of environmental metrics disclosure:
o Does the company disclose its GHG emissions, energy consumption, water usage and waste production in its Sustainability/ Integrated Report?
o Has the company disclosed the trends in its GHG emissions, energy consumption, water usage and waste productions to determine any changes (positive and negative) to the above-mentioned factors and monitor the implementation and continued practice of their sustainability policies?
o Going forward, has the company disclosed a plan to reduce its environmental impact?
o If applicable, has the company recently or historically had any environmental catastrophes such as hazardous spills and subsequent fines? Has the company disclosed the fines and programs they have implemented to rehabilitate the damage caused by these catastrophes?

2. Water (if applicable)
o Has the company disclosed its water usage and the amount of water it has recycled in its Sustainability/ Integrated Report?
o Does the company have an extensive policy (-ies) in place addressing the reduction of water usage and/or recycling water?

3. Emissions
o Has the company disclosed its GHG Scope 1, Scope 2 and Scope 3 emissions in its Sustainability/ Integrated Reports?
o What is the company’s carbon emissions per unit produced relative to its competitors?
o What initiatives has the company implemented to lowering their emissions and reducing their carbon footprint?
o Does the company fully and publicly endorse the Paris Agreement or any other climate agreements? What formal commitments have been implemented by the company towards addressing climate change?


4. Waste (if applicable)
o Has the company disclosed the level of tailings and overburden waste it produces?
o Does the company produce any hazardous waste and how has this been eliminated?


5. Energy
o Has the company disclosed its electricity usage or relevant benchmark metric?
o Has the company implemented any renewable energy initiatives within the business?
o What is the company’s electricity usage per unit of production and what is the historical trend of this production?

More information available online: https://www.aeonim.co.za/wp-content/uploads/2020/03/Aeon-Investment-Management-Environmental-Policy-1.pdf

 

14.9 CC. 貴社組織がTCFD採用を促すアクティブオーナーシップ活動を行うか記述してください。

説明してください。

Aeon Investment Management votes on all proxy resolutions for shares held in our portfolios and we provide full details of our voting record quarterly on our website ((http://www.aeonim.com/engagement-activities). Aeon Investment Management's Voting Policy covers Corporate Governance, Environmental and Social issues. The policy is aligned with adequate investee entities' environmental metrics disclosure and adherence to Paris agreements, global frameworks and/or local regulation targets.


SG 15. Allocation of assets to environmental and social themed areas

15.1. 貴社にて、特定の環境および社会をテーマとする分野に基づいてファンドに資産を配分したり、ファンドを運用しているかどうかについて明示してください。

15.4. 含めたい補足情報があれば、添付してください。 [任意] 



Top