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Goodman & Co Investment Counsel / Dundee Goodman Merchant Partners

PRI reporting framework 2020

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

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%
100 %
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.

Screening level analysis indicates where a decision to proceed should incorporate conditions to be settled or agreement to a plan to resolve issues precedent to the investment being made (where investment is. Once an investment is completed and an active management regime has commenced there are several ways in which monitoring and intervention, where required, can occur;

  • Appointment of an internal technical liaison to follow up on specific issues
  • Process driven compliance assessment and follow up on ESG investment conditions
  • Regular dialogue with management within a governance process constrained framework that addresses ESG
  • Setting up channels where expertise can be offered on the basis that the investor has value to add
  • Representative formal board/governance appointments from within the investor team or from a pool of trusted independents

The choices available allow us to remain flexible and design an engagement process that best suits the asset and its management and the issues needing management.

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 (Private)

(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


Negative ESG screening outcomes occur when;

  • The primary product for the company or project is thermal coal 
  • Sovereign risk to a key operating location is high and cannot be mitigated 
  • Social license has been ignored or lost and ongoing risk cannot be mitigated quickly enough to recover value 
  • There is no EITI coverage in a key jurisdiction and a transparency risk exists 
  • Extreme environmental risk, legacy risk, or closure risk will likely negatively affect value over medium and long term 
  • Poor governance and lack of transparency does not allow for adequate diligence processes

Screened by


We do not broadly apply positive screening outcomes but prefer to move from negative outcomes and into a detailed screening and diligence process focussing on corporations and projects.

Company/project specific Positive ESG screening outcomes occur when

  • there are no significant ESG risks discovered during diligence
  • our modelling shows that there is unrecognized value

Positive ESG screening outcomes but where issues are flagged for risk assessment and mitigation planning is where DGMP can create value using the DGMP business paradigm/value proposition and active management of our investment, i.e.;

  • we are a team of professionals with operating and governance experience across the full range of sector risks and disciplines
  • we can quantify ESG risk in this sector and develop mitigation strategies and programs
  • this allows us to see and realize value that other investors don't see or cannot leverage



Screened by

          As outlined below


Minimum requirement is full compliance with:

  • Local law, regulation, and direction by agencies and competent/legal authorities
  • Permit conditions
  • Relevant international, Canadian and US law (for example related to transparency and corruption)

We will require, as appropriate for the jurisdiction and circumstances, substantial compliance (or an agreed compliance timetable) by investee business with one or more internationally recognized standards or conduct codes such as

  • The IFC performance standards
  • ICMM codes and standards
  • UN Global Compact
  • PMI standards for governance of project management

We will require a best practice approach to the generally accepted definitions of social license, corporate citizenship, social responsibility, human rights, environmental stewardship and sustainability 

We expect best practice governance systems and controls, corporate transparency, and properly organized hierarchical systems allowing controls to cascade into the management of the business or operation


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

Any significant change would be outlined on our website.

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]

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




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.

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

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.

          diligence and management reporting includes assessment of ESG factors

09.6. Additional information. [Optional]

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