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EUROBANK ASSET MANAGEMENT MFMC

PRI reporting framework 2020

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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%
40 %
Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
60 %
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.

For our actively managed global equities we adopt screening strategies in combination with thematic invetments as we are not in a position to implement integration due to the small size of the AUM invested in this space.  However, as we progress in the implementation of the principles we expect to be able to apply ESG incorporation for the 60% of the actively managed equities that are mainly Greek and Emerging Europe stocks.  We also use ESG scoring figures produced by data providers.  Last, but not least, we also rely heavily on fundamental financial analysis as one of the basic pillars of our analysis and selection.

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

Description

We use positive screenings for the activities of companies or sectors of business in combination with ESG scorings for companies that we get from co-operating data providers.

Screened by

Description

UN Global Compact membership is a strong indicator.  Moreover, companies gradually tend to publish which SDGs they tend to observe and the proportion of achievement of the selected goals.

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

As we have just completed the first full year of ESG implementation, we have not made changes in our screening criteria to date.


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.

05.3. 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)


(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

We are currently managing a dedicated Fund of Funds with flexible allocation named (LF) FOF ESG Focus which is not dedicated to specific themes but selects funds according to the ESG rating that is derived from a robust ESG fund selection process.

Furthermore, we apply ESG criteria in the security (bonds and stocks) and fund selection for the portfolios of occupational funds that have been mandated to us.  We are free to select thematic investments or apply ESG factors for security selection according to our policies.  In effect, the clients have not mandated us to pursue a specific ESG integration method,


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