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EUROBANK ASSET MANAGEMENT MFMC

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income

ESG incorporation in actively managed fixed income

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
0 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
100 No incorporation strategies applied
100%
Corporate (non-financial)
0 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
40 Screening + thematic strategies
0 All three strategies combined
60 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

We have opted for screening and thematic strategies as we have not yet embarked in full ESG factor implementation through analysis insofar as our local corporate bond selection is concerned.  With regards to our global corporate selection we rely upon the ESG skills of our co-operating external fund managers.

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

          ESG information is shared during the weekly investment committees if the ESG issues are of concern each time
        

03.3. Additional information. [Optional]


(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

Internally managed active fixed income consists mainly of corporate bonds issued either locally or internationally by local issuers.  In this respect, we apply positive screening and norms-based screening (if the latter is applicable), we use issuer ratings by ESG providers and we also engage in dialogue with the management of the issuer usually ahead of issues to be launched.  During such presentations we delve specifically in the ESG aspects both of the issue with respect to the use of proceeds and to the overall ESG approach of the issuer.  We also rely on fundamental analysis that comprises the basis of our company analysis and selection.

Regarding internally managed active fixed income in foreign issues, we apply positive and norms-based screening, we use issuer ratings by ESG providers and we also screen the use of proceeds that is stipulated for the specific issue.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Positive/best-in-class screening
Norms-based screening

06.2. Additional information. [Optional]


(B) Implementation: Thematic

FI 07. Thematic investing - overview (Private)


FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

We have not encountered such a situation to date.

08.3. Additional information. [Optional]


FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

09.2. Additional information. [Optional]


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