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EUROBANK ASSET MANAGEMENT MFMC

PRI reporting framework 2020

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equities - ESG incorporation

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

Listed equities - engagement

We rely upon our co-operating external managers to engage directly with companies in order to assess their ESG compliance.  In order to ensure the integrity of the process we have engaged with the sustainability analysis teams of our co-operating external managers as well as with the dedicated portfolio managers who implement such analysis in the security selection.

Fixed income - SSA

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

Furthermore, we rely upon our co-operating external managers to engage directly with sovereign and supra-national issuers in order to assess use of proceeds.  In order to ensure the integrity of the process we have engaged with the sustainability analysis teams of our co-operating external managers as well as with the dedicated portfolio managers who implement such analysis in the security selection.

Fixed income - Corporate (financial)

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

Furthermore, we rely upon our co-operating external managers to engage directly with such issuers to assess the use of proceeds.  In order to ensure the integrity of the process we have engaged with the sustainability analysis teams of our co-operating external managers as well as with the dedicated portfolio managers who implement such analysis in the security selection.

Fixed income - Corporate (non-financial)

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

Furthermore, we rely upon our co-operating external managers to engage directly with companies in order to assess their ESG compliance.  In order to ensure the integrity of the process we have engaged with the sustainability analysis teams of our co-operating external managers as well as with the dedicated portfolio managers who implement such analysis in the security selection.

Commodities

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

Money market instruments

We have provided an extensive description of our fund selection process in order to identify funds that are rated as ESG by well trusted independent European and global organizations or government agencies in a previous section (in the 00 range) as well as funds that are ESG compliant.  For such funds we assign a lower score of 66 versus a 100 score for the ESG rated funds. Our quantitative model and the qualitative fund selection tools are then applied in order to select the best funds for each asset class or sector.  A further level of signalling are the Mercer ESG ratings from Morningstar as well as the ratings given to the funds under scrutiny by the Fund Selection process followed by our Fund of Funds and Fund Selection team which produces an ESG focused ranking list. 

17.2. Additional information.


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