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BT Funds Management (NZ) Limited

PRI reporting framework 2020

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

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

13.3. Additional information. [OPTIONAL]

SG 13 CC.

SG 14. Long term investment risks and opportunity

14.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following are considered.

other description (1)

          Human rights

14.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

14.3. Indicate which of the following tools the organisation uses to manage climate-related risks and opportunities.

other description

          Exposure to carbon solutions involvement

14.4. If you selected disclosure on emissions risks, list any specific climate related disclosure tools or frameworks that you used.

  • BTNZ have measured the Carbon Risk Rating of the equity portfolios using the Sustainalytics tool
  • This includes measuring the carbon intensity, fossil fuel involvement, carbon solutions involvement and stranded assets exposure of the portfolios.
  • This information is disclosed to the BTNZ Board, WNZL Board, risk committees and investment committees.

14.5. Additional information [Optional]

SG 14 CC.

14.6 CC. Provide further details on the key metric(s) used to assess climate-related risks and opportunities.

Metric Type
Metric Unit
Metric Methodology
Carbon intensity
          Measurement of carbon intensity for equity portfolios
Exposure to carbon-related assets
          Measurement of percentage of revenue derived from fossil fuel involvement
          % of current portfolio value

14.8 CC. Indicate whether climate-related risks are integrated into overall risk management and explain the risk management processes used for identifying, assessing and managing climate-related risks.

Please describe

  • BTNZ intend on developing a climate policy and strategy during 2020. This will include explicit integration of climate-related risks into BTNZ's risk management framework.

14.9 CC. Indicate whether your organisation, and/or external investment manager or service providers acting on your behalf, undertake active ownership activities to encourage TCFD adoption.

Please describe

  • Several of our external investment managers are signatories to the Climate Action 100+ initiative.
  • Through this initiative they are encouraging companies to take action on climate change including improve governance on climate change, adopt a 2 degree aligned business plans and strengthen climate-related financial disclosures (TCFD).

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

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.4. Please attach any supporting information you wish to include. [OPTIONAL]