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Carnegie Fonder AB

PRI reporting framework 2020

You are in Strategy and Governance » Innovation

Innovation

SG 18. Innovative features of approach to RI

18.1. Indicate whether any specific features of your approach to responsible investment are particularly innovative.

18.2. Describe any specific features of your approach to responsible investment that you believe are particularly innovative.

During 2019 we developed our proprietary tool for ESG analysis, CF THOR. The tool was developed based on the active participation and input from portfolio managers and analysts.

The tool evaluates companies on:

  • Talk – Awareness: What is communicated? Policies and processes?
  • Walk – Targets/Actions: Does the company have tangible targets and does it disclose the results?
  • Quantitative assessment: What is our overall assessment for each area? Takes “soft” factors that are difficult to quantify into consideration
  • The goals are insight and understanding - not a perfect or objective analysi

Questions that CF THOR can answer:

  • Is it possible to invest in the company?
  • How do we believe ESG aspects will affect companies’ future operating profit, balance sheet and cash flow - and thus valuation?
  • Are there ESG aspects where we can/should try to exert shareholder influence that could benefit future valuation?
  • Does my ESG analysis, along with the financial analysis, affect how much exposure I want to have?
  • What follow-up questions/loose ends should I bring up at company meetings?

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