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Railways Pension Trustee Company Limited

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (C) Implementation: Integration of ESG factors

(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the proportion of actively managed listed equity portfolios where E, S and G factors are systematically researched as part of your investment analysis.

ESG issues

Proportion impacted by analysis




Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

The investment analysis for every active equity portfolio constituent involves an assessment of the most material ESG factors.

LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on robust analysis.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.4. Indicate how frequently you review internal research that builds your ESG integration strategy.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information. [Optional]

For the active fundamental portfolio, ESG considerations are considered ex-ante before selection of the constituents of the portfolio. An assessment of potentially material ESG factors is carried out by a member of the Sustainable Ownership team, and discussed with the portfolio managers to highlight any potential ESG risks or opportunities. As part of the review, we also identify potential areas of concern and topics for engagement.

For companies in the fund, ESG considerations are also considered on an ongoing basis. We aim to engage with companies in this portfolio annually, and all engagement notes are shared with the portfolio managers, who also attend engagement meetings that focus on ESG. We regularly update our ESG research notes to reflect our engagement and voting.

For the other portfolios, we work closely with the portfolio manager to prioritise company engagement activity and share engagement notes after the event as appropriate. We hold regular meetings with the Chief Investment Officer and Head of Public Markets updating them on our active ownership activities, including engagement and proxy voting.

LEI 10. Aspects of analysis ESG information is integrated into (Private)