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Groupe Bruxelles Lambert SA

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
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

As a patrimonial and engaged investor, GBL believes that effective management of ESG aspects by portfolio companies can have a positive impact on their long-term performance and their ability to create value in a sustainable manner. GBL consequently embeds ESG at all stages of its investment process and portfolio monitoring.


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.

          The knowledge and expertise of external ESG specialists mandated by GBL
        

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.

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

09.6. Additional information. [Optional]

ESG risk assessments are performed as part of the portfolio monitoring process.

In order to monitor appropriately its portfolio from an ESG perspective, GBL conducts on a yearly basis an in-depth risk assessment focusing on its portfolio companies.

This risk assessment has been structured by GBL to combine information from third-party ESG-rating reports and market data with proprietary data derived from (i) GBL’s in-house Compliance questionnaire (see below for covered areas) and (ii) the knowledge and expertise of GBL’s investment team on the portfolio companies and, more generally, their sectors.

On that basis, GBL’s ESG risk assessment does cover a wide scope of ESG factors including (AnnualReport p.69):

  • from an environmental perspective: Resource efficiency, pollution prevention and management, ecosystems and biodiversity, climate change, procurement standards, etc.
  • from a social and governance perspective: Labor rights and working conditions, business ethics and governance, etc.

This assessment aims at identifying, for each portfolio company, its key ESG risks, and, if assessed as material, (i) translating them into potential adjustments to the investment theses, (ii) reporting them to GBL’s Audit Committee and ultimately to GBL’s Board of Directors, and (iii) ensuring their monitoring by GBL’s representatives through the governance bodies of the portfolio companies.


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


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