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Osmosis Investment Management

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » Outputs and outcomes

成果および結果

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. 組織のESG組み入れ戦略がポートフォリオや投資ユニバースの構成にどういう影響を与えているかを記載してください。

最初の投資ユニバースの削減またはその他の効果について説明してください

Starting with the largest listed companies in the world by market capitalization (approx. 1645), Osmosis analyses the disclosing universe of public companies, i.e. the world’s largest public companies that disclose sufficiently on their energy consumption, waste creation and water consumption, in the public domain through their annual reports and sustainability reports.  Only companies which disclose on GHG Equivalent Emissions, water consumption and waste generation will be scored. These factors are combined and calculated into a Resource Efficiency Factor Score, i.e. for each stock within the universe of companies disclosing environmental and resource efficiency data a unique multi-factor score is calculated.

The Resource Efficiency Factor Scores are analysed within their sector and re-calculated in respect of each company upon publication it’s newly released environmental data. A company that either does not disclose sufficiently on the three resource consumption factors (energy, water and waste) or is within the financial & REITs sector, receives a zero factor score within the tight tracking error portfolios, and is currently excluded from the high active risk and style portfolios, which selection pool is reduced toa pool of ~695 companies.

削減率を明記してください(+/- 5%)

52 %

ESG統合後の効果を記載してください。

12.2. 補足情報 [任意]


LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. 組織の投資見解や報告年度のパフォーマンスに影響を与えたESG問題の例を挙げてください。

ESG要因および説明

Energy:  Level of absolute greenhouse gas emissions from fossil fuel combustion, industrial processes and other sources owned or controlled by the company represented as CO2e.

適用したESG組み入れ戦略 Screening|Thematic|Integration

投資決定やパフォーマンスへの影響

The impact on investment decision will be different depending on the type of strategy :

Osmosis specialises in the quantitative analysis of corporate disclosures of water and energy usage and waste production (resource metrics) relative to the economic value generated. Osmosis has created the Model of Resource Efficiency (“MoRE”), a proprietary model which exploits an informational advantage derived from such resource metrics. 

 The Resource Efficiency factor is currently integrated in portfolio construction in two distinctive approaches.  The first is a high expected return model whereby maximum Resource Efficiency is targeted in a benchmark agnostic fashion. The stocks are systematically selected from 33 industry sectors and stocks will be ranked by their MoRE Resource efficiency score within their relative sectors and stocks will only be selected which have a positive score

The second iteration seeks to isolate the Resource Efficiency factor exposure in risk constrained portfolios, where strategy seeks superior risk-adjusted returns by targeting maximum resource efficiency exposure whilst maintaining a tight tracking error to the MSCI World.

 

ESG要因および説明

Water:  Costs generated by purchasing water directly for a company’s operations or from direct water supply companies.

適用したESG組み入れ戦略 Screening|Thematic|Integration

投資決定やパフォーマンスへの影響

The impact on investment decision will be different depending on the type of strategy :

Osmosis specialises in the quantitative analysis of corporate disclosures of water and energy usage and waste production (resource metrics) relative to the economic value generated. Osmosis has created the Model of Resource Efficiency (“MoRE”), a proprietary model which exploits an informational advantage derived from such resource metrics. 

 The Resource Efficiency factor is currently integrated in portfolio construction in two distinctive approaches.  The first is a high expected return model whereby maximum Resource Efficiency is targeted in a benchmark agnostic fashion. The stocks are systematically selected from 33 industry sectors and stocks will be ranked by their MoRE Resource efficiency score within their relative sectors and stocks will only be selected which have a positive score

The second iteration seeks to isolate the Resource Efficiency factor exposure in risk constrained portfolios, where strategy seeks superior risk-adjusted returns by targeting maximum resource efficiency exposure whilst maintaining a tight tracking error to the MSCI World.

 

ESG要因および説明

Waste:  Costs generated from the disposal of waste in normal business operations, classified as landfill, incinerated waste, recycled or nuclear waste.

適用したESG組み入れ戦略 Screening|Thematic|Integration

投資決定やパフォーマンスへの影響

The impact on investment decision will be different depending on the type of strategy :

Osmosis specialises in the quantitative analysis of corporate disclosures of water and energy usage and waste production (resource metrics) relative to the economic value generated. Osmosis has created the Model of Resource Efficiency (“MoRE”), a proprietary model which exploits an informational advantage derived from such resource metrics. 

 The Resource Efficiency factor is currently integrated in portfolio construction in two distinctive approaches.  The first is a high expected return model whereby maximum Resource Efficiency is targeted in a benchmark agnostic fashion. The stocks are systematically selected from 33 industry sectors and stocks will be ranked by their MoRE Resource efficiency score within their relative sectors and stocks will only be selected which have a positive score

The second iteration seeks to isolate the Resource Efficiency factor exposure in risk constrained portfolios, where strategy seeks superior risk-adjusted returns by targeting maximum resource efficiency exposure whilst maintaining a tight tracking error to the MSCI World.

 

13.2. 補足情報 [任意]


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