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European Bank for Reconstruction and Development (EBRD)

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Fixed income - securitised

Private equity

Property

Infrastructure

Farmland

Inclusive finance

Cash

Money market instruments

Other (1)

`Other (1)` [as defined in OO 05]

          Trade finance and Guarantee products in the Banking portfolio only
        
Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Property

Property - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Infrastructure

Infrastructure - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Inclusive finance

Inclusive finance - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

EBRD has determined a number of types of activities that EBRD will not finance for ethical, environmental and social and/or government reasons. These exclusions are specified on EBRD website, in general investment principles, various sector strategies and in several EBRD policies and procedures that govern ESG issues, including:-

·        EBRD Environmental and Social Policy;

·        The Enforcement Policy and Procedures;

·        Corporate Governance Review Toolkit;

·        Domiciliation Policy;

·        Fraud and corruption - definitions and guidelines; and

·        Integrity Risks Policy.

EBRD screens investments to ensure they do not fall under the exclusion lists in these policies, for example:

EBRD wide exclusions include:

• Defence-related activities, tobacco, selected alcohol products, substances banned by international law or gambling facilities

• Thermal coal mining, coal-fired electricity generation capacity and upstream oil exploration (unless reducing GHG emissions or flaring)

• Projects related to subsidies, sponsorship or donations

• Activities listed on the Exclusion list in Annex 1 of EBRD’s Environmental and Social Policy: https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html

Under this link (https://www.ebrd.com/who-we-are/our-values/environmental-emanual-toolkit.html), clients find our “Environmental and Social E-Manual” which includes: 

- an E&S due diligence tool

- E&S categorisation list

- sub-sector guidelines

- E&S sub-topic guidelines (on labour issues, grievance mechanisms, hiring third party experts etc.)

- Reporting templates

- access to our E&S E-learning course.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

Direct - Listed Equity active ownership

Direct - Fixed Income

Direct - Other asset classes with dedicated modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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