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DNR Capital

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

DNR Capital believes a focus on quality businesses will enhance returns when it is combined with a thorough valuation overlay. We seek to identify quality businesses that are mispriced by overlaying our quality filter referred to as our ‘quality web’, with a strong valuation discipline.

We define quality businesses as being those with the following five attributes:

  1. earnings strength (particularly improving return);
  2. superior industry position;
  3. a sound balance sheet;
  4. strong management; and
  5. low environmental, social and governance (ESG) risk.

We are seeking to identify securities which score poorly from an ESG perspective which could raise a risk not considered by the broader market. We utilise specialist ESG data from Sustainalytics and our own procedures designed for our Australian Equities Socially Responsible Portfolio. We score each business based on ESG characteristics and can do a deep dive where a business scores poorly on any issue. Key regard is made to tail risks that could impact valuation.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

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URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

A conflict of interest is where the interests of a client are irreconcilable with, or diverge from, some or all of our interests or our reputation and include actual, apparent and potential conflicts. DNR Capital’s conflicts management obligation promotes the following outcomes:

- ensuring we always act in the best interests of clients, and where there is a conflict, prioritise each client’s interests above our own
- confident and informed decision making by consumers
- fairness, honesty and professionalism by those who provide financial services
- fair, orderly and transparent markets for financial products
- ensuring the company has identified and continues to identify its actual and potential conflicts of interest
- ensuring the company has arrangements in place to mitigate the impact that conflicts of interest may have on its continued operation
- a culture of compliance.

We identify interests which have the potential for a conflict and manage them by:

- following internal procedures and notifying the policy owner as soon as practicable of any actual or potential conflicts of interest, and
- after evaluating the conflict deciding upon and implementing an appropriate response to the conflict of interest which may include controlling, disclosing or avoiding the conflict.

 

 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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