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Shell Contributory Pension Fund

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

SCPF does not invest in companies involved in the manufacture, sale or distribution of cluster munitions and anti-personnel landmines.

Screened by

Description

Governance positioning is taken into account in the custom ESG benchmark methodology that is used for a significant part of the listed Equity portfolio.

Screened by

          Shell General Business Principles (SGBP), aligned with UNGC.
        

Description

Hermes EOS assesses all companies in SCPF's portfolios for breaches of generally recognised responsibilities and norms under UN treaties (with an explicit reference to the UN Global Compact/SGBP) and for other behaviours which are deemed unsustainable. The screening process will be supplemented by an in-depth assessment of a company’s activities by a member of the Hermes EOS team. Where a company’s activities are found clearly to conflict with English law or with international treaties ratified by the British parliament, this will be reported by Hermes EOS to SAMCo on behalf of SCPF. This may result in one of two outcomes:

-A decision to engage with the company with a view to having the company desist from that activity. Unsuccessful engagement (after a reasonable time) can lead to divestment; or

-In exceptional circumstances where conduct is overtly unacceptable, an immediate decision to divest from the company. 

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

The screening criteria, as well as the international codes/principles used as guidelines, are described in the RI policy, which is available on the SCPF website.


LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure ESG screening is based on robust analysis.

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

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached (Not Completed)


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