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PRI reporting framework 2020

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You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities; and the breakdown of your actively managed listed equities by strategy or combination of strategies.

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
100 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to ESG incorporation and the reasons for choosing the particular strategy/strategies.

AMF has ethical principles and ownership policy set out approved by the Board of Directors. AMF does not implement any exclusion strategy for specific industries or sectors other than norms-based company specific screening (which includes a controversial weapons screen). We have chosen an ESG best in class methodology benchmark for equities, and has implemented MSCI and Sustainalytics ESG research as an intergral part of our investment process. This is also implemented within our subsidiary AMF Fonder. AMF is an active stockpicker and selects stocks from a more sustainable universe. 

​In 2018, we have also implemented a Climate related policy: We screen and divest from thermal coal (10% of revenue threshold) and have asopted a restrictive approach to high emission sectors. 

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]

LEI 02. Type of ESG information used in investment decision (Private)

LEI 03. Information from engagement and/or voting used in investment decision-making (Private)

(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


Every six months we perform norms-based negative screening for all our equities and corporate bonds. We co-operate with an external specialist, Sustainalytics, for the norms-based screening.

As of 2018, AMF screens and divests from coal mining companies (10% of revenue threshold). 

Screened by


We invest mainly in companies within the MSCI ACWI ESG Leaders Index. Portfolio Managers have the option to invest outside the index if they engage actively with the company in order to influence the investee to improve its ESG work. Special documentation of the case is called for, it is a comply or explain process.

Screened by

          •Ottawa convention
 •Convention on cluster munitions (CCM)
 •Chemical weapons convention (CWC)
 •Biological weapons convention (BWC)
 •Treaty of the non-proliferation on nuclear weapons (NPT)


We largely base our support of norms and conventions on what norms and conventions that are supported by the Swedish Government. 

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

Any changes to the norms and conventions for AMF to follow are established with the Board of Directors of AMF. 

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.

05.5. Additional information. [Optional]

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

(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




Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]

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.

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]

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