This report shows public data only. Is this your organisation? If so, login here to view your full report.

AMF

PRI reporting framework 2020

Export Public Responses
Pdf-img

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (C) Implementation: Integration

(C) Implementation: Integration

FI 10. Integration overview

10.1. Describe your approach to integrating ESG into traditional financial analysis.

The starting point for all our investment decisions is what is best for our customers, focusing on expected returns given a desired risk level. Our view is that companies that have good management of their sustainability risks and opportunities, and work actively with sustainability issues, are more well-managed and have a better ability than other companies to generate high returns for our customers over time.

 

 

 

 

10.2. Describe how your ESG integration approach is adapted to each of the different types of fixed income you invest in.

SSA

Positive screening and norms-based screening where applicable. Climate related considerations through both analysis and screening. 

Corporate (financial)

Positive screening and norms-based screening. Climate related considerations through both analysis and screening. 

Corporate (non-financial)

Positive screening and norms-based screening. Climate related considerations through both analysis and screening. 

Securitised

Positive screening and norms-based screening. Climate related considerations through both analysis and screening. 

10.3. Additional information [OPTIONAL]

 


 

 


FI 11. Integration - ESG information in investment processes

11.1. Indicate how ESG information is typically used as part of your investment process.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
ESG analysis is integrated into fundamental analysis
ESG analysis is used to adjust the internal credit assessments of issuers.
ESG analysis is used to adjust forecasted financials and future cash flow estimates.
ESG analysis impacts the ranking of an issuer relative to a chosen peer group.
An issuer`s ESG bond spreads and its relative value versus its sector peers are analysed to find out if all risks are priced in.
The impact of ESG analysis on bonds of an issuer with different durations/maturities are analysed.
Sensitivity analysis and scenario analysis are applied to valuation models to compare the difference between base-case and ESG-integrated security valuation.
ESG analysis is integrated into portfolio weighting decisions.
Companies, sectors, countries and currency and monitored for changes in ESG exposure and for breaches of risk limits.
The ESG profile of portfolios is examined for securities with high ESG risks and assessed relative to the ESG profile of a benchmark.
Other, specify in Additional Information

11.2. Additional information [OPTIONAL]


FI 12. Integration - E,S and G issues reviewed

12.1. Indicate the extent to which ESG issues are reviewed in your integration process.

Environment
Social
Governance
SSA

Environmental

Social

Governance

Corporate (financial)

Environmental

Social

Governance

Corporate (non-financial)

Environmental

Social

Governance

Securitised

Environmental

Social

Governance

12.2. Please provide more detail on how you review E, S and/or G factors in your integration process.

SSA

ESG ratings and climate related analysis, primarily from service providers, are integrated in the investment process. 

Corporate (financial)

ESG ratings and climate related analysis, primarily from service providers, are integrated in the investment process. 

Corporate (non-financial)

ESG ratings and climate related analysis, primarily from service providers, are integrated in the investment process. 

Securitised

ESG ratings and climate related analysis, primarily from service providers, are integrated in the investment process. 

12.3. Additional information.[OPTIONAL]


Top