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Central Finance Board of the Methodist Church / Epworth Investment Management

PRI reporting framework 2020

Export Public Responses

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Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

Negatively excluding specific industries on ESG and ethical grounds - such as gambling and alcohol - reduces our starting investment universe. However, we rebalance the portfolio to maintain approximate sector benchmark weighting.

Specify the percentage reduction (+/- 5%)

15 %

Describe any alteration to your investment universe or other effects.

When thematic research has been carried out, resulting in a single stock or a collection of stocks being excluded from our investment universe, we seek to alter the universe by replacing those excluded stocks with stocks that share similar economic characteristics.  For example, in the case of the defence industry, we replace those exclusions with capital goods companies that have negligible or no exposure to military sales.

Select which of these effects followed your ESG integration.

12.2. Additional information.[Optional]

The work that we have done on climate change has recently reduced the size of the investment universe in the Resources economic grouping. 

LEI 13. Examples of ESG issues that affected your investment view / performance (Private)