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KBI Global Investors

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


All portfolios do not invest in companies involved with controversial weapons, companies which are in serious breach of the ten Principles of the Global Compact, and companies which have significant exposure to coal extraction or coal-fired electricity generation.

In addition, for some portfolios we also exclude companies known to have fossil fuel reserves, and companies involved with certain controversial business activities such as tobacco, adult entertainment, stem cell research, and companies with the lowest ESG rating as provided by an external ESG research provider.

Additionally, we manage SRI-screened versions of our Water strategy for some clients based on their criteria, and we comply with Febelfin screens for our KBI Water Fund, which is a UCITS. For another subset of clients, we also screen out countries that these clients wish to avoid based on support for objectionable activities.

Screened by


We exclude - for all portfolios - companies which are involved in serious breach of the Principles of the Global Compact.

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

Changes to exclusionary policy are made available in a variety of ways, including direct communications to existing clients, and publication in our annual Responsible Investing report (available via our 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]

Our Responsible Investing Committee, comprised of high-level staff from across the business including three of the firm's five Executive Directors, has responsibility and oversight of all screening (and other ESG) policies.  A full review of our screening supplier is carried out annually.

LEI 06. Processes to ensure fund criteria are not breached

06.1. Indicate which processes your organisation uses to ensure fund criteria are not breached.

06.2. If breaches of fund screening criteria are identified, describe the process followed to correct those breaches.

In such circumstances the stock would be sold from the portfolio at the earliest practical opportunity, bearing in mind the clients' best interests.  Our Risk Committee would be informed of the breach, and a report on the circumstances as to how the error arose would be prepared by our Compliance & Risk Department and circulated to the various parties involved and to the Risk Committee.  Any learnings from the error or the report into the error would of course be implemented as soon as practical.

06.3. Additional information. [Optional]