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British Columbia Public Service Pension Board of Trustees

PRI reporting framework 2020

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

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

Across our investment agent, BCI's, assets, including Fixed Income, BCI excludes from their investment universe companies whose activities would violate the Anti-Personnel Landmines Convention or the Convention on Cluster Munitions. Furthermore, for corporate bonds (financial and non-financial) and private credit, certain industries and companies are avoided based on business involvement concerns.

For positive/best-in-class screening, BCI tracks the investable universe of green/social/sustainable bonds and when an issuance meets BCI's investment criteria from a credit and valuation perspective, they assesses the bond framework, second/third party opinion or certification and overall sustainability disclosure of the issuer to opine on positive E&S impacts. In addition, in the corporate (non-financial) investment grade space, BCI identifies companies that obtain high scores to the CDP disclosure frameworks.

04.3. Additional information. [Optional]

FI 05. Examples of ESG factors in screening process (Private)

FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening

other description

          Our investment agent, BCI's, exclusion list for Landmines and Cluster Munitions is communicated and shared with all of their investment staff.
Positive/best-in-class screening

06.2. Additional information. [Optional]