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Empira

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income

アクティブ運用している債券におけるESGの組み入れ

実施プロセス

FI 01. Incorporation strategies applied

以下を記載してください。 (1)組織でアクティブ運用する債券投資について、どのESG組み入れ戦略や組み合わせを使用しているか(2)各戦略が適用されるアクティブ運用債券投資合計の割合(+/- 5%)
社債(非金融)
100 スクリーニングのみ
0 テーマのみ
0 統合のみ
0 スクリーニング + 統合戦略
0 テーマ + 統合戦略
0 スクリーニング + テーマ戦略
0 3つの戦略すべての組み合わせ
0 組み入れ戦略を適用していない
100%

01.2. 特定のESG組み入れ戦略を選択している理由と、使用する戦略の組み合わせを説明してください。

As a fund manager of private real estate debt funds, investments are screened on the basis of positive and negative criteria and an investment is made according to the result.  Through ongoing controlling of the underlying assets, the defined ESG criteria are constantly monitored and action can be taken accordingly. This approach makes it possible to identify ESG-related risks and opportunities as early as possible and to act accordingly.  EMPIRA sees ESG as a development process that is subject to continuous adaptation. The underlying catalogue of criteria is therefore also constantly analysed and further developed. 

01.3. 補足情報 [任意]


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. 組織のESG調査プロセスの堅牢性を確保する方法を記載してください。

03.2. ESG情報または分析を投資チーム内で共有する方法を記載してください。

03.3. 補足情報 [任意]

This reporting refers to private debt real estate investments where the investment process differs from "fixed income" investments. Empira invests in mezzanine, whole-loan and JV financing through the Luxembourg-based fund manager (a subsidiary of Empira AG). During the investment process, information about the potential project partner is collected and evaluated. On the other hand, the project (location, feasibility, initial investment, plans, etc.) is evaluated. This information is not publicly available for each financing request and is subject to exclusivity. Therefore, each individual investment must be considered separately and no centralised database is maintained. 

 


A) 実施:スクリーニング

FI 04. Types of screening applied

04.1. 実施するスクリーニングの種類を記載してください。

当てはまる項目を全てを選択してください
社債(非金融)
ネガティブ/ 排他的スクリーニング
ポジティブ/業界最高のスクリーニング
基準に基づくスクリーニング

04.2. 組織内でアクティブ運用している債券に適用するスクリーニングのアプローチを記載してください。

Below is a negative list of criteria that EMPIRA takes into account when analysing a financing application/financing check:

(-) Negative catalogue:
- Real estate and property projects and borrowers which are connected with violation of human and labour rights
- Real estate and property projects and borrowers related to gambling and pornography
- Real estate and property projects and borrowers in connection with the promotion of fossil fuels (including filling stations and coal-fired power plants) and nuclear energy
- Real estate and real estate projects that are already contaminated (including contaminated land with contaminated sites, buildings with contaminated construction material (asbestos etc.))

Below is a positive list of criteria that EMPIRA takes into account when analysing a financing application/financing check:

(+) Positive list:

Environmental
- Safety (natural hazards such as earthquake hazards, flooding)
- radiation / electrosmog / radon concentration
- Mobility offers (e.g. public transport, car sharing, bicycle offers)
- Waste from operations/use (composting, waste, recycling)
- Building fabric

Social
- basic services (schools, childcare)
- Sufficient shopping facilities
- Accessibility/connection to public transport
- Indoor air (solvent emissions, air pollution with nitrogen oxides, fine dust)
- Local recreation facilities
- Noise pollution 
- Medical care/hospitals

 

04.3. 補足情報 [任意]


FI 05. Examples of ESG factors in screening process (Not Completed)


FI 06. Screening - ensuring criteria are met

06.1. 債券投資においてファンドスクリーニングの基準に違反がないことを確認するために組織が使用しているシステムを記載してください。

スクリーニングの種類
ネガティブ/排他的スクリーニング​

その他

          Analysis is performed to ensure that Borrower meet screening criteria
        
ポジティブ/業界最高のスクリーニング

その他

          Analysis is performed to ensure that Borrower meet screening criteria
        

06.2. 補足情報 [任意]


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