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PRI reporting framework 2020

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

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
Corporate (non-financial)
100 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

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. Additional information [Optional].

FI 02. ESG issues and issuer research (Private)

FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

03.3. Additional information. [Optional]

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.