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Eurizon Capital SGR

PRI reporting framework 2020

Export Public Responses

You are in Strategy and Governance » Investment policy


SG 01. RI policy and coverage


01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

          all controversial weapons

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

We believe that ESG issues are often materially reflected in the stock price and the sustainability of the business of our invested companies. Therefore, we took an approach of integrating environmental, social and governance (ESG) issues into investment analysis and decision-making across the full range of assets.

ESG principles are applied to all active management funds, both benchmark-based and flexible. These include specialised ESG products, which consider specific factors and use an appropriate internal ESG rating system, and ethical products with dedicated benchmarks that are managed in respect of strict criteria in selecting positive and negative issuers. ESG criteria are not applied to passive/index-linked products, and to so-called "wrapper" products (such as, for instance, funds of funds, retail and unit-linked portfolios). Every three months, the SRI Committee (chaired by the CEO) discussed about the lowest rated issuers in our portfolios, deciding about the escalation process to apply.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]



01.6. 補足情報 [任意]


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。





02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。





02.3. 補足情報 [任意]

We have always believed that companies conducting their business in ethical, responsible and sustainable manner are more likely to succeed over time benefiting both our customers and the Society.

It has been in our DNA for the last 20 years. Already in 1997 we launched the first Ethical Funds in Italy in early 2000, we commissioned a customized SRI fixed income benchmark. We believe in encouraging greater transparency and better corporate behaviours as a way to help reduce the risk and enhance the long-term value for our clients. We have then practiced soft engagement with several companies held in our ethical international portfolios.

Within the last three years we have decided to integrate environmental, social and governance (ESG) issues into investment analysis and decision-making across the full range of assets as we believe in their materiality in the stock price as much as in the environment and the society.

Our long history of SRI investing is based on the belief that we can and must offer solutions to our clients’ growing awareness on environmental and social issues.

Our approach to stewardship and active ownership draws on our conviction that investors' fiduciary responsibilities go beyond capital allocation decisions as our influence can be used to drive strong sustainability performance, which we believe delivers improved long-term returns.

SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Eurizon Capital issues a 50 pages detailed protocol procedure to manager conflict of interest, to preserve the autonomy desicion making while investing for our clients.

Document: Regulations for Managing Conflicts of Interest of Eurizon Capital SGR (last version: September 2019)

This Regulation describes the circumstances that cause or could cause conflicts of interest which may potentially harm the interests of one or more Customers/Investors/UCIs and that could arise between Eurizon Capital SGR S.p.A. and/or its Relevant Persons and the Customer/Investor/CIU or between Customers/Investors/UCIs of the SGR, when providing Investment services and activities or Collective Asset Management services or a combination of the two.

03.3. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)