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Fondita Fund Management Company Ltd

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities; and the breakdown of your actively managed listed equities by strategy or combination of strategies.

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
100 %
Total actively managed listed equities 120%

01.2. Describe your organisation’s approach to ESG incorporation and the reasons for choosing the particular strategy/strategies.

ESG incorporation strategy is chosen on a case by case basis. Some sectors are dismissed on screening basis and others require a more thorough look at the company and their business. We automatically exclude companies that violates UN Global Compact.  We use several tools to analyse our portfolio companie's ESG-scores. All holdings are monitored in MSCI's and Morningstars'/Sustainalytics' database. The fund managers use both qualitative and quantitative methods in their investment process. The portfolio managers also consider qualitative sustanability information, such as sustainability reports, direct dialogues with the companies etc. in the investment process.  

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]


LEI 02. Type of ESG information used in investment decision (Private)


LEI 03. Information from engagement and/or voting used in investment decision-making (Private)


(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

Description

We avoid companies producing or selling cluster bombs, landmines, chemical and biological weapons, nuclear wepons, weapons, tobacco, pornography, uranium and GMO.  We also take other ESG - factors into account when excluding businesses from our equity funds. The funds have different exclusions and some of the funds with sustainability themes have more screening criteria than above mentioned. 

Screened by

Description

We do not invest in companies that does not follow international standards and guidelines. We perform a regular screening against the UN Global Compact principles, if any of our companies does not comply with the principles, the portfolio managers must divest the holding within a reasonable time frame. 

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

We discuss these matters with our clients when necessary and when clients show an interest in these issues.
 


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.

05.3. 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]


LEI 06. Processes to ensure fund criteria are not breached (Not Completed)


(B) Implementation: Thematic

LEI 07. Types of sustainability thematic funds/mandates

07.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

07.2. Describe your organisation’s processes relating to sustainability themed funds. [Optional]

One of our eight equity funds (Fondita Sustainable Europe) are completely dedicated to investing in the environmental theme. The fund focuses on companies with low carbon emissions and companies that use natural resources in a more efficient way. The funds AUM amounts to appr. 5% of the total AUM. Another fund (Fondita 2000+) invests in companies that are actively involved in environmental businesses or businesses involved in themes related to the aging of population. This funds AUM amounts to appr. 20 % of Fonditas total AUM. We also have a Healthcare fund (6 % of total AUM) focusing on companies whose activities promote the populations health and well-being. 


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