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Caja Ingenieros Gestión SGIIC, SAU

PRI reporting framework 2020

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ESG incorporation in actively managed listed equities

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%
60 %
Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
10 %
Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
30 %
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.


The application of detection and integration strategies allows us to obtain those companies that comply with our ESG approach. Furthermore, these strategies add value to our investors. With the first screen, we get a portfolio free from the military or tobacco sector, or other high-level controversies.

With the integration into our ESG funds we obtain a fundamental assessment that includes ESG risks. In the case of the thematic approach, our CI Environment ISR fund only invests in companies whose contribution in the fight against climate change is relevant. (CI Climate Sostainability ISR, PP is a replica of CI Environment ISR, FI). Finally, the new investment fund CdE ODS Impact ISR, FI, mainly dedicates its focus to three of the seventeen sustainable development objectives (4, 6 and 9) and that if the companies are signatories to the covenant of nations United is also a factor that helps winter decisions.

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

We use our own ESG investment process that combines both strategies in two different steps. First, we selected a wide universe of companies with best practices in terms of ESG problems and excluded two sectors in which Caja Ingenieros Gestión does not invest, such as Army and Tobacco, and in the case of CI Environment, we also exclude companies with high intensity in coal or with aggressive oil and gas extraction practices. Then, we analyze these companies considering the performance and expectations of their return in a classic financial analysis and we integrate the ESG analysis in these companies applying our scoring model to obtain their ranking.

CdE ODS Impact is an ISR fund, which invests in companies that positively influence the Sustainable Development Goals (SDGs) and prioritizes companies whose business is contributing, to their achievement. The fund will mainly direct its investment towards three objectives, without ruling out any of the rest:

SDG 4: Quality education
SDG 6: Clean Water and Sanitation
SDG 9: Industry, innovation and infrastructure


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

They will be excluded from the investment:
- Manufacturers of weapons, explosives or military vehicles
- Manufacturers of specific components for the military industry (> 10% income)
- Tobacco manufacturers
- Other companies with specific income from the tobacco sector (> 30% income)
Additionally for the strategy focused on the fight against climate change:
- Power generation companies whose source comes from more than 30% of the coal mineral.
- Companies that participate in the exploration of energy resources in the Arctic
- Companies that carry out aggressive extraction practices, such as those referred to as "bituminous sands".

Screened by

Description

We apply a positive and best-in class screening by selection those companies included in different recognized ESG equity indexes

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

The screening criteria is established by the ESG Comitee and reviewed annually. Of course, during the year if one company doesn't meet the criteria we exclude it from he investment universe. We notiy clients quarterly if this is the case through the quarterly financial report.


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.

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

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 (Private)


(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]

Sustainability is part of our strategy as a cooperative society. There are two funds that lead this initiative, in the case of Fonengin ISR (CI Global Sustainability ISR, PP) for its combination of social, environmental and government aspects, seeking excellence in the companies and metrics that measure performance in these aspects. In the case of CI Environment ISR (CI Climate Sustainability ISR, PP), its strategy is more focused on the environment, for its fight against climate change.

Finally, the new ODS Impact ISR CdE fund is about a social strategy since it is focused on several of the 17 SDGs but more specifically on 4, Education.


(C) Implementation: Integration of ESG factors

LEI 08. Review ESG issues while researching companies/sectors

08.1. Indicate the proportion of actively managed listed equity portfolios where E, S and G factors are systematically researched as part of your investment analysis.

ESG issues

Proportion impacted by analysis
Environmental

Environmental

Social

Social

Corporate Governance

Corporate Governance

08.2. Additional information. [Optional]


LEI 09. Processes to ensure integration is based on robust analysis

09.1. Indicate which processes your organisation uses to ensure ESG integration is based on robust analysis.

09.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your integration strategy.

09.3. Indicate how frequently third party ESG ratings that inform your ESG integration strategy are updated.

09.5. Describe how ESG information is held and used by your portfolio managers.

09.6. Additional information. [Optional]

We must also take into account the reports that help our suppliers (MSCI and ISS) that are very complete and help us a lot in making decisions.


LEI 10. Aspects of analysis ESG information is integrated into (Private)


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