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Caja Ingenieros Gestión SGIIC, SAU

PRI reporting framework 2020

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。


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 have created a model of integration of ESG criteria in the process of valuation the companies we invest on. In our main ESG strategies the scoring model ranks our portfolio according to the indicators and the weigh we have determined for each pillar of the ESG and provide us an overview of those companies with a better integration of ESG criteria. We also exclude in all the strategies of the investment universe any company related with military sector, tobacco or with a serious controversies in other topics.

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]

General asset selection principles have been determined, which apply to all managed portfolios, regardless of whether they are part of the ISR strategy. These are principles that exclude investment in certain economic sectors because of their perverse effects on society. They also define in which countries investment in sovereign debt can be made.

The following principles will be met:
1) Those companies will be excluded from the investment:
to. Manufacturers of weapons, explosives or military vehicles
b. Manufacturers of specific components for the military industry (> 10% revenue)
c. Tobacco manufacturers
d. Other companies with specific income from the tobacco sector (> 30% revenue)

2) The sovereign debt of countries that are classified with a medium or low HDI according to the UN will be excluded from the investment.

For the funds that are part of the ESG strategy, Fonengin ISR and Caja Ingenieros Environment ISR, a company selection model based on integration has been developed that provides greater added value due to the analysis of its extra-financial risks. It starts from the characteristic universes of each of the funds, detailed below, but also takes into account the basic principles of exclusion indicated above.

The fundamental part of the integration model is a process that qualifies how companies are acting in the area of ​​responsibility, so that it is possible to include the ESG risk management carried out by the company in the financial valuation. With the information that the manager obtains through a supplier or in other ways, it determines if it should include an ASG premium in the valuation or, on the contrary, make a discount, for what ends up influencing the decision to include the company in the ESG strategy or in the weight assigned to the position.

01.6. 補足情報 [任意]


SG 01 CC. Climate risk

01.6 CC. 投資期間において特定され、組織の投資戦略・商品に組み込まれている気候関連のリスクおよび機会について記述してください。

特定された気候関連の移行リスク・物理的リスクおよび機会、ならびに投資戦略・商品にそれらがどのように組み込まれているかを説明してください。(500 語以内で自由に記載)

From Caja de Ingenieros we are increasingly involved in the Risk-Impact relationship. Managers take this into account in their investment decisions, that is, what positive impacts the companies in which they invest can provide. Ww monitorize the carbon footprint in all our portfolios, and verify the emissions evolution to comply with 2030 budget.

With the suppliers we have, such as MSCI, we are asked for information on the ESG criteria that facilitate decision making and the style of the companies that can be taken into account and those that cannot.

01.7 CC. 組織はそれら気候リスクの可能性および影響を評価しましたか?


With the suppliers we have, such as MSCI, we are asked for information on the ESG criteria that facilitate decision making and the style of the companies that can be taken into account and those that cannot.

01.8 CC. 組織はTCFDを公式に支持しますか?


We are signatories of Montreal Pledge.

01.9 CC. 重大な気候関連リスクおよび機会を特定・管理する組織全体の戦略がありますか?


The strategy for the identification of risks and opportunities in climate change is led by the manager of the thematic strategy Environment ISR. Together with his team he analyzes the companies exposed to the risk of energy transition, making internal reports with this information, to raise it to the ISR committee. This committee analyzes the risks inherent in the evolution of the decarbonisation trend and provides information provided by suppliers.

1.10 CC. TCFD開示を発表するために組織が使用する文書/通信を示してください。


          Montreal Pledge report

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]

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。

All the portfolio managers and the responsible managers of each area of the firm are requested to accept an internal code of behaviour which describes what is supposed to do in case of conflicts of interests. Moreover, we have a specific code to deal with related-party transactions in order to avoid these conflicts of interests.

Both documents are approved by the board of directors of the firm and we report to them any observed transaction that could be suspicions according to these documents.

03.3. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)