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Baillie Gifford

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(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


Screened strategies are driven by both client specific restrictions on segregated mandates and fund level restrictions on a number of internally managed funds. Client specific restrictions are driven from client requirements and include provisions in their investment mandate that preclude us from investing in certain sectors due to social or ethical considerations including alcohol, armaments, gambling, adult content and tobacco.

We generally do not exclude on the basis of industry, but instead incorporate material issues into the investment research and analysis. We are ultimately looking for sustainable long-term sustainable growth and therefore these issues do matter both from a positive and negative perspective.

There are a number of investment strategies that run an ethical pooled vehicle with pre-determined screens alongside the primary investment strategy. Screens applied to these strategies include norms based screens and revenue based business activity screens.

When screening applies, data from an external research provider is used to screen companies’ performance relative to various ESG factors

Screened by


UN Global Compact Principles are used in the screening criteria of a number of our screened strategies. 

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

Screening criteria determined by our clients is based on ever-evolving ESG norms and expectations. As such they are involved in any decision to review and change the criteria.

For screened portfolios, any changes are communicated through updates to the prospectus and relevant documentation which is provided to the clients.  

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.

05.5. Additional information. [Optional]

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