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Sparda-Bank Muenchen eG

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

Our internally managed active fixed income investments are subject to our strict "Gemeinwohl-Ökonomie" principles (see, just like all our business operations are. These principles can be found in this "Gemeinwohl-Bericht" mentioned from page 18 on.

One main rule required by law of conducting fixed income investment operations is "No limit, no trade". That means every single investment that we want to do has to have a pre-setup and approved credit limit. A pre-requisite for this approval is compliance to our strict "Gemeinwohl-Ökonomie" principles. To make sure these requirements are met, ESG data are part of our analyses just like annual reports, financial analyses, cover pool analyses etc. Sufficient ESG data scores are always and everywhere prerequisite for approving and maintaining credit limits. At least annually, when the latest annual reports are published, we repeat this process of screening our investments. Moreover, we have setup excel-based analysis tools that provide us updated ESG data when available on a daily basis.

04.3. Additional information. [Optional]

FI 05. Examples of ESG factors in screening process (Not Completed)

FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening
Positive/best-in-class screening

06.2. Additional information. [Optional]