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You are in Direct - Listed Equity Incorporation » Outputs and outcomes
Screening based on ESG
This is a case of a steelmaker in Japan. We asked the company how it foresees its potential hike in costs for the global warming gas emission reduction as well as its potential increase in demand for its technical superiority. Also, we confirmed it its potential burden in case if its market introduces carbon pricing.
We did not change our judgement for the company. The reason is that the potential impact from the introduction of the carbon pricing was within our assumption and that there was no discrepancy between the company and SNAM on the opportunity and risks. Thus, the information did not affect on the way we see the company.
In some of the funds that we manage, we screen out companies which are the precursors of work-style reform as well as obtain strong earnings results.
We invest in 39 companies.
In some of the ESG-tilted funds that we manage, based upon our proprietary ESG questionnaires, we screen out companies in light of “environmental management” “environmental communication” and “environmental performance”.
We invest in 86 corporates.
In some of the ESG-tilted funds that we manage, based upon our proprietary ESG questionnaires, we score companies and invest in the best-class.
We invest in 286 corporates.
This is a case for a construction material manufacturing company in Japan. It turned out that the company was engaged in a misbehavior for its products although the products were used as essential parts for buildings. Thus, we integrated its potential examination fees and changing cost that are adherent to its mismanagement into our earnings forecast.
We regarded that it is not appropriate, as a responsible investor, to continue to invest in the company. We sold off the name in the entire funds that we manage.