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Christian Brothers Investment Services, Inc.

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

資産配分におけるESG問題

SG 13. ESG issues in strategic asset allocation

13.1. 貴社組織がシナリオ分析および/またはモデリングを実施するか記述してください。実施する場合、 シナリオ分析について説明してください(資産クラス別、セクター別、戦略的資産配分等)。

25語以内で説明してください 。 CBIS undertook climate scenario analysis for several of our funds in 2019. We also discuss climate risk and scenario analysis issues with our managers, and what abilities they may have to perform such analysis across our fund offerings.

13.2. 組織が戦略的な資産配分やセクターまたは地理的な市場間での資産の配分においてESG問題を考慮しているかどうかを記載してください。

以下を行っている

13.3. 補足情報 [任意]


SG 13 CC.

13.4 CC. 貴社組織が気候関連のリスクおよび機会を管理するためにどのようにシナリオ分析を利用しているかについて(分析がどのように解釈されているか、その結果、将来の計画等)、記述してください。

500語以内で自由に記載

CBIS has completed carbon footprinting and climate scenario analysis across several but not all funds. We reviewed the results with the manager, which did shed light on where carbon exposure was currently, and in which sectors, and highlighted policy risks related to climate change from large weightings within the selected funds. 

500語以内で自由に記載

Several companies in the footprinting assessment were already on our climate focus list for engagement. However, it was interesting to see small positions of some companies produce outsized carbon impacts, so it gave us additional information, when combined with the scenario assessment, on whether any targeted action in subsectors might be warranted in the future if emissions are not driven down by technology or business model shifts. It also gave us insights into international climate policy initiatives that we may want to focus on, for particular geographies (like physical risks and impacts to emerging markets).

13.5 CC. この分析をだれが利用するか記述してください。

13.6 CC. 貴社組織がその投資戦略について、投資期間を超えて、気候関連リスクの影響を評価しているか記述してください。

500語以内で自由に記載してください。

We have evaluated climate risk impacts for certain sub-sectors, but not yet the portfolio as a whole. We have engaged major fossil fuel companies and auto makers for over 20 years on climate risk and strategy, and the scenarios checked in SG 13.7 CC below are the ones we discuss with them, and our managers, to better understand the trajectory and risk for the whole industry, and industries and asset classes dependent on them.

Other than sector specific risks, climate change impacts all asset classes and securities, and asset allocation and portfolio construction. As a manager of managers, it has been difficult to understand future climate risks to the overall portfolio because we are not selecting the securities for each fund. We have, however, begun the methodology and data provider scoping to rate each of our corporate securities across a spectrum of environmental, ethical, and human rights criteria, which will be provided to managers when completed in 2021 (the Catholic Score). All things being equal, we are encouraging our managers to select the securities with the higher-rated human rights and environmental scores. Once that exercise is commonplace across our funds, we will be in a better position to understand some climate risks and opportunities across the portfolio, and individual funds themselves.

13.7 CC. 一定の範囲の気候シナリオを利用しているか記述してください。

13.8 CC. 貴社組織が用いる気候シナリオについて記述してください。

提供者
使用するシナリオ
IEA
IEA
IEA
IEA
IEA
IRENA
グリーンピース
持続的発展研究所
ブルームバーグ
IPCC
IPCC
IPCC
IPCC
その他
その他
その他

SG 14. Long term investment risks and opportunity

14.1. 一部の投資リスクと機会は長期トレンドの結果として発生します。貴社では、以下のどの項目について考慮するか明示してください。

その他(具体的に記入してください)(1)

          Energy transition and job training versus job loss.
        

other description (2)

          Global health impacts and ICT industry user privacy and safety.
        

14.2. 気候に関するリスクと機会に対応して組織で実施されている活動を選択してください。

具体的に記入してください

          Used climate data and risk analysis in our engagement and proxy voting actions.
        

14.3. 次のツールの中から気候関連リスクと機会の管理に組織が用いているものを選択してください。

その他(具体的に記入してください)

          We engage high-risk companies we own to stress-test their portfolios against a 2-degree or less scenario and to support robust public policy.
        

14.5. 補足情報 [任意]


SG 14 CC.

14.6 CC. 気候に関連するリスクと機会を評価するために使用されるこれらの重要な指標についての詳細を記入してください。

指標の種類
カバレッジ
目的
指標の単位
方法
カーボンフットプリント(スコープ1と2)
          Better understanding of fund risk.
        
          
        
          
        
炭素関連資産へのエクスポージャー
          Better understanding of fund risk.
        
          
        
          
        

14.8 CC. 気候関連のリスクが全体のリスク管理に組み込まれているかどうか記述してください。また、気候関連リスクを特定、評価、管理するために利用されたリスク管理プロセスについて説明してください。

500語以内で自由に記述。

We are currently assessing how our manager-of-managers structure, with a multi-manager strategy for most of our funds, can systematically and consistently apply a climate risk process and risk methodology for the entire portfolio, which is difficult. We have started the process of querying managers on their climate capabilities, to better determine what can happen across our assets on a consistently-applied basis.

14.9 CC. 貴社組織がTCFD採用を促すアクティブオーナーシップ活動を行うか記述してください。

説明してください。

We focus on engaging top fossil fuel producers and auto makers in our climate engagements--both through the CA 100+ initiative, and as stand-alone discussions. We ask every company engaged on climate risk to support the TCFD and to report in alignment with it. We make space in our dialogues to review with companies any challenges presented by the TCFD, and we have taken the time in 2018-2019 to have more in-depth conversations with companies about the expectations placed on investors, and not just themselves, to more accurately report on climate related risks, actions, and response. That has typically changed the conversation, when companies know that we as investors are also being held to account for climate performance, and that those reporting and accountability expectations are growing for the company's investor base.


SG 15. Allocation of assets to environmental and social themed areas

15.1. 貴社にて、特定の環境および社会をテーマとする分野に基づいてファンドに資産を配分したり、ファンドを運用しているかどうかについて明示してください。

15.4. 含めたい補足情報があれば、添付してください。 [任意] 



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