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Pendal

PRI reporting framework 2020

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

A) 実施:スクリーニング

FI 04. Types of screening applied

04.1. 実施するスクリーニングの種類を記載してください。

当てはまる項目を全てを選択してください
SSA
社債(金融)
社債(非金融)
ネガティブ/ 排他的スクリーニング
ポジティブ/業界最高のスクリーニング
基準に基づくスクリーニング

04.2. 組織内でアクティブ運用している債券に適用するスクリーニングのアプローチを記載してください。

  • Our Ethical/Exclusionary screening approach screens issuers based on material business involvement in activities, the most common being tobacco, alcohol, gaming, weapons, pornography, thermal coal and oil sands. Materiality is typically 10% of revenue.
  • All things being equal, we apply an active positive tilt on issuers who rank high on sustainability scores, Issuers with low scores will be excluded.
  • In addition, "Use of Proceeds" holdings go through a two-step process where we assess the sustainability of the issuer and the security - both steps need to be cleared for a security to be deemed investable. The security is deemed investable if it is certified Green, Climate, Social or Sustainable based on an approved industry standard (e.g. Climate Bond Initiative or International Capital Markets Association Green Bond Principles).
  • Screening criteria is applied every month and portfolio changes are communicated in the monthly performance reports.

04.3. 補足情報 [任意]


FI 05. Examples of ESG factors in screening process

05.1. スクリーニング条件に含まれているESG要因の例を挙げてください。

種類

ESG要因

スクリーニング

スクリーニングの説明

Select fixed income funds will not invest in issuers with material business involvement in the extraction of thermal coal and oil sands production. We generally consider that an issuer has a material business involvement in an activity if 10% or more of its total revenue is derived from that activity.

種類

ESG要因

スクリーニング

スクリーニングの説明

Select fixed income funds will not invest in issuers with material business involvement in manufacture or provision of gaming facilities, due to social harms from gambling. We generally consider that an issuer has a material business involvement in an activity if 10% or more of its total revenue is derived from that activity.

種類

ESG要因

スクリーニング

スクリーニングの説明

Select fixed income funds will not invest in issuers with unethical business conduct and poor governance, as determined through our proprietary sustainability assessment.

種類

ESG要因

スクリーニング

スクリーニングの説明

Select fixed income funds positively screen for issuance relating to products or services which contribute to positive environmental outcomes. For example, we actively seek opportunities to invest in Green Bonds and other sustainability bonds, which support climate change, water security and other environmental benefits.

種類

ESG問題および説明

スクリーニング

スクリーニングの説明

Select fixed income funds positively screen for issuance relating to products or services which contribute to positive social outcomes. For example, we actively seek opportunities to invest in Social Bonds and corporate debt which supports education, affordable housing and other benefits to the community.

05.2. 補足情報 [任意]


FI 06. Screening - ensuring criteria are met

06.1. 債券投資においてファンドスクリーニングの基準に違反がないことを確認するために組織が使用しているシステムを記載してください。

スクリーニングの種類
ネガティブ/排他的スクリーニング​
ポジティブ/業界最高のスクリーニング

06.2. 補足情報 [任意]

The audit of fund holdings for screening purposes are addressed through Pendal’s annual internal controls report (GS007) The controls are tested on a sample basis and include the controls covering the establishment of investment guidelines system and monitoring and escalation of breaches.


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