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Ardevora Asset Management LLP

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


Ardevora’s investment process lies at the heard of everything it does. Ardevora’s objective is to generate significant outperformance over the long-term whilst maintaining a relentless focus on risk.

Ardevora are dedicated to achieving the best possible risk-adjusted returns for its investors and believe responsible investment ("RI") is an important factor in achieving this. As part of this Ardevora strive to gain an understanding of the relevant environmental, social, governance ("ESG") issues applicable to Ardevora's investments.

To enhance Ardevora’s ESG understanding and supplement existing fundamental research, Ardevora collects ESG information from third-party providers of ESG research, which strengthens its Fund Managers understanding of a company’s ESG practices and risks. The external service provider reports are used to derive scores for ESG respectively. Identifying and incorporating ESG factors does not substitute Ardevora’s existing investment process. It presents additional factors to be considered in the investment decision.

Ardevora’s Global Long-only Equity SRI Fund has exposure to a broad spread of stocks in most of the major equity markets. The construction of the Fund includes an overlay screen, which include some of the principles of Sustainable Responsible Investment ("SRI").

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

Part of the responsibilities of Ardevora include reviewing and defining Ardevora’s consideration of ESG factors and any necessary screen. Once a decision is made by Ardevora to amend or offer different screenings, clients and/or beneficiaries will be duly consulted before any changes are implemented.

Additionally to the Ardevora SRI Fund mentioned, client segregated accounts may impose their own specific screens which they would have Ardevora apply. For example, one of Ardevora's clients has it impose a controversial weapons screen over and above the Ardevora firm level screen.

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.

05.3. 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)