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Sycomore Asset Management

PRI reporting framework 2020

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

(B) Implementation: Thematic

FI 07. Thematic investing - overview

07.1. Indicate what proportion of your thematic investments are (totalling up to 100%):

Specify

          Bonds in the Sycomore Next Generation fund are chosen based on the environmental, societal or human capital contribution of the issuer.
        
7 %

07.2. Describe your organisation’s approach to thematic fixed income investing

Screening + Integration + Thematic 

Sycomore Next Generation (SNG) launched in 2019 is an SRI labelled balanced fund. 

SNG's approach consists in filtering the universe for the best SPICE scores (rating above 2.5 out of 5) and selecting stocks and bonds based on 3 themes: 

- Better environment (Net Environmental Contribution)

- Better life (societal contribution)

- Better work (human capital contribution)

07.3. Additional information [OPTIONAL]


FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

          Issuers not disbursing bond proceeds as described in the offering documents would be rated negatively in our SPICE model under our capital allocation criteria.
        

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

Even though our process is based on screening at the issuer level rather than at the bond level, we value corporate integrity. Therefore, issuers not disbursing bond proceeds as described in the offering documents would be rated negatively in our SPICE model under our capital allocation criteria

08.3. Additional information. [Optional]


FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

09.2. Additional information. [Optional]

Every year we publish Art.173 reports for our SRI Bond fund Sycomore Selection Credit (Sycomore Next Generation being a new fund, the 2019 report is not yet available). These include data on the gender equality, human rights and environmental impact profile of the portfolio, as well as exemples of societal impact of selected holdings. The information is available in our website: https://en.sycomore-am.com/5d7f87ce-RAPPORT_SSC_UK_2019.pdf


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