This report shows public data only. Is this your organisation? If so, login here to view your full report.

Weberbank Actiengesellschaft

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

Description

For the majority of our ESG investments we apply a single approach that excludes companies that violate globally recognized standards or operate in controversial business areas (with more than 10% of sales):

 

  • alcohol (producers and distributors of high-percentage alcoholic beverages)
  • nuclear power (producers and distributors of nuclear energy, uranium and components of nuclear power plants)
  • biocides (producers)
  • embryonic research (specialized companies)
  • gambling (particularly controversial types)
  • GMOs (producers, users and distributors)
  • pornography (producers and distributors)
  • military (producers and distributors of weapons and other military equipment)
  • controversial weapons (all producers and distributors, regardless of percentage of sales)
  • tobacco (producers and distributors)
  • animal testing (if not legally required)
  • human rights controversies (companies and suppliers)
  • labour rights controversies (companies and suppliers)
  • controversial environmental practices (producers and suppliers)
  • business malpractice (corruption, accounting)

 

Clients can change and amend the screening with their own understanding of ESG investing.

Screened by

Description

The exclusionary screening we use for the majority of our ESG investments is based on the ten UN Global Compact Principles. With help from our research partners who conduct the exclusionary screenings, all companies we invest in will meet at least the UN Global Compact Principles.

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

The exclusionary list has been established based on international accepted guidelines, conversations with clients and past experience. It is based on the UN Global Compact Principles. In our experience the set of exclusionary criteria we use is a very good match of our clients' understandings of ESG implementation into the investment process. The criteria are regularly reviewed and changed if necessary. We inform our clients directly in a personal meeting, which usually takes place quarterly.


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.

05.2. Indicate the proportion of your actively managed listed equity portfolio that is subject to comprehensive ESG research as part your ESG screening strategy.

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.4. Indicate how frequently you review internal research that builds your ESG screens.

05.5. Additional information. [Optional]


LEI 06. Processes to ensure fund criteria are not breached

06.1. Indicate which processes your organisation uses to ensure fund criteria are not breached.

          In addition to the systematic checks, we are informed ad hoc about changes in the investable universe by our research partners.
        

06.2. If breaches of fund screening criteria are identified, describe the process followed to correct those breaches.

We will sell stocks that no longer meet the screening criteria and thus have to be excluded. The divestment will take place in a timely manner.

06.3. Additional information. [Optional]


Top