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Weberbank Actiengesellschaft

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes

Implementation processes

LEI 01. Percentage of each incorporation strategy

01.1. Indicate which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities; and the breakdown of your actively managed listed equities by strategy or combination of strategies.

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied — you may estimate +/- 5%
100 %
Total actively managed listed equities 100%

01.2. Describe your organisation’s approach to ESG incorporation and the reasons for choosing the particular strategy/strategies.

ESG issues are addressed in collaboration with our research partners. We defined exclusionary criteria on the basis of but not limited to the UN Global Compact for companies and do not invest in any asset from any company that violates one or more criteria.

A screening is the most efficient and straightforward approach to avoid critical business areas (such as tobacco or weapons) and controversial business practices like corruption or the violation of human rights.

We review all assets we are invested in at least quarterly or on an ad-hoc basis and we divest in a timely manner if necessary. The responsibility for the sell or buy decisions is in the hands of our portfolio managers.

 

01.3. If assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]


LEI 02. Type of ESG information used in investment decision

02.1. Indicate what ESG information you use in your ESG incorporation strategies and who provides this information.

Type of ESG information

Indicate who provides this information  

Indicate who provides this information 

Indicate who provides this information 

Indicate who provides this information 

Indicate who provides this information 

02.2. Indicate whether you incentivise brokers to provide ESG research.

02.4. Additional information. [Optional]


LEI 03. Information from engagement and/or voting used in investment decision-making

03.1. Indicate whether your organisation has a process through which information derived from ESG engagement and/or (proxy) voting activities is made available for use in investment decision-making.

03.2. Additional information. [Optional]


(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]


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