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Weberbank Actiengesellschaft

PRI reporting framework 2020

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

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

For the majority of our ESG investments we apply a single approach that excludes fixed income securities from 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)

All companies we invest in will meet at least the UN Global Compact Principles which is ensured by our exclusionary screenings.

We also exclude bonds from countries that violate globally recognized standards:

  • labour conditions
  • child labour
  • human rights controversies
  • non-ratification of the Kyoto Protocol
  • corruption
  • authoritarian regime
  • dealth penalty

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

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening

other description

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

other description

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

06.2. Additional information. [Optional]


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