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PT Bina Investama Infonet

Service Providers Framework 2020

You are in Strategy and Governance » Policy on ESG beliefs

Policy on ESG beliefs

SG 01. Responsible investment policy

01.1. Describe how your organisation’s philosophy incorporates environmental, social and governance factors, and the link to your business offerings.

PT Bina Investama Infonet is an Institutional Investment Advisor with license from OJK (Financial Service Authority). Our core business are Data, News & Media, and Advisory Service. At the moment our focus is in B2B area through our Data and Advisory Service offerings. Our Data provide our clients with information relating to Capital Market Sector which are composed of Mutual Funds, Stocks, Fundamental Data, Macro-Economic Data, Unit-linked, and Bonds. Pasardana is also providing tools for clients to keep track on their portfolio and export it as Reports. The users of the portfolio management tools range from pension funds to insurance companies. Our Advisory Service mainly deals with assessing the clients' investments or plans on particular assets. Our News and Media report on latest news on Indonesian Capital Market sector.

Our goals are to provide our clients with accurate capital market information and unbiased assesments. We believe greater access to accountable information will allow not only our Institutional clients, but also general public to take more informed investment decisions. Better investment decision will improve the flow of capital to well deserving companies. At the moment the information is mostly focused on performance, but in the future ESG-related information will also play major parts because rising awareness in sustainable development.

Learning from Indonesian capital market instability in Q4 2019, we increased our effort to push for more transparency in Indonesian mutual fund industry through dialogs with our client base and fellow investment advisors.

Our Data Portal can be accessed through: https://pasardana.id/

For Mutual Fund data : https://pasardana.id/fund/search

For Stock data : https://pasardana.id/stock/search

01.2. Indicate whether you have policies that formalise the incorporation of your ESG beliefs in your business offerings.

01.5. Additional information [OPTIONAL]


SG 02. Norms used to develop policies (Not Applicable)


SG 03. Policy offerings to clients

03.1. Indicate whether you offer standard, off the shelf, policies to clients as part of your product offerings, and/or whether you create tailored versions for individual clients.

Off the shelf
Tailored
Asset class-specific RI guidelines
Sector-specific RI guidelines
Screening/exclusions policy
Engagement policy
(Proxy) voting policy
RI guidelines set out within the Investment Policy Statement (IPS)
RI guidelines set out in a freestanding RI policy
Multi-year RI implementation project plan
Conflict of interest management policy
Stockbroker allocation policy
Securities lending policy
Other, please specify (1)
Other, please specify (2)
Other, please specify (3)
None of the above

03.2. Provide a brief description of the key elements, any variations, or exceptions applying to these policies.

At the moment we still have yet to incorporate ESG factors and RI-consideration as we are still learning about the matters. However we will inform our clients if there is some transparency issue in the target company especially which relates to Prospectus and Fund Factsheet publications.

03.3. Additional information. [OPTIONAL]


SG 04. ESG/RI in business offerings (Not Applicable)


SG 05. Outsourcing of services (Private)


SG 06. Providing training/education

06.1. Indicate whether you provide training/educational services on ESG/RI. Tick all that apply.

06.4. Additional information. [OPTIONAL]

We have yet to provide any training.


SG 07. Applying, advancing and promoting the PRI principles

07.1. Describe how your organisation applies, advances and promotes the PRI Principles.

We are still studying on how we could implement it on our business model. However we are developing a tools which will help our clients to discover if there is a transparency issue in an investment manager.

07.2. Highlight whether there are any ways that your organisation would like to engage further with the PRI. [OPTIONAL]


SG 08. Actions taken to promote responsible investment

08.1. Indicate which of the following actions your organisation has taken to promote responsible investments during the reporting year, independently of collaborative initiatives.

08.2. Additional information. [OPTIONAL]

We have requesting the Financial Service Authority to push the fund managers to be more transparent in dsclosing their portfolio holdings.

The failure of Indonesian FSA to act relating to this issue have prove disastrous when the mutual fund industry rocked by scandals on Q4 2019.


SG 09. Long term trends

09.1. Indicate which of the following long-term trends are addressed in your product outputs.

09.3. If none of the above are applicable, please explain why not.

We are still evaluating on how to best address the issues on our services and products.


SG 10. Interaction with asset owners

10.1. Indicate whether you interact with asset owner clients.

10.2. Indicate the typical frequency and type of interactions with your asset owner clients.

Type of interaction

Frequency

10.3. Additional information. [OPTIONAL]

There are push for the industry to increase retail portion. It might incentives companies to increase their RI as part of image branding.


SG 11. Aligning approach with investor goals

11.1. Describe how you typically align your organisation’s philosophy and approach to ESG/RI with your investor clients’ goals.

11.2. Additional information. [OPTIONAL]


SG 12. ESG recommendations not aligned with investor goals

12.1. Describe what steps you take, if any, when your ESG recommendations are not in line with your investor clients’ goals.

12.2. Additional information. [OPTIONAL]

We have yet to issue any ESG recommendations.


SG 13. Seeking feedback from clients

13.1. Indicate whether you seek feedback from clients on your RI/ESG services and product offerings

13.3. If not, please explain why.

We have yet to offer RI/ESG services and product offerings.


SG 14. Managing conflicts of interest

14.1. Indicate whether your organisation has a policy for managing potential conflicts of interest.

14.4. Additional information. [OPTIONAL]


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