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    Environmental, Social, and Governance

    Exclusionary Screening

    Exclusionary screening is the process by which investors can eliminate exposure to certain investments to align with their preferences. It can be applied to portfolios as a standalone ESG approach, or in combination with other styles, such as thematic investing or integrating ESG into the investment process.

    Screening may sound simple, but the process involves a significant amount of judgment on the part of asset managers or the third party data providers with whom a manager may partner to conduct exclusionary screens.

    At State Street Global Advisors, we offer our clients our own perspective on how to conduct exclusionary screening, and have developed a recommended approach. This approach represents the shared perspectives of our investment teams across active and index investment styles in equity, fixed income, and alternatives.
     

    Our Guiding Principles

    1
    Systematic and transparent approach

    We follow a well-defined methodology that can be flexibly applied to different use cases.

    2
    Leverage best-in-class available data

    We use inputs from multiple data providers where accessible to us. This broadens our overall coverage universe, and reduces the potential biases of a single data provider.

    3
    Awareness of impact on tracking error

    Our point of view is attentive to the impact on tracking error of excluded securities.

    4
    Strive for firm-wide consistency while accommodating for differences

    Deviations from firm-wide consistency are made where appropriate to adapt to investment styles, national legislation, and/or market-specific norms prevalent in certain regions.

    More on ESG

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    4978691.1.2.EMEA.INST

    Exp: 31.01.2024

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