Public HTML RI reports - PRI reporting framework 2016

Harvard University Endowment

PRI reporting framework 2016

Basic Information [OO 01 - 10] Gateway asset class implementation indicators [OO 11 - 13]

Responsible investment policy [SG 01 - 03] Objectives and strategies [SG 04 - 05] Governance and human resources [SG 06 - 07] Promoting responsible investment [SG 08 - 10] Implementation not in other modules [SG 11 - 15]

Indirect – Manager Selection, Appointment and Monitoring

Listed equity (LE) and Fixed income (FI) [SAM 03 - 08] Overview [SAM 03 - 04] Selection [SAM 05] Monitoring [SAM 07 - 08] Private equity (PE), property (PR) and infrastructure (INF) [SAM 09 - 11] Selection [SAM 09] Monitoring [SAM 11] Outputs and outcomes [SAM 12 - 13] Communication [SAM 14]

Direct - Listed Equity Incorporation

Overview [LEI 01 - 02] ESG incorporation in actively managed listed equities [LEI 03 - 12] Implementation processes [LEI 03 - 12] (A) Implementation: Screening [LEI 06 - 08] (C) Implementation: Integration of ESG issues [LEI 10 - 12] Communication [LEI 17]

Direct - Listed Equity Active Ownership

Engagement [LEA 01 - 16] Overview [LEA 01 - 02] Process [LEA 03 - 10] Process for engagements run internally [LEA 03 - 04] Process for engagements conducted via collaborations [LEA 05 - 06] General processes for all three groups of engagers [LEA 09 - 10] Outputs and outcomes [LEA 11 - 15] Communication [LEA 16] (Proxy) voting and shareholder resolutions [LEA 17 - 27] Overview [LEA 17] Process [LEA 18 - 22] Outputs and outcomes [LEA 23 - 26] Communication [LEA 27]

Direct - Property

Overview [PR 01 - 05] Pre-investment (selection) [PR 08 - 12] Selection, appointment and monitoring third-party property managers [PR 13] Post-investment (monitoring and active ownership) [PR 14 - 20] Overview [PR 14] Property monitoring and management [PR 15 - 16] Property developments and refurbishments [PR 17] Occupier engagement [PR 18 - 19] Community engagement [PR 20] Outputs and outcomes [PR 21 - 22] Communication [PR 23]

Export Public Responses

You are in Indirect – Manager Selection, Appointment and Monitoring » Overview

Overview

SAM 01. Role of investment consultants/fiduciary managers

01.1. Indicate whether your organisation uses investment consultants and/or fiduciary managers.

Yes, we use investment consultants

Yes, we use fiduciary managers

01.7. Additional information [Optional].

SAM 02. RI factors in selection, appointment and monitoring across asset classes

02.1. Indicate for which of the following externally managed asset classes your organisation, and/or your investment consultants, consider responsible investment factors in investment manager: (a) Selection, (b) Appointment (investment management agreements/contracts), and (c) Monitoring

Select all that apply

Asset classes	(a) Selection	(b) Appointment	(c) Monitoring
Listed equity
Private equity
Property

02.2. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

ESG issues are integrated into HMC's operational due diligence framework, and thus are investigated and considered at the same time as other business-related risk factors. As stipulated in HMC's Sustainable Investment Policy ("SIP"), and as part of its operational due diligence framework, HMC conducts desk-based due diligence on potential investment managers to understand how these managers address ESG issues and identify any ESG red flags. HMC assesses how external managers integrate ESG risks into their investment approach, as well as how they communicate with limited partners. HMC meets with investment managers to better understand their approach, and to ask specific questions related to ESG issues. Where appropriate, HMC includes ESG issues in the investment fund term sheet. HMC also monitors ESG performance on an ongoing basis and engages with investment managers to maintain oversight of these issues.

02.3. Additional information. [Optional]

HMC considers responsible investment factors in the selection, appointment, and monitoring of third-party managers for forestry, farmland, and hedge funds.

Previous Section Next Section