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SASRIA (SOC) Limited

PRI reporting framework 2017

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


SAM 13. Disclosure of RI considerations

13.1. Indicate if your organisation proactively discloses any information about responsible investment considerations in your indirect investments.

13.2. Indicate if the level of information you disclose to the public is the same as that disclosed to clients and/or beneficiaries.

13.3. Indicate what type of information your organisation proactively discloses to the public and clients and/or beneficiaries about your indirect investments.

13.4. Additional information. [Optional]

Please refer to the below extract from our 2016 integrated report

Sasria is committed to responsible investing and is one of only five asset owner signatories to the Principles of Responsible Investing in South Africa. Our investments are only outsourced to independent external investment managers who are signatories to the Principles of Responsible Investing. Sasria has an understanding of all our asset managers’ responsible investing policies and practices and it remains a standing agenda item on annual operational due diligence meetings.

Sasria is continuously improving its policies and processes pertaining to responsible investing and has requested our asset consultant to perform an ESG (Environmental, Social and Governance) benchmarking exercise for the year ended 31 March 2015, to determine a baseline for measuring our performance during the year ended 31 March 2016. The assessment is based on the scoring methodology applied by MSCI (Intangible Value Assessment) – other scoring methodologies may produce different results – and 95%  (2015:87%) of the portfolio was covered by ESG ratings. Sasria will measure and moniter this with the aim of improving its rating.

Table 1: Portfolio ESG level score (max 10)

Environmental    4.90

Social   4.50

Governance  5.70