Fixed income credit, equity and PE: Our DD questionnaire includes a section devoted to ESG issues. We ask the fund manager to provide wide range of information on their stance towards ESG issues, ie. do they have a written policy on responsible investing or ESG- issues, is it integrated to their processes, whether they have an engagement policy, are they reporting ESG related risks / opportunities to their investors and so on. Also, we interview fund managers on ESG- practices and integration. In addition we analyze underlying holdings of each fund, and if we find controversies related to specific companies, we will discuss them with the manager.
We don't have any segregated mandates for external funds and therefore only rational phases for RI- considerations are selection and monitoring and not appointment. RI- considerations in appointment would only be possible for segregated mandates where an investor has a right to include additional requirements e.g. for ESG.