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Skandia

PRI reporting framework 2017

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

Outputs and outcomes

SAM 11. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 12. Examples of ESG issues in selection, appointment and monitoring processes

12.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          RFI focusing on Responsible Investing in addition to a confirmation that the manager is aware of the contents of the Skandia ownership policy.
        
Conducted by
Asset class
Scope and process

A detailed RFI is sent out, with a request for a description of the managers' approach to responsible investing. The RFI is assessed internally and is used as a key input to investment committee decision to appoint managers. If the assessment outcome is deemed unsatisfactory the manager will not be appointed.

Outcomes

Above input has led to some managers not being appointed.

Topic or issue
          Increased transparency of the managers' responsible investment approach and reporting process
        
Conducted by
Asset class
Scope and process

Continuous dialogues and increased reporting requirements in order to increase transparency.

Outcomes

Increased transparency in quarterly reporting on ESG issues as well as in review meetings. 

Topic or issue
          Fraudulent behaviour in portfolio company
        
Conducted by
Asset class
Scope and process

Monitoring of ESG events in portfolio companies

Outcomes

Continuous monitoring of information regarding governance and confidence that the process is on the right track

Topic or issue
          Implementation of ESG policy
        
Conducted by
Asset class
Scope and process

The manager did not have any ESG policy. Skandia requested that the manager implemented an ESG policy.

Outcomes

ESG policy was implemented in 2016.

12.2. Additional information.


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