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OPTrust

PRI reporting framework 2017

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Implementation not in other modules

SG 12. ESG issues in strategic asset allocation

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

          Climate change and asset allocation. Please see the results published here: http://optrust.com/AboutOPTrust/News/OPTrust-Proposes-Action-on-Climate-Change-with-Release-of-Position-Paper-and-Portfolio-Climate-Risk-Assessment-Report.asp
        

12.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

12.3. Additional information. [OPTIONAL]


SG 13. Long term investment risks and opportunity (Private)


SG 14. Allocation of assets to environmental and social themed areas (Private)


SG 15. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 16. ESG issues for externally managed assets not reported in framework

16.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Hedge funds

We monitor best practices in the industry to stay up-to-date on new investment tools and activities that support RI and hedge funds, including monitoring the UN PRI's hedge fund work stream which provides guidance to signatories on ESG integration in alternative strategies. We have integrated our commitment to responsible investing in the hedge fund strategy in the following ways:

First, we employ a rigorous approach to fund governance by determining if there are any recent actions by the hedge fund's Board of Directors to be aware of. Secondly, we examin how ESG data is considered in the investment process. This is done pre-investment and then again quarterly as part of the due diligence process. Thirdly, we discuss the hedge fund’s approach to proxy voting and supplement our ongoing research by asking the manger to document exceptions to their default voting policy.

And finally, we request the manager to disclose portfolio exposure to controversial weapons (cluster munitions and landmines) companies. We ask the manager to provide us with a list of exposures they held, either long or short, at the end of the each month. All managers adhere to recommendations of proxy voting service providers.

 

Other (1) [as defined in Organisational Overview module]

For Multi-Asset Strategy managers we review their overarching approach to responsible investment, any related policies and speak to RI professionals on their investment teams to determine alignment with OPTrust's approach.

16.2. Additional information.


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