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OPTrust

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
          Labour Rights
        
Conducted by
Asset class
Scope and process

A US based labour union had circulated a letter to Limited Partners about a General Partner (manager) raising governance issues with the manager’s business/investing activities. 

Outcomes

Upon further investigation, the allegations made in the letter were found to be without merit.  The manager continues to adhere to high standards of ethics and integrity.  The GP engaged in a dialogue with the labour union to assure their concerns were addressed and satisfied.

Topic or issue
          OPTrust became aware of a potential union certification involving a fund’s portfolio company
        
Conducted by
Asset class
Scope and process

OPTrust engaged with the manager to understand their approach to organized labour and state OPTrust’s position.  Further, we asked the manager to keep us updated on developments.

Outcomes

The union was certified and the manager kept OPTrust abreast of the process.  Engaging with the manager has strengthened the relationship and provided us with confidence in their approach to labour issues as it relates to ESG.

12.2. Additional information.


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