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First State Superannuation Scheme

PRI reporting framework 2017

You are in Strategy and Governance » Implementation not in other modules

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.

          We use scenario analysis in understanding climate change related risks to our portfolio.
        

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

13.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following you act on.

13.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

other description

          Our climate change adaptation plan details how First State Super will manage risks, adapt, and mitigate the effects of climate change in our portfolio.
        

13.3. Indicate which of the following tools you use to manage emissions risks and opportunities

other description

          First State Super has non-binding internal goals for overall attributed emission reductions.
        

13.5. Additional information [Optional]


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


SG 15. ESG issues for internally managed assets not reported in framework

15.1. Describe how you address ESG issues for internally 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

Infrastructure

Internal management or directly held assets are assessed in the same way we assess external managers.  An ESG RFP/questionnaire is completed during the due diligence phase.  Meetings are held to discuss the responses and an overall rating and view of the ESG risks and opportunities of an asset or manager are assessed and considered as part of the investment case.  Regular review and monitoring is also undertaken. Reporting frameworks are also in place.

Cash

Internal management or directly held assets are assessed in the same way we assess external managers.  An ESG RFP/questionnaire is completed during the due diligence phase.  Meetings are held to discuss the responses and an overall rating and view of the ESG risks and opportunities of an asset or manager are assessed and considered as part of the investment case.  Regular review and monitoring is also undertaken. Reporting frameworks are also in place.

15.2. Additional information [Optional].


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

Private equity

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues.  Review meetings are also held where appropriate.

Property

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

Infrastructure

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

Hedge funds

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

Cash

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

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

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

Other (2) [as defined in Organisational Overview module]

Managers are required to fill out our ESG questionnaire during the appointment phase. If we feel they score low on a particular E, S or G issue we either meet to discuss and engage, or in the due diligence phase we may decide to not appoint on the basis of very poor E,S or G performance.  As a part of manager appointment they are required to take into consideration our Responsible Investment Policy and report back to us on any of our E, S, or G concerns. Outputs include regular reports from managers and even ad hoc reporting in the event of a material breach of ESG issues. Review meetings are also held where appropriate.

16.2. Additional information.


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