Explain how you integrate ESG factors in the selection, appointment and monitoring of your passive funds
We require managers to complete the ESG DDQ at the selection stage. We evaluate the answers and the information provided, and in conjunction with the broader insights collected through the general due diligence process, a score and rating are assigned to each prospective manager.
Additional information. [Optional]
Our investment approach encompasses an informed consideration of ESG risks and opportunities underlying the Plan’s investments, where such issues are material and relevant. This is an integral part of the manager selection process and thus, we encourage our managers to promote meaningful ESG integration across their investment processes. We require our managers to vote in accordance with their proxy voting policies. Should such consistency not be observed, managers are required to report on this and explain why deviating from their voting policy was in the best interest of the Plan and its beneficiaries.