The fiduciary manager SPF Beheer is monitored by SPF on at least a quarterly basis. Every quarter a report is prepared in which the investment results of SPF Beheer are reported on. In this report a separate chapter is dedicated to ESG. In addition, every year an annual report, with separate ESG chapter, is provided.
Also the relation between SPF and SPF Beheer is very close. The two have regular meetings in which investment proposals are discussed. It is up to the board of SPF to decide whether to accept the proposals put forward by SPF Beheer. SPF Beheer can only advise the fund and execute its decisions. In these meetings on a regular basis proposals in the field of SRI are discussed.
Lastly, on a regular basis meetings are scheduled with the sole focus on ESG. During these meetings, SPF and SPF Beheer jointly discuss and think about the existing ESG policy as well as ideas for future policy changes.
Questions that arise on either the ESG policy or the way the policy is executed by SPF Beheer can be asked in any of these joint meetings. Also, it happens on a regular basis that the board directly contacts SPF Beheer, either the CFO or the portfoliomanager SRI, with questions or new ideas they have.