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Pensionfund Metalektro (PME)

PRI reporting framework 2017

Export Public Responses

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.

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

          based on the carbon footprint of our equities portfolio; PME decided to engage the largest emitters to encourage them to lower their footprint.
        

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

13.4. If you selected disclosure on emissions risks, list any specific climate related disclosure tools or frameworks that you used.

PME has been provided with their carbon footprint of their portfolios and discussed carbon footprinting with their board.

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 (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

Forestry

In the selection and monitoring of external managers we monitor on our 5 P's: planet, performance, process, people and product. In the first P we take into account ESG. 

The first part of this process is with the selection of the managers. When selecting new managers, the RI team writes an opinion of the RI aspects of the new manager, including their:

1. Commitment to responsible investment (among which the demand of being UNPRI signatory or showing proof of RI-policy equal to it)

2. Integration of ESG factors in investment processes and research

3. Evidence of this ESG integration with solid examples

4. Engagement

5. Exclusion policy

 

In the continuous monitoring of external managers we send an ESG-questionnaire every year, regarding the progress of the managers in implementing the 6 principles and of the implementation of ESG in their investment policy and decisions. Based on the answers on this questionnaire, we have a conversation with the managers about topics that we might want to elaborate on.

Managers are scored a green, orange or red score on the basis of this information. Red scoring managers should improve within two years, or their dismissal will be discussed between PME and MN.

16.2. Additional information.

Securitised finance: On behalf of PME, MN rates all appointed external managers on ESG: ESG considerations are explicitly incorporated in MN's manager selection& monitoring processes. The manager's are assessed on five factors; parent, people, process, performance and planet (ESG). Therefore responsible investment considerations are part and parcel of MN's continuous assessment of managers. All investments are monitored via the 5 P's as mentioned above, of which planet is one. We send out an annual questionnaire on ESG related matters, including carbon, to all our managers, which is used to rank them on their ESG score (planet). We update our scoring quarterly when if changes occur which might affect the scoring.

When MN starts the search for an external manager on behalf of PME it takes ESG into consideration. Every manager that responds to a Request for Proposal has to include how it deals with responsible investing.


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