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AP6

PRI reporting framework 2017

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
          Mandatory ESG due diligence
        
Conducted by
Asset class
Scope and process

ESG DD is a mandatory part of the investment process. AP6 uses the PRI LP RI DDQ as a basis for ESG due diligence during fund raising. A separate meeting or call is arranged to discuss ESG. Based on the discussion and available documentation, AP6 scores the ESG approach of the fund management. ESG is always part of the material to the ultimate decision making body.

Outcomes

A structured means of ESG evaluation before committment constituting both a basis for decision and a baseline for monitoring.

Topic or issue
          ESG in fund documentation
        
Conducted by
Asset class
Scope and process

AP6 typically includes ESG wording into the side-letter of the LPA.

Outcomes

Increased clarity on AP6:s focus on ESG.

Topic or issue
          Annual ESG follow-up with external managers
        
Conducted by
Asset class
Scope and process

Existing external managers are contacted for an annual ESG follow-up, where recent and forthcoming developments are discussed. The discussion provides a basis for an update of the ESG score, which in turn provides basis for feedback to the manager.

Outcomes

Continuous feedback loop regarding ESG and updated ESG score.

12.2. Additional information.


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