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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
Mandatory ESG due diligence
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.
A structured means of ESG evaluation before committment constituting both a basis for decision and a baseline for monitoring.
ESG in fund documentation
AP6 typically includes ESG wording into the side-letter of the LPA.
Increased clarity on AP6:s focus on ESG.
Annual ESG follow-up with external managers
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.
Continuous feedback loop regarding ESG and updated ESG score.