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West Midlands Pension Fund

PRI reporting framework 2017

You are in Indirect – Manager Selection, Appointment and Monitoring » Overview

Overview

SAM 01. Role of investment consultants/fiduciary managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation uses investment consultants and/or fiduciary managers.

01.7. Additional information [Optional].


SAM 02. RI factors in selection, appointment and monitoring across asset classes

02.1. Indicate for which of the following externally managed asset classes your organisation, and/or your investment consultants, consider responsible investment factors in investment manager: (a) Selection, (b) Appointment (investment management agreements/contracts), and (c) Monitoring

Select all that apply

Asset classes

(a) Selection

(b) Appointment

(c) Monitoring

Listed equity

Fixed income - SSA
Fixed income - Corporate (financial)
Fixed income - Corporate (non-financial)

Private equity

Property

Infrastructure

02.2. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

Listed equity

  • ESG criteria used in tendering process
  • Adherence to SIP (which includes RI section and reference to RI Framework) and Stewardship Code included in contract
  • Ongoing monitoring program focussing on the following areas: integrated ESG processes, backed up by investment outcomes, and signing up to PRI (where applicable).

Fixed income

  • ESG criteria used in tendering process
  • Adherence to SIP (which includes RI section and reference to RI Framework) included in contract
  • Ongoing monitoring program focussing on the following areas: integrated ESG processes, backed up by investment outcomes, and signing up to PRI (where applicable). This includes corporate fixed income and SSA.

Private equity and infrastructure

  • ESG criteria used in due diligence process. ESG carries a weighting with the rating system for PE funds.
  • Ongoing monitoring program (PE only) is risk-based, i.e. degree of monitoring depends on sectoral exposure, geographic exposure and whether any risks were identified during DD 

Property

  • ESG criteria used in due diligence process
  • Adherence to SIP (which includes RI section and reference to RI Framework) and Stewardship Code included in contract
  • Ongoing monitoring program focussed on climate change risk and reduction of energy use

02.3. Additional information. [Optional]


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