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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

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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)

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

LocalTapiola Asset Management has a formalized process when selecting new investment managers. In addition to direct equity and fixed income investments, around 26% of our AUM is invested through externally managed funds.

In externally managed funds the ESG analysis is performed based on our RI and ESG policies, when an external investment manager is chosen. Based on this analysis a ESG score is given to each manager. This score is reviewed on a regular basis. As we do not have an open architecture we choose carefully the group of external fund managers with whom we do business. We aim to maintain a long-term relationship with all our external fund managers and therefore get to know how they do business. We also meet regularly with external manager representatives and include ESG issues into the dialogue. The RI reporting performed by the external managers is also assessed.

At the end of 2016, 86 % of our external managers were signatories to the UN PRI.The percentage share is somewhat lower than in 2015, as we have appointed some new external managers in alternative investments.

 

02.3. Additional information. [Optional]


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