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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 » Monitoring

Monitoring

SAM 08. Monitoring processes (listed equity/fixed income)

08.1. When monitoring managers, indicate which of the following types of responsible investment information your organisation typically reviews and evaluates from the investment manager in meetings/calls

ESG objectives linked to investment strategy

Investment restrictions and any controversial investment decisions

ESG incorporation objectives (with examples)

ESG portfolio characteristics

How ESG materiality has been evaluated by the manager in the monitored period

Information on any ESG incidents

Metrics on the real economy influence of the investments

PRI Transparency Reports

PRI Assessment Reports

Other general RI considerations in investment management agreements; specify

None of the above

LE

FI - SSA
FI - Corporate (financial)?
FI - Corporate (non-financial)?
ESG objectives linked to investment strategy
Investment restrictions and any controversial investment decisions
ESG incorporation objectives (with examples)
ESG portfolio characteristics
How ESG materiality has been evaluated by the manager in the monitored period
Information on any ESG incidents
Metrics on the real economy influence of the investments
PRI Transparency Reports
PRI Assessment Reports
Other general RI considerations in investment management agreements; specify
None of the above

If you select any 'Other' option(s), specify

LocalTapiola Asset Management carried out its annual 'ESG Questionnaire 2016' to our external managers. The purpose of the Questionnaire was to gather information how RI has been taken into consideration in their activities throughout 2016 and what developments have been achieved. We also review their PRI Transparency reports, but as some of the information is classified as 'private', the overall assesment based purely on PRI Transparency reports is more challenging. We review annually the internal ESG scores of all external managers and their responses to our Questionnaire had a major importance in the review process. We also have regular meetings with the representatives of our external managers and ESG is one of the topics in most meetings.

08.2. When monitoring external managers, does your organisation set any of the following to measure compliance/progress

ESG score

ESG weight

Real world economy targets

Other RI considerations

None of the above

LE

FI - SSA
FI - Corporate (financial)?
FI - Corporate (non-financial)?
ESG score
ESG weight
Real world economy targets
Other RI considerations
None of the above

If you select any 'Other' option(s), specify

08.3. Provide additional information relevant to your organisation's monitoring processes of external managers. [OPTIONAL]

          LocalTapiola Asset Management has maintained a business relationship for years with most of our external managers. Many of them have similar investment philosophy to LocalTapiola where RI is integrated into the investment process and is highly valued. We meet regularly their representatives and discuss their developments on ESG matters. We also attend seminars they organize for their clients on ESG and investment solutions. We also carried out 'ESG Questionnaire 2016' and review their reporting on ESG (including the PRI reports) and follow their ESG websites.
        

SAM 09. Monitoring on active ownership (listed equity/fixed income)

09.1. When monitoring managers, indicate which of the following active ownership information your organisation typically reviews and evaluates from the investment manager in meetings/calls

Engagement

Report on engagements undertaken (outcomes and examples)

Account on engagement ESG impacts

Other RI considerations relating to engagement in investment management agreements; specify

None of the above

FI - SSA
FI - Corporate (financial)?
FI - Corporate (non-financial)?
Report on engagements undertaken (outcomes and examples)
Account on engagement ESG impacts
Other RI considerations relating to engagement in investment management agreements; specify
None of the above

If you select any 'Other' option(s), specify

LocalTapiola Asset Management does not have segregated accounts with external managers and therefore we do not require external managers to take action in ESG matters specifically on our behalf. In our 'ESG Questionnaire 2016' the managers had opportunity to specify some of their engagements in detail.


SAM 10. Percentage of (proxy) votes (Not Applicable)


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