FQA formally review the overall ESG / SRI practises implemented by its recommended managers every two years through an ESG proprietary questionnaire. We have set-up a qualitative ESG assessment on the asset management companies and funds that enable us to provide our clients with an ESG rating on each fund we recommend. This ESG rating is therefore a decision making tool for our clients to give the ESG footprint they want for their investments.
During the more frequent meetings / calls with the external asset managers for ongoing monitoring, FQA can review some ESG specifics topics on a case by case basis depending on any potential changes on the ESG process and on any external event (controversy events etc...).
As we are targeting external managers, we can review their ESG objectives and investment processes but we cannot force external managers to extensively comply with BNPP IP's responsible investment principles.