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The Nobel Foundation

PRI reporting framework 2018

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

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Fund invested in companies on our restriction list
        
Conducted by
Asset class
Scope and process

We adopted stricter guidelines on exclusion of nuclear weapons during the year. One of our funds had exposure to companies that was classified as nuclear weapons and we initiated a dialogue.

Outcomes

After we raised the issue they agreed to add nuclear weapons to their own exclusion list implemented in all their equity funds.

Topic or issue
          Companies that violate FN Global Compact
        
Conducted by
Asset class
Scope and process

During the annual review of holdings in our equity funds, we found that one of our funds owned companies that were classified as breaching UN Global Compact by some external vendors.

Outcomes

After we raised the issue, the fund manager could provide us with examples of engagement with these companies and a good explanation for why they thought that the issue was solved (or at least moving in the right direction) within those companies.

Topic or issue
          Search for liquid fixed income fund
        
Conducted by
Asset class
Scope and process

In the search for a new fixed income manager one of the basic criteria was responsible investment.

Outcomes

Only managers that fulfil our basic criteria’s ends up on our short list.

09.2. Additional information.


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