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Trust Waikato

PRI reporting framework 2018

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Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - Securitised

This asset class is approximately 2% of the Trust's FUM.  For directly held securities the Trust has a negative screen:  any company having more than 20% of its revenues derived from one or a number of the following sectors must be excluded from the portfolio: gambling, tobacco, liquor and armaments. 

For investment in global pooled vehicles, the Trust ensures that it's fund managers are signatories to PRI and requires regular reporting on  the manager's RI approach.

Other (1) [as defined in Organisational Overview module]

The Trust's investment in Credit is with a manager who is not a signatory to PRI.  However, their parent company is a signatory to PRI and their research guides the security selection and portfolio construction   The fund manager has its own ESG policy is also developing investment products with an RI focus.

 

17.2. Additional information.


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