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AP6

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

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          AP6 carries out an annual ESG assessment of GPs. The annual monitoring exercise builds upon the scoring of the GPs ESG performance during due diligence (which then provides a base line to monitor). The result of the annual ESG evaulation is communicated to the GPs on both overview and individual level. The change from previous assessment and benchmark against AP6's portfolio average is also communicated. A feedback session where developments, ESG industry trends and examples of best practice is discussed provides a hands on encouragement of improved RI practices.
        

08.2. Additional information. [Optional]


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
          Mandatory ESG due diligence
        
Conducted by
Asset class
Scope and process

ESG DD is a mandatory part of the investment process. AP6 uses the PRI LP RI DDQ as a basis for ESG due diligence during fund raising. A separate meeting or call is arranged to discuss ESG. Based on the discussion and available documentation, AP6 scores the ESG approach of the fund management. ESG is one of the six mandatory areas of due diligence in AP6's process. ESG is always part of the material to the ultimate decision making body. 

Outcomes

A structured ESG evaluation before committment provides both a basis for decision and a baseline for monitoring.

Topic or issue
          Annual ESG follow-up with external managers
        
Conducted by
Asset class
Scope and process

Existing external managers are contacted for an annual ESG follow-up, where recent and forthcoming developments are discussed. The discussion provides a basis for an update of the ESG score from the previous year. The result of the annual ESG evaulation is thereafter communicated to the GPs on both overview and individual level. The change from previous assessment and benchmark against AP6's portfolio average is also communicated. A feedback session where developments, ESG industry trends and examples of best practice is discussed provides a hands on encouragement of improved RI practices.

Outcomes

Continuous feedback loop regarding ESG and updated ESG score and best practice.

09.2. Additional information.


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