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Stafford Capital Partners

PRI reporting framework 2018

You are in Strategy and Governance » Asset class implementation not reported in other modules

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

Forestry

Stafford uses five key methods to manage and monitor the adherence of its Timberland investments to its ESG principles:

  • Evaluation of investment type;
  • Evaluation of investment region;
  • Evaluation of manager;
  • Use of third party certification to independently verify sustainable practices; and
  • Internal segregation of duties and third party auditing.

Stafford monitors implementation of its ESG principles through:

  • Adherence to the Stafford's Responsible Investment Policy;
  • Annual manager reviews that specifically addresses ESG factors;
  • Completion of the annual UN PRI survey;
  • Biennial survey of managers on the adoption of third party sustainable forest management certification; and
  • Third party audits of management and fund accounts.

ESG initiatives are resourced by:

  • Head of Compliance - oversight of ESG initiatives and Responsible Investment Policy and coordinating manager reviews; 
  • Investment Manager, Sydney - monitoring of external ESG trends, conducting manager research, supervising internal ESG reporting and initiatives; and
  • Key manager leads - responsible for direct engagement with GPs on key issues.

Through Stafford's strong approach to responsible Timberland investment, to date we have experienced a very low number of actionable ESG related issues across our portfolio.  Our proportion of certified sustainable forestry, at 98%, is also very high by industry standards.

Farmland

Stafford uses five key methods to manage and monitor the adherence of its Farmland's investments to its ESG principles:

  • Evaluation of investment type;
  • Evaluation of investment region;
  • Evaluation of manager;
  • Use of third party certification to independently verify sustainable practices; and
  • Internal segregation of duties and third party auditing.

Stafford monitors implementation of its ESG principles through:

  • Adherence to the Stafford's Responsible Investment Policy;
  • Annual manager reviews that specifically addresses ESG factors.
  • Escalation of sensitive business cases to the ESG Committee where an investment recommendation merits enhanced review. 

ESG initiatives are resourced by:

Investment Team - oversight of ESG initiatives and Responsible Investment Policy and coordinating manager reviews; 
Investment Manager - monitoring of external ESG trends, conducting manager research, supervising internal ESG reporting and initiatives; and
Key manager leads - responsible for direct engagement with GPs on key issues.

17.2. Additional information.


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