Before investing, SPF Beheer conducts due diligence on every external manager. ESG is part of this due diligence proces. An ESG questionnaire is send to the manager and the manager's policy and practices are analyzed and evaluated. A recommendation is then send to the Investment Committee. They decide whether to select the investment manager.
Our minimal ESG requirements are then recorded in the legal documentation. A manager has to adhere to these requirements at all times. Adherence to our exclusion list is checked via our systems on a daily basis. Adherence to our broader policy is checked via reporting from and meeting with our managers.