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Pensionfund Metalektro (PME)

PRI reporting framework 2018

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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
          Compliance to PME's demands regarding RI initiatives such as PRI
        
Conducted by
Asset class
Scope and process

Two of our LE managers were not yet signatory of PRI. PME has pressed on this issue for some time with these managers.

Outcomes

Managers have signed the PRI, we believe our pressure has added to this decision.

Topic or issue
          Planet score for external managers
        
Conducted by
Asset class
Scope and process

MN developed a structured score card for the Planet score for the selection and monitoring of external managers, such that ESG factors are consistently reviewed across managers and asset classes.

Outcomes

All managers will be scored according to our develop score system; managers can earn either a green, yellow or red score. In the case of a yellow score, we discuss the possible imrpovements with the managers. When scoring a red score, the manager can as a final measure be replaced by another manager.

Topic or issue
          Engage manager on developing their own explicit ESG credit score
        
Conducted by
Asset class
Scope and process

We engaged a manager that was in our view lagging on ESG integration. In response the manager developed a scoring system for the review of ESG aspects in corporate bonds.

Outcomes

The manager has been upgraded by PME from a yellow Planet score to a green score.

Topic or issue
          Benchmarking
        
Conducted by
Asset class
Scope and process

We ask managers to participate in GRESB; in the selection of funds we request the fund to be benchmarked by GRESB standards

Outcomes

Our European core property portfolio is now benchmarked against GRESB

Topic or issue
          Carbon emissions
        
Conducted by
Asset class
Scope and process

We adressed for example the carbon emmissions and clean energy production within the portfolio

Outcomes

We receive reports on a quarterly basis on carbon emmissions and clean energy production within the portfolio

09.2. Additional information.


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