If none of the above, describe any other mechanisms in place to set expectations as part of the appointment or commitment process.
HMC seeks to include side letter provisions regarding ESG integration for our external managers. Provisions are tailored by asset class and the manager's ESG risk. HMC takes into account an external manager's willingness to incorporate these provisions into their fund documents when making an investment decision.
Provide additional information relevant to your organisation's appointment processes of external managers.