Provide additional information relevant to your organisation's monitoring processes of external managers.
PSP Investments regularly monitors the External Managers ESG practices. To encourage continuous improvement in the External Managers' ESG approach, PSP Investments will engage in an ongoing dialogue and sharing of ESG best practices. PSP Investments will ensure that the reporting and disclosure provided by the External Manager meets PSP Investments’ ongoing needs so that ESG factors continue to be addressed appropriately. External Managers' ESG practices for each mandate are scored annually.
PSP Investments will conduct a high-level monitoring of ESG red flags and risks over the life of the investment and will engage with External Managers when deemed necessary.
Finally, PSP Investments requires External Managers to acknowledge its Responsible Investment Policy in the Investment Management Agreement.