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Public Sector Pension Investment Board

PRI reporting framework 2018

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

PSP Investments’ responsible investment approach and Responsible Investment Policy are anchored by its commitment to act in the best interests of its contributors and beneficiaries by protecting and enhancing the value of its investments over the long-term. PSP Investments seeks to reduce risk and capture value by integrating ESG factors throughout the investment process and across all asset classes. PSP Investments focuses on identifying material ESG risks and opportunities, being those it determines to have the potential to impact a company’s ability to create or preserve long-term financial value. The ESG factors considered and their materiality will vary by company, industry and geography. Additionally, PSP Investments integration process may vary according to the asset class and type of investment.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

As part of the investment analysis and decision-making processes for internally managed investments in both public and private markets, PSP Investments looks to identify material ESG factors. Potential ESG risks or opportunities are systematically identified, assessed and considered as part of the investment decision-making. From ownership through to exit, PSP Investments actively monitors ESG factors throughout the life of the investment and engages in direct dialogue with companies in respect to a wide range of ESG issues with a view of improving their performance on material ESG factors.

PSP Investments allocates capital to external managers for public market investments and makes a significant portion of its private market investments through funds. For all externally managed mandates and funds, PSP Investments systematically due diligences the ESG practices of external managers and general partners. This allows PSP Investments to ensure that their respective approaches to ESG integration are consistent with PSP Investments' Responsible Investment Policy and expectations. Through an ongoing dialogue and sharing of best practices, PSP Investments encourage these partners to continuously improve their ESG approach.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

PSP Investments has adopted a Code of Conduct for Officers, Employees and Others and a Code of Conduct for Directors (the “Codes”) which are regularly reviewed. Managing perceived, potential and real conflicts of interests is key to PSP Investments’ investment process. The Codes provide a workable process for identifying, minimizing and resolving potential conflicts of interest.

PSP Investments requires that if one of its employees or one of its Directors has a real, potential or perceived conflict of interest, such employee or director must not approve a transaction or participate in any discussions to approve it. In addition, employees must notify the Compliance Officer and directors must notify the Chair of the Board of Directors as soon as possible about any real, potential or perceived conflicts of interest. All notifications should be made in writing.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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