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Swen Capital Partners

PRI reporting framework 2018

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

ESG Objectives

          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : "The fund must seek to avoid investing in a portfolio company which manufactures weapons and ammunitions, and more particularly in companies involved in the production of anti-personnel landmines or cluster munitions".
Moreover, since the implementation of SWEN CP's Climate Strategy, GPs must comply with our exclusion policy on coal and coal-related activities.
        
          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : "The investment manager should take reasonable steps to encourage the management of portfolio companies to integrate ESG issues".
        
          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : 
- Investment managers could be invited, each year, to attend a meeting in order to discuss about their progress and results relating to the six principles of the PRI. 
- The investment manager acknowledges that SWEN CP has committed to the application of the PRI. 
- SWEN CP wishes to apply, promote and report on the best practices regarding the corporate governance and the long term sustainable development issues. 
- The investment manager commits to complete the annual ESG questionnaires, on its own behalf and for the underlying portfolio companies invested by the fund. 
- Finally, it is also mentioned that the investment manager must immediately report to SWEN CP any ESG-related incident (in relation with the ten principles of the United Nations' Global Compact and the fundamental Conventions of the International Labour Organisation.
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : "The fund must seek to avoid investing in a portfolio company which manufactures weapons and ammunitions, and more particularly in companies involved in the production of anti-personnel landmines or cluster munitions".
Moreover, since the implementation of SWEN CP's Climate Strategy, GPs must comply with our exclusion policy on coal and coal-related activities.
        
          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : "The investment manager should take reasonable steps to encourage the management of portfolio companies to integrate ESG issues".
        
          ESG requirements are specified in side letter agreements signed between SWEN CP and its fund managers. Among other things : 
- Investment managers could be invited, each year, to attend a meeting in order to discuss about their progress and results relating to the six principles of the PRI. 
- The investment manager acknowledges that SWEN CP has committed to the application of the PRI. 
- SWEN CP wishes to apply, promote and report on the best practices regarding the corporate governance and the long term sustainable development issues. 
- The investment manager commits to complete the annual ESG questionnaires, on its own behalf and for the underlying portfolio companies invested by the fund. 
- Finally, it is also mentioned that the investment manager must immediately report to SWEN CP any ESG-related incident (in relation with the ten principles of the United Nations' Global Compact and the fundamental Conventions of the International Labour Organisation.
        

Incentives and controls

Reporting requirements

04.4. Indicate which of these actions your organisation might take if any of the requirements are not met

          Require action plan from the managers
        

04.5. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          
        

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