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Swen Capital Partners

PRI reporting framework 2018

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

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          SWEN CP's monitoring of its general partners ESG practices is organised around two different approaches: constant dialogue and regular monitoring of key performance indicators. Committed to build long-term partnership with its general partners, SWEN CP regularly engages in dialogue with them during private meetings, conferences, etc. ESG and responsible investment issues are systematically addressed during these meetings. The main interest is to discuss with the investment team how responsible policies are truly implemented, beyond mere declarations of intent displayed on corporate website / documents. This is also the opportunity to learn about RI future projects which will be rolled out and to identify best practices. Every year, SWEN CP conducts an ESG data collection campaign to assess the practices and performances of its investment managers. The latter are questioned by means of individual questionnaires. This "GP questionnaire" consists of roughly fifty questions splitted into two categories: i) investment manager's CSR policies and practices and, ii) investment manager responsible investment policy. In 2015, SWEN CP entered into a partnership with the SSII company eFront to develop an online reporting tool. Once collected, all the data are analysed and scored. Thus, SWEN CP has developed an internal assessment tool that evaluates asset managers on their ESG and responsible investment performances. The on-going dialogue and ESG data collection campaign are at the heart of SWEN CP's monitoring of its General Partners' practices. These two different approaches provide SWEN CP with the essential material not only to prepare detailed ESG reporting to its clients but also to identify improvement areas and topics to be further discussed with its GPs.
        

08.2. Additional information. [Optional]


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
          Supply chain
        
Conducted by
Asset class
Scope and process

Our internal monitoring process of ESG incidents informed us that a portfolio company was exposed to the fraudulent practices of one of its suppliers. Therefore, we asked the GP to provide us with further information about this specific case, to explain its causes and the measures implemented to prevent a new occurrence.

Outcomes

The GP showed transparency and assured us of its dedication to manage and monitor this issue. Moreover, the management of the company concerned by the fraud showed responsiveness and efficiency in handling this crisis. The incident and its outcomes were communicated to our clients in our quaterly reporting on ESG incident.

Topic or issue
          Environment and energy transition
        
Conducted by
Asset class
Scope and process

During the selection and appointment phase of an asset manager, an intense discussion occurred among SWEN CP's investment managers on the appropriateness of making an investment into a fund invested in gaz distribution assets.

Outcomes

The decision was made to lessen the amount invested.

09.2. Additional information.


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