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Bank of America Global Wealth and Investment Management

PRI reporting framework 2018

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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 (Private)


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
          Climate Change – Low Carbon and Resource Efficiency
        
Conducted by
Asset class
Scope and process

In enlisting prospects to be added to our platform, we consider how managers invest in companies that provide solutions to directly tackle climate change issues.

Outcomes

We have an active search on long-only and long/short strategies that invest in companies providing solutions to tackle climate change. We are also looking into green bond strategies.

Topic or issue
          ESG Survey to investment managers
        
Conducted by
Asset class
Scope and process

We asked all investment managers on our platform to fill out an ESG survey and analyzed the survey result in early 2017. The RFI asks questions about the diversity of the firm, whether the firm is a PRI signatories, if the firm publishes ESG reports and how many ESG strategies they have.

Outcomes

We had over 140 responses from investment managers on our platform. We shared the results with our broader analyst team and captured their feedback.

Topic or issue
          New ESG Thematic Strategies
        
Conducted by
Asset class
Scope and process

In 2017, the firm brought on 3 thematically focused strategies under analyst coverage– 1 strategy focuses on water and 2 strategies focus on gender lens investing.

Outcomes

There are more thematic ESG options available for our financial advisors to implement on behalf of clients.

09.2. Additional information.


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