For public market assets, we have developed an assessment framework that applies a score out of five across key areas of implementation (as outlined in SAM 01.2 and SAM 05.3). Using a spider diagram we are then able to identify strengths and weaknesses for particular fund managers versus their peers. We will then use this data to engage with the fund managers to highlight areas of weakness and request further developments. Leveraging our in-house RI team, we can also challenge external managers more thoroughly on their assertions.
For property, we encourage our fund managers to report against the GRESB framework to benchmark ESG performance.