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PRI reporting framework 2019

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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

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

Measures 

          We share articles of interest on ESG issues with our managers and invite them to PRI Québec meetings and the annual conference on responsible investment.

Measures 

          We reduced underperforming responsible investment mandates to increase our participation in the global equity fund focused on sustainable growth and green bonds. We frequently meet managers who propose ESG strategies and when it comes to reviewing existing mandates we like to examine the ESG options available to us.

08.2. Additional information. [Optional]

13 of our 15 portfolio managers are PRI signatories. In a very large number of cases, they have become so as a result of our representations.

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 
          ESG integration
Conducted by
Asset class
Scope and process

Annually the staff meets with each external asset manager to review the process through which it has integrated ESG information into the portfolio construction process. The staff will seek to identify any or all of the following:

  • Date sources that are used to document ESG issues at firm level;
  • Examples of companies sold or not selected because of poor ESG performance;
  • Demonstrate a knowledge of actual ESG performance of investee companies;
  • Respond to challenges brought by the staff based on information about controversies in which portfolio companies are involved;
  • Review actual corporate engagement undertaken by the asset manager or any third party on their behalf;
  • Etc.
Outcomes

We have had the opportunity to see change at some asset managers. For instance:

  • One asset manager changed its in-house rating system to incorporate ESG data in the ex-ante decision making process instead of an ex-post data point;
  • Another asset manager is starting to measure the carbon footprint of its pooled funds.

09.2. Additional information.

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