When searching for managers we ask specific questions about how they integrate ESG criteria into their investment process. Their answers to these questions were decisive in the choice of managers.
For example, in the 2017 Canadian equity manager search, we asked the two finalists to describe their strategy for managing ESG issues in the oil sands sector. It was their answer to this question that allowed us to conclude the process in favour of the manager who proposed the most articulated approach in this regard.
An annual report on the integration of ESG criteria is required from all our equity and global real estate managers.