If your organisation does not integrate ESG factors into investment decisions on your externally managed assets, explain why not.
Presently only the G governance factor is integrated in selection within the equity mandates.
When choosing investment categories in our return portfolio PFI takes into account the possiblity of integrating ESG.
Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.
ESG is one of the 10 criteria PFI is using in manager selection. In selection the score weight of ESG is significantly in the overall score.In monotoring there is no overall score of the 10 factors, but each factor is assessed qualitatively.
The IMA with external managers contains apart from the exclusion list of companies and countries also the provision that the external manager is bound by the ESG code of PFI.
We only appoint managers that have signed up to PRI.