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MN

PRI reporting framework 2019

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Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          Our securitised investments consist of mortgages and as such are no companies we can engage with
        

OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Property

Cash

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - securitised

Fixed income - securitised - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Property

Property - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Infrastructure

Infrastructure - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Forestry

Forestry - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Other (2)

Other (2) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

ESG considerations are explicitly incorporated in MN's manager selection& monitoring processes. The managers are assessed on five factors; parent, people, process, performance and planet (ESG). Underlying factors within Planet are the manager's commitment to Responsible Investing (being a UN PRI signatory, having an asset-class specific RI-policy and a companywide ESG-policy), integration of ESG in the investment process (inhouse or externally acquired knowledge, a clear place in the investment process), evidence of integration & reporting (reporting and evidence), voting & engagement and the integration of MN's exclusion policy. Therefore responsible investment considerations are part and parcel of MN's continuous assessment of external investment managers. With respect to appointment of new managers, MN screens upfront on RI. Every manager that responds to a Request for Proposal has to include how it deals with responsible investing. Via a dedicated strategy-specific questionnaire the manager has to show if there is RI-commitment on a board level, whether it has a RI-policy and how ESG-criteria are implemented in the investment process. Also MN strongly prefers managers who are PRI-signatories. If a manager does not meet these criteria and does not show that it will work on meeting the criteria the manager is not eligible for selection. Once appointed, MN includes specific guidelines for RI in the Investment Management Agreement with the manager. These guidelines include the principles for RI such as inclusion of ESG-issues into investment analysis and decision-making processes and an obligation to report back to MN on progress towards the UN PRI Principles and thematic questions such as carbon footprint and/or climate-related topics. All investments are monitored via the 5 P's as mentioned above, of which planet is one. The scores are updated formally at least twice per annum, or more frequent in case of significant changes.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

Direct - Listed Equity active ownership

Direct - Fixed Income

Direct - Other asset classes with dedicated modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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