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ACTIAM

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 discuss RI practices with existing investment managers periodically and seek improvements in performance. Engagement can be started to improve the manager's practices or contract could be terminated when targets are not met.
        

Measures

          It is part of our selection process. If all other factors are equal, we select the external manager with the best ESG performance.
        

08.2. Additional information. [Optional]

In 2018, 8.8% of all externally managed assets was managed by non-PRI signatories.


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 Screening for new externally managed mandate
        
Conducted by
Asset class
Scope and process

While selecting a new external manager for an Emerging Market Debt mandate, ESG research is performed on the proposed portfolio. 

Outcomes

As the ESG screening showed issuers in violation with our Investment believes. Hereafter, the initial suggested portfolio is adjusted. A second review is done and again ESG is involved. 

Topic or issue
          Collaboration between external manager and internal engagement team
        
Conducted by
Asset class
Scope and process

While trying to start an engagement with a large multinational, the help of an external manager is called to get into touch with the correct ESG responsible person.

Outcomes

Via the external manager, the name and number of a CSR contact is obtained. 

Topic or issue
          The questionnaire used for initial appointment and yearly review of external managers is reviewed by a collaboration of SAM and ESG
        
Conducted by
Asset class
Scope and process

The annual review and assessment questions for initial contracts of external managers is reviewed by ESG research

Outcomes

The already exciting ESG questions are reviewed and somewhat adjusted. 

Topic or issue
          ESG screening for existing mandates
        
Conducted by
Asset class
Scope and process

The quarterly screening and review of all funds and benchmarks is also done for externally managed funds. 

Outcomes

The relation between the ESG department and the external is intensified and the communication is now directly and happens more often.

Topic or issue
          When selecting a new external manager for a mortgage mandate, ESG is taken into account
        
Conducted by
Asset class
Scope and process

For a mortgage mandate, ESG components are taken into account. 

Outcomes

The fund is selected with the most focus on simulating the home owners in making their house more sustainable. 

09.2. Additional information.


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