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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
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.
It is part of our selection process. If all other factors are equal, we select the external manager with the best ESG performance.
In 2018, 8.8% of all externally managed assets was managed by non-PRI signatories.
ESG Screening for new externally managed mandate
While selecting a new external manager for an Emerging Market Debt mandate, ESG research is performed on the proposed portfolio.
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.
Collaboration between external manager and internal engagement team
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.
Via the external manager, the name and number of a CSR contact is obtained.
The questionnaire used for initial appointment and yearly review of external managers is reviewed by a collaboration of SAM and ESG
The annual review and assessment questions for initial contracts of external managers is reviewed by ESG research
The already exciting ESG questions are reviewed and somewhat adjusted.
ESG screening for existing mandates
The quarterly screening and review of all funds and benchmarks is also done for externally managed funds.
The relation between the ESG department and the external is intensified and the communication is now directly and happens more often.
When selecting a new external manager for a mortgage mandate, ESG is taken into account
For a mortgage mandate, ESG components are taken into account.
The fund is selected with the most focus on simulating the home owners in making their house more sustainable.