ESG in Manager Selection and Appointment for all new managers. TPT uses ESG ratings supplied by Mercer in the screening of the manager universe and incorporates ESG in the interviews and due diligence undertaken as part of the selection exercise.
The Investment Management Team (IMT) is responsible for generating an ESG rating for any newly appointed manager.
TPT was involved in writing the DDQ for Hedge Funds (HFAC)
ESG in Manager Monitoring and Review
ESG is discussed at the annual review of each manager.
It is a standard section on the Agenda and relevant information is captured in the formal Research Notes
The ESG score for each manager should also be updated on an annual basis
Responsibility for this lies with the IMT but is reported back to the IC through the Manager Dashboard.
The IC monitors the performance of TPT’s managers at its quarterly meetings, including the ESG scores which appear on the IMT Manager Dashboard.This dashboard is also reported to the Management Board and the Senior Management Team.
Total number of managers with A-D ESG scores is reported in the Annual Report and also on the ESG Dashboard