Responsible investment practices are systematically assessed when selecting asset managers for our Primary activities (for Secondary transactions, we endeavour to collect as much ESG data as possible but, due to time constraints, SWEN CP does not regularly conduct such assessments). This analysis also includes an ESG background checking to identify any incident affecting the asset managers, the underlying portfolio assets invested by the target fund and their key executives. Moreover, a specific questionnaire is sent out to each asset manager to assess their performances in the areas of CSR and responsible investing. An in-house ESG analysis is subsequently performed by each SWEN CP's investment director and written down in investment memorandums. SWEN CP strives to primarily invest in funds managed by investment managers concerned with responsible investment considerations and which applies to themselves relevant CSR policies.
The appointment of investment manager is conditioned to specific ESG criteria, including the respect of our responsible investment charter and policy, our Climate Strategy, as well as ESG reporting and disclosure requirements. ESG criteria are specified in the side letter agreements.
SWEN CP's monitoring process is built around a regular communication with its general partners as well as more formalised tools. The management companies for which SWEN CP is a subscriber of a fund, are surveyed on a yearly basis through its ESG questionnaire. Answers are filled in online, via an ESG data collection and management tool. A follow-up of these indicators is then carried out over time and makes it possible to fully assess the management companies’ responsible investor practices (benchmarking), particularly with regard to proprietary ESG benchmarks. Furthermore, thanks to a substantial extra-financial database that has accumulated more than 6 years of history, SWEN CP is able to calculate benchmarks for these same indicators and track them over time. Finally, SWEN Capital Partners has set up a monitoring system for controversies that allows daily reporting of information, most often "extra-financial, on the main positions of portfolios managed and / or advised by SWEN Capital Partners.