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Transport for London Pension Fund

PRI reporting framework 2019

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

ESG Objectives

          The Trustees aim to integrate ESG factors into their investment analysis and decision-making processes. The investment manager selection process to appoint new managers will consider how the manager’s approach to ESG aligns to the Fund’s strategy and how ESG factors are integrated into the manager’s investment process and reporting.
        
          Consistent with the UK Stewardship Code have due regard to its policy on stewardship and corporate governance
        
          Specifically the Trustees have asked their active equity managers to exercise their voting rights as shareholders in a manner they believe to be consistent with best practice in relation to the Financial Reporting Council’s UK Stewardship Code
        

Incentives and controls

Reporting requirements

Benchmark

          Bloomberg Barclays 60/40 Composite Index
        

ESG Objectives

          The Trustees aim to integrate ESG factors into their investment analysis and decision-making processes. The investment manager selection process to appoint new managers will consider how the manager’s approach to ESG aligns to the Fund’s strategy and how ESG factors are integrated into the manager’s investment process and reporting.
        
          Consistent with the UK Stewardship Code have due regard to its policy on stewardship and corporate governance
        

Incentives and controls

Reporting requirements

Benchmark

          Bloomberg Barclays Capital Global Aggregate Corporate 1%
        

ESG Objectives

          The Trustees aim to integrate ESG factors into their investment analysis and decision-making processes. The investment manager selection process to appoint new managers will consider how the manager’s approach to ESG aligns to the Fund’s strategy and how ESG factors are integrated into the manager’s investment process and reporting.
        
          Consistent with the UK Stewardship Code have due regard to its policy on stewardship and corporate governance
        

Incentives and controls

Reporting requirements

Benchmark

          Bloomberg Barclays Capital Global Aggregate Corporate 1%
        

ESG Objectives

          The Trustees aim to integrate ESG factors into their investment analysis and decision-making processes. The investment manager selection process to appoint new managers will consider how the manager’s approach to ESG aligns to the Fund’s strategy and how ESG factors are integrated into the manager’s investment process and reporting.
        
          Consistent with the UK Stewardship Code have due regard to its policy on stewardship and corporate governance
        

Incentives and controls

Reporting requirements

04.3. Indicate which of these actions your organisation might take if any of the requirements are not met

04.4. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          
        

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