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Newbury Partners

PRI reporting framework 2019

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 (Private)


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
          Manager selection
        
Conducted by
Asset class
Scope and process

In all of our transactions (secondary, co-investment), ESG issues are among the core screens in our Investment Committee process. 

Outcomes

We have passed on transacions, where portfolio concentrations in concerning industries have presented themselves. As an example, we declined an opportunity to work on a transaction which featured a portfolio in which a coal mining operation was a key holding.

Topic or issue
          Portfolio Construction
        
Conducted by
Asset class
Scope and process

Over the course of the past decade, we have pro-actively moved away from investing in portfolios with natural resources and heavy industrial company assets. This has occurred through transaction screening and manager selction, with an increased emphasis on integrating ESG into our investment process.

Outcomes

Compared to prior portfolios, we have reduced our exposure to these types of investments by approximately 70% - from roughly 25% of prior portfolios to roughly 8% currently.

09.2. Additional information.


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