In 2018 we performed for the first time comprehensive analysis on ESG factors on all managers used in our investment strategies. Prior to this ESG evaluations were based more on PM discussions.
In fixed income, where we use primarily active managers, we reviewed the following topics on each manager: UN PRI signatory, how ESG analysis is performed (databases used, incorporation into analyst fundamental analysis work), policies for engagement (both statistics and individual case examples), active ownership (policy and examples), ESG investment principles (firm wide or asset class specific), ESG reporting (frequency and content), exclusion lists and the definition for controversial weapons, climate strategy (is there a strategy in place and if not, are they developing one or otherwise taking into consideration climate change as part of investment strategies), measurement of carbon footprint.
In equity ETFs, we look at all the aspects listed above but take into consideration that the products tend to be more on the passive side, and hence less likely to e.g. be able to provide similar engagement examples as products run with extensive fundamental analysis resources.