Before making an investment decision, SPF Beheer, on our behalf, conducts due diligence on every external manager. ESG is part of this due diligence process. An ESG questionnaire is send to the manager and the manager's policy and practices are analyzed and evaluated. A recommendation is then send to the Investment Committee. They decide whether to select the investment manager.
Our minimal ESG requirements are then recorded in the legal documentation. A manager has to adhere to these minimal ESG requirements at all times. Adherence to the SPOV exclusion list is checked via our systems on a daily basis. Adherence to the SPOV ESG broader policy is checked via reporting from and meeting with external managers.