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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
If we find out that the external partner is not following our RI principles, we have possibility to start using another external fund with better RI practices.
Discussion with the manager how ESG aspects are defined and implemented
During 2018 we have discussed with several external fund managers, how they have defined ESG and what does it mean practice. We have noticed that sometimes the definitions are are quite general, which means that implementation practices can differ.
Due to this, we have required precise definitions what does ESG integration mean in practice and also required concrete examples how is it done in practice. This has lead to the changes in the use of external funds i.e. some of the funds are not used any more and others' use have been increased.