In 2016, we updated our SRI Charter to improve our ESG evaluation and SRI strategy. We have worked with our asset managers to update it. In 2017, we have worked together to implement the changes which mainly consist on:
- a more granular sectorization in which assets are classified
- new and modified ESG indicators with E, S and G pillars more balanced and a focus on environmental and social impacts of services or products
- change on weight to better evaluate material issues in each sector
- a better following of companies controversies with asset managers' engagement on targeted companies
- a development of ESG impact indicators
More globally, ERAFP challenges its asset managers on a permanent basis. On a bi-annual basis, at each committee with an asset manager, ERAFP requests a reporting on portfolio's ESG performance vs. Benchmark's ESG performance, monitoring of most important ESG controversies, engagement activity for the portfolio and ESG impacts.
The ESG and climate-related evaluations made by ERAFP's own service providers help to monitor and challenge asset managers' RI performances and practices.
For Private Equity, Infrastructures and Real Estate mandates, ERAFP's asset managers are involved into the climate-related analysis by participating to the data collection and discussing results. Each year, they are encouraged to improve the level of transparency to make credible analysis.
Finally, ERAFP always encourages its asset managers to participate to the RI practices improvement. For instance, in 2018, signing the ACT (Assessing Low Carbon Transition) Charter, ERAFP has committed to promote ACT methodologies and evaluation with asset managers.