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Connecticut Retirement Plans and Trust Funds (CRPTF)

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

Other description (1)

General Corporate issues such as linking executive compensation to corporate responsibility.

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

For each of the plans and trusts within the CRPTF, the Investment Policy Statement sets forth investment objectives and asset allocation guidelines.  These objectives are long term in nature and have been established based on a comprehensive review of the capital markets and the underlying plans' and funds' current and projected financial requirements. Over the long term, prudent investment risk-taking may be rewarded with higher incremental returns. Consequently, while capital preservation is regarded to be of paramount importance, the Treasurer regards prudent risk-taking as justifiable.

The Treasurer’s corporate governance program is designed to protect and enhance the long-term value of the CRPTF’s investments. The program was developed in accordance with the Treasurer's fiduciary responsibility to prudently manage pension fund assets and oversee proxy voting decisions, promote corporate governance best practices, and engage in other activities that are critical to the financial performance of the companies in which the CRPTF invests.  In addition, the CRPTF’s external managers are evaluated in terms of the manner in which they integrate ESG considerations into the investment process.  

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

At this time, we hold our outside managers accountable for this information.

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Describe the associated timescales linked to these risks and opportunities.

In accordance with the Paris Climate Agreement.

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

Describe

Our office is a member of Climate Action 100+ which coordinates shareholer engagement with the world's larger emitters of greenhouse gasses. There are set organization-wide strategies which we discuss with our portfolio companies, including:  1) Implementation of a strong governance framework (e.g., board's accountablity and oversight of climate change and opportunties); 2) Reduction of greenhouse gas emissions across the value chain; and 3) enhanced corporate disclosure.

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

02.3. Additional information [Optional].

Global Proxy Voting Policy:  http://www.ott.ct.gov/PDFs/globalvotingpolicies.PDF

 

Compliance Reporting:  http://www.ott.ct.gov/business_compliancereporting.html


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Conflicts of interest are managed through the CRPTF's contracting process. The process requires disclosure of actual and/or potential conflicts, and also calls for investment managers to update CRPTF on conflicts for the life of their agreement with the CRPTF.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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