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Colonial First State

PRI reporting framework 2020

You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants

Outsourcing to fiduciary managers and investment consultants

SG 12. Role of investment consultants/fiduciary managers

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

12.1. Indicate whether your organisation uses investment consultants.

12.2. Indicate how your organisation uses investment consultants in the selection, appointment and/or monitoring of external managers.

Asset class

Asset class

12.3. Indicate if your organisation considers responsible investment in the selection, appointment and/or review processes for investment consultants.

12.4. Indicate whether you use investment consultants for any the following services. Describe the responsible investment components of these services.

Describe how responsible investment is incorporated

          We expect our investment consultant, Mercer, to take our Responsible Investing Framework into consideration when advising on investment policy development.
        

Describe how responsible investment is incorporated

          We expect our investment consultant, Mercer, to take our Responsible Investing Framework into consideration when advising on strategic asset allocation. The investment consultant conducts climate scenario analysis on the proposed strategic asset allocation annually.
Mercer conducted a stress test for sudden change in scenario expectations using their methodology and systems for the MySuper lifestage options . This analysis was used in the annual review of strategic asset allocation process.
        

Describe how responsible investment is incorporated

          We expect the investment consultant to take our Responsible Investing Framework into consideration when advising on investment research. The investment consultant provides top down external manager ESG scores on associated strategies.
Over the years, the consultant has built extensive resources to conduct ESG research on managers and provide clients with a separate ESG score to assess managers on ESG risks along side investment research.
        

12.7. Additional information [Optional].

Through a third party ESG service provider we monitor our managers’ ESG ratings and the direction of their rating over time as well as using the ESG ratings from our investment consultant.

Due to the complexity of our investment offerings across our portfolios we rely on this external research to add value to our own (non ESG)  manager research to inform our view on managers.


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