On our behalf, our fiduciary managers select, monitor and manage external managers for the funds and segregated mandates in which we are invested. SPMS recognises the important role of responsible investment, and as such sees it as mandatory that external managers apply our policies and guidelines.
External managers should share our beliefs and pay due attention to material ESG risks and opportunities in the investment decision making processes. One of the indicators hereof is when the external manager is a signatory to the UNPRI and/or other relevant organisations. Moreover, external managers should comply with all the guidelines we adhere to, such as the Dutch Stewardship Code, the Dutch IMVB Convenant, the 10 best practices by Dutch organisation Eumedion, as well as all applicable governmental laws.
SPMS has recently drafted ESG (Investment) Beliefs and one of these specifically mentions how we want to inspire external managers to innovate and be leaders in ESG - not just in their investment processes but also in the way that they organise their business. The responsible investment criteria are used as a formal component of overall manager performance evaluation.