This report shows public data only. Is this your organisation? If so, login here to view your full report.

AP4

PRI reporting framework 2020

Export Public Responses
Pdf-img

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

ESG Objectives

          All managers are notified of AP4's exclusion list and thematic divestments.
        
          Ask managers to be members of for example PRI, GRESB. All managers are notified of AP4's exclusion list and thematic divestments..
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          for example, identification of positioning of the strategy, e.g.,  do no harm, benefit stakeholders, contribute to solutions
        
          for example, exclusion of companies involved in 
i)	the production and selling or trading of nuclear weapons; 
ii)	the production and selling or trading of tobacco or cannabis;
iii)	operations related to thermal coal and oil sand; and
iv)	the production and selling or trading of cluster munitions and mines.
        
          for example, ensuring sustainability/ESG risks and opportunities are an integrated part of the investment evaluation of the manager, including climate related risks (in line with TFCD)
        
          for example, the manager needs to confirm it will use commercially reasonable efforts to proactively identify and manage sustainability related risks and opportunities in the Fund and Investments, as part of the governance and management of the Investments.
        
          for example, we encourage managers to be signatories of the PRI, to support and report in line with TFCD and GRESB (real estate and infrastructure), OECD guidelines for MNEs
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        
          Please see comments for Private Equity
        

Incentives and controls

Reporting requirements

04.3. Indicate which of these actions your organisation might take if any of the requirements are not met

04.4. Provide additional information relevant to your organisation`s appointment processes of external managers. [OPTIONAL]

          ESG is part of the overall valuation, follow up, monitoring.
        

Top