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

Glenmede

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Fixed income - securitised

Private equity

Property

Hedge funds

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - securitised

Fixed income - securitised - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Property

Property - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Commodities

Commodities - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Hedge funds

Hedge funds - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Money market instruments

Money market instruments - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.3b. If your organisation does not integrate ESG factors into investment decisions on your externally managed assets, explain why not.

Within GIM, ESG incorporation is addressed within the listed equity asset class, through the incorporation of ESG momentum as a factor in the stock selection for all quantitatively-based equity strategies. GIM also offers two ESG-mandated strategies- Responsible ESG and Women in Leadership- that incorporate ESG integration and screening techniques. Additionally, in 2019 GIM started taking steps to launch a firmwide initiative to explore ESG incorporation across all strategies, including fundamental. We anticipate that in the next year, GIM will have fully incorporated ESG across all investment strategies.


Within GTC, ESG incorporation is addressed among select ESG-mandated fund managers within listed equity, fixed income SSA, fixed income corporate (non-financial), and private equity. We also will be formalizing our ESG integrated criteria by which to evaluate all managers across the entire platform in 2020.

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

GTC: The Manager Research Group employs a proprietary evaluation tool called the Sustainable & Impact Scoring Marix, which first determines a strategy's investment approach across ESG Integration, ESG Mandated, Thematic, and Concessionary High-Impact. Once an investment approach is determined, a weighted materiality matrix is applied across five key areas: Impact Outcome; Philosophy of a Firm; Proprietary Data and Engagement; Documentation, Measurement and Reporting; and Industry Contribution. The Sustainable & Impact Scoring Matrix is revisited quarterly via manager reviews, including analysis of an underlying portfolio to ensure alignment with a client's values. At Glenmede, senior specialists support the ongoing evaluation and monitoring of all managers as part of their normal investment duties, with continual review of the strength of each strategy's approach to Sustainable & Impact investing.  We offer underlying managers specific detail around areas in which we suggest they improve to ensure they are positioning in line with the evolution of the market.  By that standard, we seek to be a constructivist in improving the overall quality of ESG related approaches in the marketplace.

GIM: GIM has been managing ESG-mandated portfolios using a quantitatively-based discipline for more than ten years based on restriction lists and downside screening. GIM's Responsible ESG strategy is based on a combination of positive and negative screenings using MSCI rankings. Stocks with poor ESG rankings are sold from the portfolio and excluded from buy lists. We adjust our alpha signals to reflect a combined 40% weighting in the absolute level and 1-year change in ESG scores. GIM's Women in Leadership strategy focuses on companies with significant executive and/or management exposure, including chairwoman, female CEO, >25% of board or at least 25% of women in management.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

Direct - Listed Equity active ownership

Direct - Fixed Income

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


Top