When selecting outsourced service providers a thorough operational due diligence is completed. This due diligence process includes reviews on business overview, product mix & staffing, compliance, operational infrastructure and risk management. As part of the buisness overview review an important aspect is a review of corporate governance.
We have a close relationship with our sub-advisory company and are on hand to offer advice and support on ESG related topics. We have a number of discussions throughout the year covering general stewardship, ESG integration and active ownership. Although the Fund management is completely independent of IAM, we are happy with their level of progress in ESG integration.