Our focus on ESG criteria starts during the screening process, when we scrutinize a manager's investment strategy and philosophy regarding responsible investing.
During our due diligence, we have an in-depth discussion with the manager about ESG guidelines for their fund, their company and the overall philosophy. While we do not require the manager to be a signatory to the UNPRI, we emphasize that the adherence to responsible investing by the manager is of high importance for Suva. The findings are summarized in a dedicated section in our Investment Memorandum, which is discussed by the Investment Committee including the Head of the Finance Department.
For each new investment we attempt to negotiate the addition of a section covering ESG in our bilateral contracts. In particular, we try to have the manager explicitly acknowledge that Suva is a signatory to the UNPRI.
A continuing awareness of ESG principles is an integral part of our ongoing monitoring of any fund after the initial investment.