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
Incentives and controls
Benchmark
Dependent upon the investment strategy, but we look at the risk-return in context of traditional benchmarks rather than ESG benchmarks.
Incentives and controls
Benchmark
Dependent upon the investment strategy, but we look at the risk-return in context of traditional benchmarks rather than ESG benchmarks.
Incentives and controls
Benchmark
Dependent upon the investment strategy, but we look at the risk-return in context of traditional benchmarks rather than ESG benchmarks.
Incentives and controls
04.4.
Provide additional information relevant to your organisation`s appointment processes of external managers.
[OPTIONAL]
The answers above currently relate only to those managers that hold themselves out as ESG managers.
We allow our investment managers to select their impact themes based on their ESG objectives and work with them to evolve their ESG reporting. If our conviction in a manager’s ability to meet their stated ESG Objectives deteriorates and all other actions have been unsuccessful, we would terminate the manager. On an annual basis, we ask our managers to send updated ESG reports.