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Environment Agency Pension Fund

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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

成果および結果

SAM 08. Percentage of externally managed assets managed by PRI signatories

08.1. 組織では、RIに関するベストプラクティスが保有資産の運用に確実に適用されるようどのようにして万全を図っているその内容を説明してください

既存の投資運用会社に対し、RIプラクティスの改善を働き掛ける

方策

          Annual review meeting where we question RI practices and make suggestions of best practice where appropriate. 
Continual monitoring of reporting and make suggestions of best practice where appropriate. 
Selective monitoring of AGMs and/or voting and dialogue on specific voting decisions. 
Monitoring of approach to current risks, for example in 2019 we wrote to all our managers about deforestation.

より優れたRIプラクティスを実行している投資運用会社に資産を移す

方策

          EAPF and Brunel are committed to integrating RI across all asset classes.  Details of the approach is set out in the RI and Stewardship Policies.   
Brunel also provides for low carbon equities in its listed markets in which EAPF invests through Brunel. The EAPF also invests significantly in Global Sustainable Equities.  
Private markets has a focus in renewables and proactively identifies impact investment opportunities across PM which supports EAPF's current private markets investments.

その他、具体的に記載してください

上記のいずれでもない

08.2. 補足情報 [任意]

SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. 報告年度において、運用会社の選定、指名やモニタリングプロセスの過程で、ESG問題がどのように対処されているかを示す事例を挙げてください。

例1を追加

トピックまたは問題	Annual manager review meetings
実行者
資産クラス
対象範囲およびプロセス	Annually we ask around 80% of our fund managers across all asset classes to attend an in-person review meeting. Our panel consists of officers, pension committee members, investment consultants and external subject matter experts. Part of the meeting is always dedicated to RI, and carbon footprinting where appropriate.
結果	On RI we asked managers to report specifically on: Their process for considering physical risks in relation to climate change (CC) the priority given to climate change in engagement/advocacy and plans for the next 12 months an update on TCFD reporting both by the manager and the uptake and quality of TCFD reporting for those companies in which we invest. the managers 2 key ESG priorities (after CC) and engagement/advocacy plans for the next 12 months The outcome is that we are pleased that in relation to the above the vast majority of our managers are performing as we would expect. Where there isn't a valid reason why they are not, through the meeting the manager is clear what our expectations are and they know we will follow up post meeting and the following year, so we expect that progress will be made, which is evidenced from prior years. We challenge managers on highest carbon emitters/where there is a lack of carbon reporting and we know that managers engage and there is a year-on-year reduction in the carbon footprint of mandates and lower incidences of modelling companies carbon emissions.

例2を追加

トピックまたは問題	Whether our investments are implicated in deforestation.
実行者
資産クラス
対象範囲およびプロセス	We wrote to all our managers asking them if our mandate with them has companies that may directly/indirectly be contributing to deforestation and to be made aware of any recent action taken or planned to address the deforestation issue. Also, if any of our holdings have made/will make a positive contribution to forestation.
結果	Highlighting to managers that an asset owner sees deforestation as a serious issue and is monitoring them on the issue. Reassurance that the vast majority of our assets do not contribute to deforesation and where there has been a potential risk, mitigation is in place.

例3を追加

トピックまたは問題	How climate change risk is being addressed by the companies in which we invest
実行者
資産クラス
対象範囲およびプロセス	In 2019 we began our initiative of attending the AGMs of companies in which we invest. As part of our analysis in preparing our question we contacted the relevant fund manager(s) requesting ESG information about the company(ies).
結果	In one example we were made aware of an issue. We raised this directly with the Board of the company, who welcomed the question. Further engagement commenced at the AGM (following the formal meeting), more meetings have taken place and the engagement is ongoing.

例4を追加

例5を追加

例6を追加

Add Example 7

事例を提供することはできない

09.2. 補足情報 [任意]

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