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BT Financial Group

PRI reporting framework 2020

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

Outputs and outcomes

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

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          We encourage our investment managers to continually improve their RI practices. We saw improvements in ESG practices across a number of managers during 2019. We encourage improvement in ESG integration and stewardship generally, along with the management of key ESG issues such as climate change.
        

08.2. Additional information. [Optional]

In addition to the BTIS investments business, for BT's execution services,  BT undertakes an assessment of a manager’s approach to ESG integration and actively encourages managers on the platform to become PRI signatories.


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

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Manager selection - development of sustainable investment approach for Infrastructure
        
Conducted by
Asset class
Scope and process

In 2019, the BTIS Investments team began assessing infrastructure fund opportunities. The team developed a process for assessing the sustainable investment approach of potential investment managers, drawing upon resources from the PRI among others. 

Outcomes

The team undertook sustainable investment reviews of potential infrastructure investment managers, including by meeting with the managers and discussing the underlying assets and associated ESG risks and opportunities. This process has been incorporated into the BT Investments team's process for selecting Infrastructure investment managers.

Topic or issue
          Manager selection and appointment  – encouraging the adoption of sustainable investment practices
        
Conducted by
Asset class
Scope and process

We encourage investment managers to improve their RI practices during the selection and appointment process, and through ongoing monitoring following appointment.

Outcomes

During the appointment process, we encouraged investment managers to improve their sustainable investment process. By monitoring their progress, we have confirmed that investment managers engaged have further developed and formalised their processes, including by becoming a PRI signatory. This is an ongoing program of work to encourage and monitor progress in this area.

09.2. Additional information.


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