This report shows public data only. Is this your organisation? If so, login here to view your full report.

Bregal Investments

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 (Private)


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
          Decline of GP/manager commitment due to ESG performance
        
Conducted by
Asset class
Scope and process

During due diligence on a prospective new investment we identified several high ESG risk investments in their realised and current portfolios. Although these investments were technically within their mandate and our investment restrictions from the side letter, we decided not to commit to this GP due to lack of ESG performance and understanding/recognition.

Outcomes

Although these investments were technically within their mandate and our investment restrictions from the side letter, we decided not to commit to this GP due to lack of ESG performance and understanding/recognition.

Topic or issue
          UN PRI signatory
        
Conducted by
Asset class
Scope and process

We signalled to the prospective manager that we expect them to sign up to UN PRI during this investment period.

Outcomes

Subsequently the manager signed up to UN PRI and adopted an ESG policy

Topic or issue
          High ESG exposure at existing manager
        
Conducted by
Asset class
Scope and process

Screening of ESG exposure of existing managers

Outcomes

Significant ESG risk exposure at an existing manager lead us to engage with the manager and have them report back to us how they manage the ESG risk. The manager subsequently addressed several of these issues with their portfolio companies

Topic or issue
          Share best practices
        
Conducted by
Asset class
Scope and process

Engagement with new external manager on ESG implementation

Outcomes

Our inhouse ESG team engaged with the new external manager to assist them in implementing ESG best practices. We had a few calls with the new manager and share best practices and documents from our own ESG programme in order to kickstart their ESG programme. This engagement was part of the understading with the manager to commit to their fund

09.2. Additional information.


Top