Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.
ESG is an integral part of due diligence on investment managers, through ESG DDQ and due diligence questions. ESG issues are assessed as part of the investment manager's track record of historic deals. ESG is part of side letters to ensure ESG is integrated by the manager and certain exclusions are agreed. Subsequently, after investment we perform a bi-annual ESG screening of the entire portfolio of fund managers (35-40 GPs) to assess ESG management capability of the manager, headline risk of portfolio companies and general ESG exposure of the portfolios. High risk ESG exposures are selectively addressed with the relevant GPs