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

Nysnø Climate Investments

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets (Not Applicable)


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Private equity

Cash

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

Selection

When screening potential mangers and specific funds, Nysnø considers the manager's focus, track record and policies regarding ESG. As we invest in the seed and venture phase with less publicly available infromation we supplement this through meetings with managers and further requests for documentation. Further, to be in line with Nysnø's mandate, the manager must commit to the fund contributing to the reduction of greenhouse gas emissions.

Appointment

Upon investments in funds (including PE, venture and securities funds), Nysnø will include ESG assessments in its evaluation of both fund managers and funds. Nysnø will supplement publicly available evaluations and rankings with an independent assessment of the fund manager’s and the fund’s ESG work, actual as well as planned. Nysnø will solely invest in funds where the manager has signed the PRI or other equivalent internationally recognised ESG standards, or has implemented satisfactory internal ESG standards.

We ensure this by the following steps:

  • using PRI's LP ESG questionnaire supplemented with questions regarding climate
  • including requirements in the fund investment policy, LPA and Side Letter regarding ESG policy, portfolio follow-up and reporting duties
  • including requirements that ESG issues shall be on the Advisory Committee's agenda and securing Nysnø a seat in the Advisory Committee where our investments are of such a size that this is relevant
  • conducting meetings with the managers with ESG as a specific topic, both before and after appointment

Monitoring

Monitoring is performed by involvement in the governing bodies of the fund in which we are invested, reports from the manager and dialogue and meetings with the manager. As Nysnø has a specific climate mandate, the manager may have other funds that do not hold themselves out to meet the same standard with regards to "E" impact. Our focus is therefore primarily on ensuring that the manager is adhering to the ESG policy and impact goals set for the fund in which Nysnø is invested. 


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Other asset classes with dedicated modules

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


Top