If your organisation does not integrate ESG factors into investment decisions on your externally managed assets, explain why not.
We have 10 clients in our alternative assets pools which have been relatively static for the last 15 years. We have not removed any property, hedge funds and cash managers, and so have not made ESG factor decisions.
Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.
United Church Funds actively seeks to incorporate ESG managers into our lineup. Whan an asset class's manager is being considered for replacement, our investment consultant is tasked with bringing ESG managers forward. In addition, ESG managers that may represent a new asset class for United Church Funds are considered as a way to enhance the portfolio. While we have agreements with separate account managers to implement our screens, we do not have agreements regarding ESG focus with managers unless they were explicitly managing an ESG portfolio. We engage our managers on their ESG progression on an ad hoc basis, including questions around ESG integration during the SAM interviews and meetings.