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PAI Partners

PRI reporting framework 2020

You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants

Outsourcing to fiduciary managers and investment consultants

SG 12. Role of investment consultants/fiduciary managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate whether your organisation uses investment consultants.

12.4. Indicate whether you use investment consultants for any the following services. Describe the responsible investment components of these services.

Describe how responsible investment is incorporated

          During our pre-acquisition ESG Due Diligence, the ESG team regularly contracts external investment consultants to provide a comprehensive analysis on specific topics (environment, health & safety, cyber security, food safety & quality etc) 
Those external consultants will be introduced in the process if the ESG risk level of the potential investment is rated medium or high (both by the investment team and the ESG team). If the risk is rated low, an ESG due diligence is still operated, but internally  by our ESG and investment team.

Describe how responsible investment is incorporated

          Post-acquisition, we conduct a systematic ESG review on the company, with an external consultant (PwC, Deloitte, Indefi).  
The external consultant typically reviews existing documents, meets with the Management and visits the different production sites of the company. This lays the groundwork for an ESG Action Plan based upon a deeper analysis of the company's main CSR drivers.

Describe how responsible investment is incorporated

          In  2019, PAI worked closely with management consulting firm PwC to perform an audit of our reporting framework. The audit was all-encompassing and assessed our reporting structure and procedure, as well as our reporting indicators, highlighting definition, consistency and estimation methods. Not only did this exercise serve as a tool to identify areas of improvements and draw attention to our strengths, but it also holds us accountable as a responsible investor.  

In addition, PAI works with consultants on a regular basis to address specific needs, such as, setting up a CSR governance structure, developing an energy efficiency program, and carrying out a life cycle analysis.

12.7. Additional information [Optional].