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Triton Investment Management Limited (TIML)

PRI reporting framework 2020

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equities – ESG incorporation

ESG processes have been put in place with appropriate training.  

Relevant staff have been trained to involve the ESG team when assessing potential investments.  

Such processes at the initial research phase include:

  • a sector screen focusing on a particular industry; 
  • compliance/criminal checks so all are aware of criminal issues such as corruption, fraud or sanctions; and 
  • as due diligence progresses a more specific ESG screen of the target.  

In respect of these screens, Triton uses various online screening providers such as Exiger and RepRisk to conduct more detailed ESG diligence with ratings analysis.

This, combined with the ESG team's involvement, ensures that all investment teams and decision makers are made aware of any relevant ESG issues.   

Listed equities -  engagement 

When appropriate the Investment Team have engaged directly with management of specific investments and engaged with the boards of listed issuers to discuss ESG issues   

Listed equity - (proxy) voting

The investment team usually exercises its voting rights directly at Company General Meetings.  However given the investment strategy, these are minority voting rights. 

Other (1) [as defined in Organisational Overview module]

Triton manages a dedicated debt investment fund which invests in public and private debt instruments. Formal ESG processes have been implemented in this fund's deal cycle, including annual training of all Investment Professionals. 

Pre-acquisition, target companies are subject to:

  • A sector screen focusing on its particular industry to identify inherent ESG risks; 
  • Compliance/criminal checks to identify any potential criminal issues such as corruption, fraud or sanctions; and 
  • A more specific ESG screen to identify any ESG risks associated with the target 

Investment Professionals involve the ESG team throughout the due diligence process when assessing potential investments. The above checks enable material ESG risks to be identified pre-trade, and for appropriate assurances and safeguards to be put in place (e.g. pricing ESG risk into downside business case). Post-trade, investee companies are monitored on a continued basis for ESG performance so that any concerns can be raised with the issuer's management in a timely manner. 

 

16.2. Additional information [Optional].


SG 17. ESG issues for externally managed assets not reported in framework (Not Applicable)


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