Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.
We always insist that our managers have defined RI policy of their own and they provide us with a copy of that
We always include on side letters a restricted (unethical) investments list including pornography, military weapons etc.
During our due diligence we interview our potential managers and ask how they integrate their responsible investment policy as a part of their investment process by using e.g. ESG check lists, external consultants etc.)
We carry out continuously dialogue with our managers. We also are participating in AGMs and are also quite often represented in advisory boards where we also contribute on ESG matters
When needed in AGMs or Advisory Boards we use our votes on ESG matters as well.
We encourage managers to join PRI and carry out ESG enquiries in our investee funds and managers
ESG specific improvements are as a part of our regular monitoring process.
Incentives and controls
Provide additional information relevant to your organisation`s appointment processes of external managers.