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Union Mutualiste Retraite

PRI reporting framework 2020

You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Private Debt Fund
        
Conducted by
Asset class
Scope and process

During the year, UMR investment team has met a Tier 1 asset manager in order to have a presentation about its private debt fund. The presentation did not mention ESG and answers given in the DDQ were judged too weak since the company was just starting implementing extra financial analysis.

Outcomes

Since the asset manager has been judged too weak on ESG criteria, UMR investment team has decided not to invest in the fund but keep that manager in its watchlist. The decision could be reviewed in the future if the company demonstrates a real improvement on those aspects.

09.2. Additional information.


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