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Insurance Australia Group (IAG)

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

Cash

IAG relies on and subscribes to external credit rating agency assessments of credit risk (Standard & Poors) and ESG ratings assessments from MSCI ESG manager. In doing so IAG Asset Management has assessed the extent to which ESG issues have been considered in the overall credit risk assessment. IAG Asset Management maintains close dialogue with, and monitoring of issuers in portfolios, including an assessment of issuer ESG practices.

16.2. Additional information [Optional].


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally 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

Private equity

Where relevant IAG will seek to monitor ESG risks and incorporation of ESG considerations within portfolios. IAG  will seek to be active investor through its participation in investor advisory committees or boards where the nature and size of the investment warrants this.

Hedge funds - DDQ

Select whether you use the PRI Hedge Fund DDQ

Hedge funds

Where relevant IAG  will seek to monitor ESG risks and incorporation of ESG considerations within portfolios. IAG  will seek to be active investor through its participation in investor advisory committees or boards where the nature and size of the investment warrants this. In 2019 IAG requested completion of ESG questionnaire by hedge fund managers.

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

Where relevant IAG will seek to monitor ESG risks and incorporation of ESG considerations within portfolios. IAG  will seek to be active investor through its participation in investor advisory committees or boards where the nature and size of the investment warrants this. In 2019 IAG requested completion of ESG questionnaire by global convertible bond manager.

17.2. Additional information.


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