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Insurance Australia Group (IAG)

PRI reporting framework 2020

You are in Organisational Overview » Asset class implementation gateway indicators

Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Fixed income Corporate (financial) – engagement

Fixed income Corporate (non-financial) – engagement

Fixed income Corporate (securitised) – engagement


OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Cash

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - securitised

Fixed income - securitised - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Hedge funds

Hedge funds - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Other (1)

Other (1) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

External investment manager selection, appointment, initial and ongoing due diligence and engagement with investment managers is made cognisant of managers consideration of ESG risks (and opportunities) in security selection and portfolio construction, including their active ownership/stewardship approaches. Written guidelines for investment manager due diligence and implementation and an ESG policy for investments outline the overall requirements. As a supplement, we also use investment consultants and ESG research providers as independent resources where relevant in supporting these activities. Appointment of investment managers is made considerate of their ESG credentials as relevant to the asset class, the form of the investment (segregated mandate or comingled vehicle) and investor rights.

ESG due diligence includes an assessment of:

• Current, planned or possible integration of ESG considerations in security selection portfolio construction/risk management
 • ESG and carbon footprint related portfolio objectives, targets, overlays and/or restrictions that may be employed
 • Capabilities for reporting and benchmarking strategies for ESG factors/risks and climate footprint
 • ESG research agenda and the use of ESG research providers
 • Active ownership, stewardship and proxy voting activities/policies and examples of regular reporting available to clients
 • ESG policy framework, outlining responsibility for investment management of ESG issues and oversight
 • Participation in ESG related organisations (PRI etc.).

 Our approach recognises that collaboration with others in the investment industry may increase the extent to which our ESG program can benefit. We are therefore an active participant in collaborations that can help us to further integrate ESG into our investment processes.

IAG reviews polices and processes related to responsible investment and investment manager selection and appointment on an annual basis.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Fixed Income

RI implementation via external managers

Indirect - Selection, Appointment and Monitoring of External Managers

Closing module

12.2. Additional information. [Optional]


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