Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.
Idinvest Partners' shares its sector exclusions and normative exclusions policy as set in its C-IR policy
Idinvest Partners' informs GPs of its commitments (PRI, iC International) and encourages them to join these initiatives
Idinvest informs the GPs of its commitment to climate as an iC International signatory, and engages the GP to contribute to this commitment; also engages GPs to take into account the principles of corporate governance published by the UN Global Compact
Incentives and controls
Provide additional information relevant to your organisation`s appointment processes of external managers.
During the appointment processes of external managers, Idinvest Partners deploys relevant initiatives to ensure the adoption of a responsible investment approach throughout its Funds of funds and Mandates activities. Namely, Idinvest:
• Communicates its ESG policy (including exclusion) to GPs
• Requires the GP to provide a report on ESG matters on a yearly basis through the firm’s ESG questionnaire
• Encourages the GP to adopt a responsible investment approach and if possible, to become a PRI signatory
A standard clause relating to responsible investment is included in side-letters concluded during the appointment processes. Its aim is to communicate Idinvest Partners’ commitments towards responsible and the firm’s expectations relating to reporting and climate-change risk management.