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Monitoring against ESG objectives occurs biannually, and quarterly reviews include evaluation of Mercer ESG ratings.
Provide additional information relevant to your organisation`s monitoring processes of external managers.
The primary goal for each investment fund is to produce reasonably consistent, competitive results relative to the benchmark, peer group and risk characteristics. Multiple time-periods are used to measure each investment fund’s performance. This may include analysis against ESG benchmarks and peer groups where applicable using fund level or holdings level assessments. In addition to performance, monitoring includes evaluating whether the investment process and style has been consistent over time. For relevant funds, this should include the consistent application of ESG guidelines or processes. Any material changes to the people and staff who perform research and security selection, including ESG specialists or teams, are reviewed carefully.