This report shows public data only. Is this your organisation? If so, login here to view your full report.

Bloomberg LP Retirement Plans

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

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          We encourage improved practices through discussions with managers on how ESG considerations influence their idea generation and portfolio construction processes. These discussions and analysis of managers’ holdings and engagement/voting processes draws attention to the fact that clients (and asset owners, more broadly) are paying attention to these issues. This should, with time, lead existing managers to follow suit and improve RI practices to fulfill client needs.
        

Measures

          ESG scores are used in manager selection and monitoring of replacement processes and inform the selection of new managers.
        

08.2. Additional information. [Optional]


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
          Manager Monitoring
        
Conducted by
Asset class
Scope and process

ESG scores and changes to these scores (along with an analysis of why these changes occurred) are reviewed on a regular basis.

Outcomes

Awareness of the degree of ESG incorporation for current managers.

Topic or issue
          Manager selection
        
Conducted by
Asset class
Scope and process

ESG ratings and rationale are included in manager searches.

Outcomes

Good ESG scores are considered a positive criterion (alongside other factors) during manager searches.

Topic or issue
          Stewardship
        
Conducted by
Asset class
Scope and process

Manager engagement/proxy voting processes were evaluated.

Outcomes

Provides awareness of manager stewardship approaches and their alignment, or misalignment, with Bloomberg priorities and views on ESG issue management.

Topic or issue
          Climate change
        
Conducted by
Asset class
Scope and process

Climate change scenario analysis and carbon footprinting are ongoing exercises to evaluate the potential risk.  This may, in the future, impact the direction of Plan investment strategies but nothing has yet been formalized.

Outcomes

Provide awareness of total portfolio and individual manager climate change risk.

09.2. Additional information.


Top