Where appropriate, based on the investment option, investment managers should integrate ESG factors as part of their investment analysis and decision-making process. An assessment of how managers are integrating ESG issues over time and compared to peers can be done in a number of ways, including:
1) Assessing an Investment Manager's level of ESG integration into its investment processes.
2) Assessing the ESG quality of an Investment Manager's portfolio holdings.
3) Assessing the stewardship qualifications of an Investment Manager, including its proxy voting and stewardship capabilities, and the extent to which the Investment Manager participates in global collaborative initiatives to promote Responsible Investment.
Such assessments may be relevant to both manager selection and monitoring processes. Bloomberg Global Retirement Plans considers the above ESG characteristics of managers in its manager selection and monitoring processes with support from its consultant.