If you select any `Other` option(s), specify
The consultant continually assess managers relative to their peer group.
Provide additional information relevant to your organisation`s monitoring processes of external managers.
Our investment consultant has a relatively high touch approach to manager monitoring, typically conducting meetings twice a quarter. ESG issues will typically be covered in these meetings when they arise. Within listed equities, the consultant also requires the manager to respond to a set of ESG questions on a regular basis (quarterly for Australian equities and fixed interest, six-monthly for global equities). These questions are designed to ensure that any changes to team or process are identified, and asks the manager to report on their proxy voting and engagement activities.
In addition to regular surveys noted in prior sections, our investment consultant undertakes other ad-hoc research into manager ESG practices. This serves two purposes - it ensures that the consultant has a sound basis for assessing what is best practice and what the peer group "average" is; and they believe it serves to place pressure on managers to continually develop their approach and keep up with the peer group (pieces of research are shared with respondents and the consultant spends time with laggards).