Cbus uses a number of tools and frameworks to monitor managers including IMAs, Cbus ESG Manager survey and due diligence questions, third party service provider information including Sustainalytics, TruValueLabs and GRESB.
For segregated mandates, Cbus requires annual reporting as specified in the investment management agreement.
The majority of managers also provide ESG information in quarterly reviews to Cbus as well as ESG assessment in formal annual reviews.
For property and infrastructure, ESG is monitored in Fund Manager Reporting to Cbus as well as manager's being encouraged to become signatories to GRESB as per the Side Letter instruction. Cbus also monitors responsibilities in relation to governance of conflicts in relation to investments and management.
ESG Portfolio characteristics: For equities, Cbus has access to third party service provider data both backward looking company and sector information and also real time momentum ESG information with a materiality overlay (SASB). This can be applied to both companies and fund manager portfolios to determine ESG characteristics of relevant portfolios and individual stocks. For private markets, Cbus uses GRESB benchmarking to assist with ESG portfolio level and asset information.