For our discretionary managed portfolios we incorporate an ESG questionnaire as part of the qualification criteria in our managing agent selection process. Part of the appointment process includes an agreement ensuring environmental and social performance is tracked and monitored. This reporting forms part of the ongoing performance management, with monthly/quarterly reporting agreed as relevant - ESG progress is reported quarterly as part of quarterly investor reporting. ESG is incorporated as part of our strategic objectives across all our discretionary managed funds and is, therefore, an integral part of our business and those advisors we employ.
For our indirectly managed funds we issue ESG surveys on an annual basis to the external investment managers to ensure we understand how external investment managers are investing and how much resource is applied to ESG issues across our indirectly managed investments. Our assessment criteria covers Governance & Policy, Reporting, Certification, Monitoring & Targets, Supply Chain and Legislative Compliance of the portfolio under management.