We require public managers to complete an Annual Compliance Questionnaire. We ask for a copy of their ESG policy, and for details regarding how the analysis of ESG risks is integrated into their investment process.
The System utilizes the Global Real Estate Sustainability Benchmark (GRESB) to assess the ESG performance of its core real estate portfolio. GRESB is an investor-driven organization committed to assessing the ESG performance of real assets globally. GRESB runs annual assessments on participating companies and funds to capture information regarding the ESG performance and best practices of real estate portfolios. The assessments provide a consistent, global framework for investors to engage with managers on their ESG performance.
The System requires potential energy managers to complete an ESG DDQ which questions the managers’ ESG-related policies and procedures in depth.In the System’s side letter, energy managers are asked to include ESG guidelines in their investment process and provide Staff with annual updates on ESG issues (both positive and negative).ESG language has been included in the side letter of several of the System’s energy managers’ most recent funds.