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Maryland State Retirement and Pension System

PRI reporting framework 2020

You are in Indirect – Manager Selection, Appointment and Monitoring » Monitoring

Monitoring

SAM 05. Monitoring processes (listed equity/fixed income)

05.1. When monitoring managers, indicate which of the following types of responsible investment information your organisation typically reviews and evaluates

ESG objectives linked to investment strategy (with examples)

Evidence on how the ESG incorporation strategy(ies) affected the investment decisions and financial / ESG performance of the portfolio/fund

Compliance with investment restrictions and any controversial investment decisions

ESG portfolio characteristics

How ESG materiality has been evaluated by the manager in the monitored period

Information on any ESG incidents

Metrics on the real economy influence of the investments

PRI Transparency Reports

PRI Assessment Reports

RI-promotion and engagement with the industry to enhance RI implementation

Changes to the oversight and responsibilities of ESG implementation

Other general RI considerations in investment management agreements; specify

None of the above

LE

FI - SSA
FI - Corporate (financial)
FI - Corporate (non-financial)
FI - Securitised
Private equity
Property
Infrastructure
ESG objectives linked to investment strategy (with examples)
Evidence on how the ESG incorporation strategy(ies) affected the investment decisions and financial / ESG performance of the portfolio/fund
Compliance with investment restrictions and any controversial investment decisions
ESG portfolio characteristics
How ESG materiality has been evaluated by the manager in the monitored period
Information on any ESG incidents
Metrics on the real economy influence of the investments
PRI Transparency Reports
PRI Assessment Reports
RI-promotion and engagement with the industry to enhance RI implementation
Changes to the oversight and responsibilities of ESG implementation
Other general RI considerations in investment management agreements; specify
None of the above

If you select any `Other` option(s), specify

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.

05.2. When monitoring external managers, does your organisation set any of the following to measure compliance/progress

ESG score or assessment

ESG weight

ESG performance minimum threshold

Real world economy targets

Other RI considerations

None of the above

LE

FI - SSA
FI - Corporate (financial)
FI - Corporate (non-financial)
FI - Securitised
Private equity
Property
Infrastructure
ESG score
ESG weight
ESG performance minimum threshold
Real world economy targets
Other RI considerations
None of the above

If you select any `Other` option(s), specify

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.

05.3. Provide additional information relevant to your organisation`s monitoring processes of external managers. [OPTIONAL]

          
        

SAM 06. Monitoring on active ownership (listed equity/fixed income) (Not Applicable)


SAM 07. Percentage of (proxy) votes (Not Applicable)


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