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Maryland State Retirement and Pension System

PRI reporting framework 2020

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

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Manager Due Diligence
        
Conducted by
Asset class
Scope and process

Investment staff evaluates the ESG risks inherent in the investments and strategies under consideration for inclusion in portfolios, as well as managers’ policies for addressing those risks, as part of the external manager due diligence and monitoring processes. Since the ESG Committee’s last report, Investment staff added ESG risk specific questions to the System’s due diligence questionnaires posted on the MSRPS website, and ensured that all of the System’s consultant’s due diligence questionnaires include ESG risk specific questions. The list of staff’s ESG related due diligence questions was expanded in order to develop an internal view of best practices by asset class, and potentially create an internal ESG rating system. These efforts are expected to encourage additional discussion during internal investment committee meetings and identify managers where staff can recommend improvements.

Outcomes

Due diligence and monitoring, which includes addressing ESG issues, in an ongoing and contiuously developing process.

09.2. Additional information.

https://sra.maryland.gov/esg-risk-committee-reports

https://sra.maryland.gov/manager-opportunities

 


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