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Marks & Spencer Pension Scheme

PRI reporting framework 2020

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - Corporate (non-financial)

Engagements for monitoring typically involve a series of interactions with senior company personnel including at board level. Engagements for monitoring purposes always take the form of a two-way dialogue with the company and do not solely involve letter writing activity, though letters may be used to follow up calls or meetings or to confirm understanding of the facts. Engagements for monitoring are undertaken to gather information on companies' processes to ensure that they adhere to best practice. Perceived risks to shareholder value or reputational risks may then be taken forward with a view to influencing desired change.

Fixed income - Securitised

See above.

Private equity

When a fund manager is interviewed to be considered for managing a mandate its approach to identifying, quantifying and managing ESG risks within the portfolio is discussed with the manager and the views of the investment consultant are also considered.

Property

When a fund manager is interviewed to be considered for managing a mandate its approach to identifying, quantifying and managing ESG risks within the portfolio is discussed with the manager and the views of the investment consultant are also considered.

Infrastructure

When a fund manager is interviewed to be considered for managing a mandate its approach to identifying, quantifying and managing ESG risks within the portfolio is discussed with the manager and the views of the investment consultant are also considered.

Hedge funds - DDQ

Select whether you use the PRI Hedge Fund DDQ

Hedge funds

When a fund manager is interviewed to be considered for managing a mandate its approach to identifying, quantifying and managing ESG risks within the portfolio is discussed with the manager and the views of the investment consultant are also considered.

Other (1) [as defined in Organisational Overview module]

When a fund manager is interviewed to be considered for managing a mandate its approach to identifying, quantifying and managing ESG risks within the portfolio is discussed with the manager and the views of the investment consultant are also considered.

Other (2) [as defined in Organisational Overview module]

When fund managers are interviewed to be considered for managing a mandate for Secure Income assets, its approach to identifying, quantifying and managing ESG risks within the portfolio, both on acquisition and over the life of those assets, is discussed with the manager and the views of the investment consultant are also considered. This is a key topic of discussion owing the the long date and illiqudity of the underlying assets, which are typically real assets with specific and idiosyncratic risk profiles.

17.2. Additional information.


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