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APG Asset Management

PRI reporting framework 2020

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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

Specific APG policies as specified in the Investment Management Agreement. These include adherence to the Inclusion Policy and reduction of Carbon Footprint. 

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

APG requires its external managers to monitor and report on compliance with our Exclusion Policy. In addition, external managers are required to complete an annual survey that includes questions on Responsible Investment (RI). Through this survey managers are asked to describe changes in and examples of their RI policy, initiatives and collaboration, governance of RI, integration of ESG issues and engagement activities

APG has developed and uses advanced ESG processes to be able to integrate ESG considerations in the investment selection and monitoring for alternative assets. APG pays attention to the underlying manager's ongoing compliance with its own RI framework and would also expect to be informed about any changes to an external manager's RI policies. Managers in Real Estate and Infrastructure are required to participate in the GRESB or GRESB Infra benchmarks.

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

          In the due diligence process of all third party external managers, APG asks managers to provide insight into their approach to RI.
        

SAM 06. Monitoring on active ownership (listed equity/fixed income)

06.1. When monitoring managers, indicate which of the following active ownership information your organisation typically reviews and evaluates from the investment manager in meetings/calls

Engagement

Report on engagements undertaken (summary with metrics, themes, issues, sectors or similar)

Report on engagement ESG impacts (outcomes, progress made against objectives and examples)

Information on any escalation strategy taken after initial unsuccessful dialogue

Alignment with any eventual engagement programme done internally

Information on the engagement activities’ impact on investment decisions

Other RI considerations relating to engagement in investment management agreements; specify

None of the above

LE

Report on engagements undertaken (summary with metrics, themes, issues, sectors or similar)
Report on engagement ESG impacts (outcomes, progress made against objectives and examples)
Information on any escalation strategy taken after initial unsuccessful dialogue
Alignment with any eventual engagement programme done internally
Information on the engagement activities’ impact on investment decisions
Other RI considerations relating to engagement in investment management agreements; specify
None of the above

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

Adhering to the APG Inclusion Policy, including conducting engagement under this policy and reporting back to APG on engagements undertaken, progress and status.


SAM 07. Percentage of (proxy) votes

07.2. For the listed equities for which you have given your external managers a mandate to engage on your behalf, indicate the approximate percentage (+/- 5%) of companies that were engaged with during the reporting year.

80 Number of companies engaged
1 Proportion (to the nearest 5%)

07.3. Additional information [OPTIONAL]

          The number above reflects engagements done by external managers on behalf of APG and not the full extent of APG’s engagement activities. The functionality for external managers to report on engagement activities to APG became available later in the year. Therefore, the number of companies indicated above might not fully reflect all the engagement activities by external managers on behalf of APG as some have not yet completed reporting to APG.
        

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