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Sitra

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 - SSA

When making new investments and selecting funds we analyse the fund management company´s responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

Fixed income - Corporate (financial)

When making new investments and selecting funds we analyse the fund management company´s responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

Private equity

When making fund investments and selecting funds we analyse the fund management company's responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

Property

When making new fund investments and selecting funds we analyse the fund management company's responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We evaluate also how energy consumption is monitored and if energy effiency is improved. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

Infrastructure

When making new investments and selecting funds we analyse the fund management company´s responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

Forestry

We ask and discuss with the fund manager about their ESG strategy and how do they integrate it into investment decisions. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. The activities of asset managers are regularly evaluated in discussions with them.

Inclusive finance

We ask and discuss with the fund manager about their ESG strategy and how do they integrate it into investment decisions. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. The activities of asset managers are regularly evaluated in discussions with them.

Money market instruments

When making new investments and selecting funds we analyse the fund management company´s responsible investment prosesses. It is a prerequisite for an potential investment that the fund manager has a responsible investment policy that is aligned with ours. We also encourage fund manager to sign UN Principles for Responsible Investment. The activities of asset managers are regularly evaluated in discussions with them.

17.2. Additional information.

Sitra´s responsible investment policy covers all asset classes. The minimum requirement for fund investments is that the asset manager has signed the PRI or has a responsible investment policy. Sitra primarily selects funds and fund managers who are both successful and accountable partners.

Fund managers are required to take the Principles for Responsible Investment into account in their investment strategies, processes and, ultimately, their investment decisions and their practices concerning engagement and active ownership. We require our asset managers to actively monitor companies’ ESG issues as part of their investment activities. Similarly, we require our asset managers to consider the ESG issues of bond issuers and governments, meaning that the integration of ESG must cover Sitra’s entire investment universe

Investments may be excluded on the basis of their industry, possible breaches of international standards and the fund domiciles. We screen fund portfolios annually for industries and for international breaches of standards.

The activities of asset managers are regularly evaluated in discussions with them. Responsible investing procedures are monitored annually via asset manager meetings or by asset manager questionnaires. The purpose of monitoring is to obtain information on best practices and areas for improvement.

 

 

 

 

 

 

 


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