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.