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Christian Super

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
          Overriding a manager's vote on a controversial shareholder resolution
        
Conducted by
Asset class
Scope and process

While Christian Super expects fund managers to vote at company meetings, it reserves the right to override fund manager votes. This occurred during the reporting year in regards to a shareholder resolution pertaining to an ESG matter.

Outcomes

Christian Super decided to vote differently to the fund managers' originally cast vote. This was not due to the fund manager failing to take into consideration ESG within the voting decision, but rather it was felt that the vote originally cast would've sent a different signal to the company than what we were hoping to achieve.

Topic or issue
          ESG Due Diligence on listed equity manager
        
Conducted by
Asset class
Scope and process

In conducting due diligence on a potential fund manager, their process of incorporating ESG elements into financial analysis was reviewed and compared against Christian Super's own processes.

Outcomes

This review found significant alignment to Christian Super's approach to ESG, and we were satisfied with the depth and rigour of their ESG incorporation in their analysis.

09.2. Additional information.


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