Tiedemann employes several different approaches to monitoring depending on where we are in the investment process:
Pre-Investment Resources: Before investing in a theme or manager within private markets, our analysts rely on evidence-based research and expert interviews. For example, when building our Education strategy, we relied on interviews with educators, school administrators, and philanthropic funders. We also pulled from public databases of evidence-based research to inform manager diligence.
Post-Investment Resources (Public Securities): Once invested, we rely on third-party data providers for metrics that are relevant to fixed income and public equity managers. Over the years, we have trialed all leading resources (MSCI, Sustainalytics, Oekom, RobecoSam, RepRisk, TruValue, etc.) and now rely on MSCI, Sustainalytics and the Carbon Disclosure Project (CDP) for particular data points including carbon intensity, environmental fines, exposure to controversial industries, etc. In addition, we work directly with our investment managers to collect data on the results of their shareholder activism.
Post-Investment Resources (Private Securities): When ESG or impact data is not publicly available, we rely on information generated by underlying companies. We spend significant time with managers upfront to clarify the type of metrics they will need to collect from portfolio companies on an ongoing basis.