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Conser Invest

Service Providers Framework 2019

You are in Investment Consultancy » Manager selection and monitoring

Manager selection and monitoring

IC 12. ESG in manager selection, appointment and monitoring

12.1. Indicate whether you incorporate ESG factors into your manager selection and monitoring services.

Manager selection service

Manager monitoring service

12.3. Additional information. [OPTIONAL]

Advice on Fund Selection

Our proprietary fund database covers an extensive range of ESG and impact investment solutions across all asset classes. A large set of qualitative and quantitative factors are considered by Conser to enable identification of the best opportunities for each investor.

Each fund is categorized by its sustainability objectives and ESG Consensus® rating. Conser fund analysts will then assess the investment process, the quality of the management team and the sustainability track-record in order to create a qualitative rating.

Our team of analysts is proactive in identifying and assessing new investment solutions coming to the market globally providing investors with an up-to-date view on sustainable investment opportunities.


SELECTION

IC 13. Manager selection activities

13.1. Indicate what activities you undertake during the process of selecting a manager.

Research and screening

Strategy

ESG people/oversight

Process/portfolio construction

Selection process and reviewing documentation

13.2. Indicate whether you use any of the following scores or targets in your manager selection process.

13.3. Additional information. [OPTIONAL]


IC 14. Incorporating asset owners’ investment principles in selection of manager

14.1. Describe how you incorporate asset owners' investment principles into the manager selection process.

          Through our proprietary tool "value mapping", we establish investment guidelines which define the client’s sensitivity and clarify his priorities in terms of financial returns and sustainability impacts. Results of the questionnaire can be used to communicate with investment managers and other stakeholders. Our "value mapping" questionnaire is fulfilled directly with key representative of the clients' institutions.
        

14.2. Additional information. [OPTIONAL]


IC 15. ESG in selection due diligence

15.1. Briefly describe how you include ESG factors in your due diligence process for manager selection.

          Yes, we systematically do and describe the process in our proprietary fund database
        

15.2. Additional information. [OPTIONAL]


IC 16. Monitoring investment managers on ESG

16.1. Indicate whether you set any of the following to measure compliance/progress, or use the following information to review and evaluate the investment manager.

Setting measures for the investment manager as part of the monitoring process

Reviewing and evaluating information from the investment manager as part of the monitoring process

16.2. Describe how you raise and manage concerns when monitoring investment managers on ESG factors.

          We have a two step process : 1) evaluation of ESG methodology /process 2) ESG screening of funds holdings
        

16.3. Additional information. [OPTIONAL]

As our evaluation process is based on two steps

1) a qualitative analysis to evaluate the investment process. This analysis  is based on: publicly-available responsible investment reports including engagement and voting reports, Eurosif Transparency guidelines, as well as one to one meetings, etc.; 

2) a quantitative assessment to check the ESG quality of the portfolio underlyings. We use our internal expertise & know-how for the first analysis and we gather multiple ESG external sources & investors’ opinions for the quantitative assessment. The holdings are assessed through our ESG consensus® tool which provides information on the overall ESG quality of the portfolio, potential exposure to major controversies and positive impact measurement.


IC 17. Reporting back to asset owners

17.1. Indicate whether you report back to asset owners on your manager selection and/or monitoring activities.

17.2. If yes, describe how you report back and the frequency.

          We offer a Sustainability Portfolio Check. It is a tool for monitoring the ESG risks of investments. A one-page document visually describes the critical sustainability issues of a portfolio. All holdings are screened based on their ESG Consensus® and their exposure to serious controversies and ESG impacts. The final grade summarises the weighted-average quality of the portfolio and its relative positioning. Furthermore, the report shows at a glance whether investments are exposed to, for example, “human rights violation,” “environmental damage,” or other sensitive activities.
Most of our clients performs our Sustainability check on their holdings once a year.
        

17.4. Additional information. [OPTIONAL]


IC 18. Demonstrating value on manager selection, appointment and monitoring

18.1. Describe how you measure, track or otherwise demonstrate your value on manager selection and monitoring services.

          Through our selection process we demonstatre our ability to select performing and impactful funds. We have a systematic approach. We reclassify every fund with extra-financial criteria based on their sustainable investment objective. All funds received a qualitative rating assessing the robustness of the process and the strength of the management team. A quantitative screen is performed on a regular basis, assessing the risk adjusted performance of each fund. We built a watch list of ca 200 funds in all asset classes and meet with the management of investment team at least once a year. Invested funds are monitored continuously and portfolio holdings reviewed on a quarterly basis.
Our process continuously integrates new product and arbitrates with existing funds.
        

18.2. Additional information. [OPTIONAL]


IC 19. ESG in manager selection, appointment and monitoring

19.1. Provide examples of cases where ESG was incorporated into your services.

Service line

Case example

We have recently processed an ESG audit for a Swiss Foundation – the endowment was managed by four external managers. We have screened the four portfolios with our methodology and provided the Foundation with a full report showing by asset classes the relative positioning of each manager and we have commented in detail each manager ESG results.

The report has been distributed and presented to the member of the Foundation Council as well to the four managers.

For them it was the first time they had such a deep analysis. The debate has been intense and constructive. All managers have accepted the conclusions and confirmed the willingness to improve the weak points highlighted in the ESG report.

19.2. Additional information. [OPTIONAL]


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