Public HTML RI reports - Service Providers Framework 2019

Segal Marco Advisors

Service Providers Framework 2019

Basic Information [OO 01] Reporting Year [OO 02] Signatory category and services [OO 03 - 05]

Active ownership services [AOS 01 - 03] Engagement [AOS 04 - 10] Voting [AOS 11 - 16] Communication and sharing ESG information [AOS 17]

Investment Consultancy

Investment Consultancy [IC 01 - 04] Investment policy development [IC 06] Strategic asset allocation [IC 07 - 09] Investment research [IC 10 - 11] SELECTION [IC 13]

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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

Yes, we systematically do

Yes, we occasionally do

No, we do not. Plans exist to start incorporating ESG into our manager selection services in the next reporting year

No, we do not

Manager monitoring service

Yes, we systematically do

Yes, we occasionally do

No, we do not. Plans exist to start incorporating ESG into our manager monitoring services in the next reporting year

No, we do not

12.3. Additional information. [OPTIONAL]

SELECTION

IC 13. Manager selection activities

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

Research and screening

Conducting ESG due diligence

Developing guidelines and/or RI priorities for the selection process

Conducting internal database screening that includes ESG factors

Conducting external database screening that includes ESG factors

Qualitative research that includes ESG factors

Conducting ESG risk analysis

Other (1), specify

None of the above

Strategy

Assessing the time horizon of the manager’s offering vs. your client’s requirements

Assessing the quality of the manager’s investment policy and its reference to ESG

Assessing the investment approach of the manager and how ESG factors are incorporated

Reviewing active ownership capabilities and track record of potential shortlisted managers

Other, specify (1)

None of the above

ESG people/oversight

Assessing the ESG expertise of investment teams

Reviewing the oversight and responsibilities of ESG implementation

Other, specify (1)

          We do assess ESG expertise and oversight in specific circumstances.

None of the above

Process/portfolio construction

Reviewing how ESG materiality is evaluated by managers

Reviewing the manager’s use of ESG information in the investment decision-making process

Review the impact of ESG analysis on investment decisions by the manager

Review the manager’s ESG risk framework

Other, specify (1)

None of the above

Selection process and reviewing documentation

Reviewing ESG/RI responses to request for proposals

Reviewing PRI Transparency Reports of the potential manager

Request and discuss PRI Assessment Reports of the potential manager

Reviewing potential manager’s assurance process on ESG/RI data and processes

Meetings/calls with potential shortlisted investment managers covering ESG/RI themes

Site visits to potential managers’ offices

Other, specify (1)

None of the above

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

ESG score

ESG weight

Real economy targets

Other RI considerations

None of the above

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.

          Asset owner considerations are crucial to the process of manager selection and each search is fully customized to client needs.  This is done through a combination of discussions and modeling.

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

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

ESG score

ESG weight

Real economy targets

Other RI considerations

None of the above

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

ESG objectives linked to investment strategy

Investment restrictions and any controversial investment decisions

ESG incorporation objectives

ESG portfolio characteristics

How ESG materiality has been evaluated by the manager in the monitored period

Information on any ESG incidents

Metrics on the real economy influence of the investments

PRI Transparency Reports

PRI Assessment Reports

Other general RI considerations in investment management agreements, specify

None of the above

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

          We are in regular contact with asset managers.

16.3. Additional information. [OPTIONAL]

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.

Yes, we systematically do

Yes, we occasionally do

No, we do not

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

          We provide quarterly reports to asset owners on these activities and keep them aware continuously regarding changes that might affect their asset managers.

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.

          This is regularly monitored in our quarterly client reports as well as the self assessment process described previously.

18.2. Additional information. [OPTIONAL]

IC 19. ESG in manager selection, appointment and monitoring (Private)

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