Public HTML RI reports - Service Providers Framework 2020

Cambridge Associates

Service Providers Framework 2020

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

Investment Consultancy [IC 01 - 04] Investment policy development [IC 06] Strategic asset allocation [IC 07 - 09] Investment research [IC 10 - 11] Manager selection and monitoring [IC 12 - 19]

Confidence building measures

Confidence building measures [CM1 02]

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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)

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]

The emphasis on the various considerations above will always be client specific, given our selection work is always tailored. It will also varying across asset classes.

While we will often review UN PRI reports, especially for ESG/RI specialist managers, it is not a core part of our process given the strong direct access we have to investment managers to evaluate ESG issues and our own detailed ESGF due diligence data collection.

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