C M Claire Curtin Y CM MY CY
“ESG is still quite conceptual.” Claire Curtin, Pension Protection Fund
Werf: We spend a lot of time sharing information about ESG integration and the results of active owner- ship with our clients. The more we can tailor that, the better. We explain what ESG integration is, what it looks like and how it works. Although we have been doing this since the ‘90s, the topic has become more popular these days with almost every asset manager making claims, so we need to keep improving every day as well. Ramscar: The problem is the lack of a common framework and ability to compare asset managers. In time this will be addressed, but it is up to asset managers to show leadership. Even if it is not perfect, start putting information out there that people can use to assess managers. Mason: The language of the journey is helpful for asset owners and asset managers. This is a process, it is not something that is complete, it is a journey for all of us. We are constantly revisiting our approach in line with market developments, stakeholder expectations and new things arising like impact investing. We look for concrete developments at managers, and that reflects the journey that we are on of under- standing how ESG impacts investment. It varies from strategy-to-strategy, but one thing we do know is that sustainability is becoming ever more material. Czupryna: For quite some time, we explained to trustees our investment process and how we integrate material ESG factors into our investment decisions. Today, our clients expect much more than that. They want to see investment results, not only the financial, but the non-financial results too. We have spent a lot of time developing new impact measurements that we can provide to our investors. Historically, you would provide a carbon footprint and a water footprint, but sometimes people struggle to understand the materiality of 220 tonnes of carbon.
CMY K
10 November 2019 portfolio institutional roundtable: Responsible investing
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