![]() ![]() ![]() However, of course, the less pooled the asset is, the lower our influence and more restricted our knowledge will be on what is contained in that fund. Clients can utilise our statements, co-sign consultations or follow our lead where they agree. That could be in terms of climate data analytics and stewardship, we might respond to consultations, or lead investee company engagements. For that reason, we still support clients with off-pooled responsible investment guidance and analysis where required. Our primary focus is to liaise with our fund managers, but we also assist and advise clients wherever we can add value. That means our implementation strategy is focussed on pooled funds in the LCIV fund range. Our responsible investment policy for the most part applies to areas where we have the highest exposure and direct influence. I would call it more of a stepped approach. Does the responsible investment strategy only apply to the £14.6bn of pooled assets? What about the assets which are not yet pooled? Having set our target early means that no client should find the pool a hindrance, but rather a strong support that helps clients achieve or surpass their own targets. Similarly, our net-zero target is the most ambitious of any LGPS pool in the UK. The most robust approach to navigating this fact is to simply follow best practice responsible investment principles wherever possible, and to ensure that London CIV’s coverage is as comprehensive as possible.įor example, if one client is looking at human rights, while another is focusing on climate change, we should be able to provide insight, analysis and activity on both. With regards to ESG, there are some areas where our clients disagree. We meet with our clients’ frequently to understand their priorities in order to factor them into the over-arching RI&E policy. Does that mean you have 32 approaches to ESG? London CIV has more client funds than other local government pension scheme pool at 32. We then disclose annually against all policies and strategies to evaluate how we are performing in terms of delivering real-world outcomes. We engage with companies directly, through our engagement partner, EOS, and through fund managers. For example, we interview and meet with asset managers quarterly, while collaborating with other market participants to drive engagement. Then, as needed, we re-develop our own strategy documents, namely on climate and stewardship, the overarching responsible investment and engagement policy and the voting guidelines. We all do a bit of everything, working together through ongoing and cyclical processes, starting with research and review.Īt the beginning of each year, we perform ‘stock-takes’ to understand our clients’ priorities, determine what their policies stipulate, assess what our peers are doing and forecast any regulation that may be coming into force. Within my team there are two responsible investment managers, Alison Lee and Gustave Loriot, who specialise in stewardship and climate risk.Īlison leads our work on stewardship and engagement while Gus specialises in climate risk analytics. I develop and implement London CIV’s responsible investment strategy. You have been head of responsible investment at London CIV for two years. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |