Читать книгу ESG Investing For Dummies - Brendan Bradley - Страница 55

Recognize the responsible investment practices that leverage your organization’s investment process and philosophy, and consider how your policy will relate to both internally and externally managed assets. Moreover, analyze jurisdictional specificities and legal aspects that could affect the guidelines.

There should be minimum ESG standards that your organization expects investee companies to follow. These standards may initially constitute a high-level statement on ESG goals but should ultimately include specific details on how companies need to manage particular issues and adhere to established standards. Differing guidelines and procedures may vary across different asset classes, including listed equities, bonds, private equity, real estate, hedge funds, and commodities. Specific guidelines could be devised for the asset classes that you regularly invest in, while the policy could be more generally applied to emerging asset classes. External investment managers should be expected to have their own ESG policy in place or agree to adopt the asset owner’s policy. Ultimately, guidelines on manager selection and monitoring could include ESG expectations in the Request For Proposal (RFP) and requirements on reporting of ESG issues.