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ESG Screening of Fund Managers

ESG Screening of Fund Managers. Date: 10 th September 2013 Presented by: Kelly Christodoulou ESG Manager, Investments. Important information.

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ESG Screening of Fund Managers

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  1. ESG Screening of Fund Managers Date: 10th September 2013 Presented by: Kelly Christodoulou ESG Manager, Investments

  2. Important information This material is of a general nature and does not take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, consider your financial requirements and read our Product Disclosure Statements, available at www.australiansuper.com/adviserresources or by calling the Adviser Services team on 1300 362 453. Industry Super Fund logo used with permission of Industry Fund Services (IFS). Investment returns are not guaranteed as all investments carry some risk. Past performance gives no indication of future returns. AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788Trustee of AustralianSuper ABN 65 714 394 898

  3. What am I going to talk about? • About AustralianSuper • Investments & Active Investor Strategy • Manager Selection Process • Topics in RFP • ESG in RFP

  4. About AustralianSuper Funds under management Members Employers 2.1 Million $65 Billion 190,000 Purpose: To help members achieve their best possible retirement outcome.

  5. AustralianSuper - Investments

  6. Manager Selection Process Generate long list – A manager brief Short list – Undertake initial analysis - score and rank long-listed managers Evaluate & Rank – Send RFP – Proprietary manager-selection scorecard: (i) How do they make money? (ii) Can we trust them? (iii) Is it the right time to invest with them? Approve – Hire Monitor – Review the manager rating scorecard

  7. Topics in RFP

  8. ESG Questions • Environmental, Social and Governance (ESG) Integration • Do you integrate environmental, social and governance (ESG) issues into your investment process? (Yes/No) • If Yes – Explain how you integrate it into your process and valuations of companies.  Please also submit a copy of your ESG investment policies you have and explain how you adhere to your policies • If No - please outline why not? • What is your Mercer ESG score?  Please provide any relevant comments. • Proxy Voting • Please submit a copy of your Proxy Voting Policy.  • How is your proxy voting implemented?  Do you use a proxy voting service? • Over the last 12 months, how often have you voted “Against” or “Abstain” on Company/Management resolutions?  How did you communicate this to the company?

  9. ESG Questions • Engagement • Do you engage on ESG issues with your portfolio companies?  • Over the last 12 months, please outline any major ESG issues you have engaged a company on and any outcomes? • How do you monitor and measure your engagement activities? • Research • Do you conduct any in-house ESG research? • What ESG research and/or database do you subscribe to?  • Do you pay dedicated brokerage commission for ESG research? Is ESG a factor in selecting your Broker panel?  If so, what percentage (%) does it comprise of your panel/vote? • How much brokerage commission have you paid for ESG research in last 12 months? • Investor Groups • Which investor groups are you a member of and outline where you are active in the group. • Are you a UNPRI signatory? (Yes/No) • If Yes – please submit your last UNPRI report • If No – please outline why not.

  10. Thank youkchristodoulou@australiansuper.com

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