Dalriada appoints Minerva to examine ESG compliance
Dalriada Trustees has appointed Minerva Analytics to assess its external asset managers’ ESG, voting and stewardship.
Minerva will work with Dalriada to confirm the implementation standards for its scheme clients is fully compliant with legislation.
Dalriada said it will then be able to affectively assess whether investment managers are "acting in line" with the agreed voting and engagement policy. It will then mean Dalriada is able to adapt schemes' policies or enhance its engagement with investment managers on ESG topics.
Director David Fogarty added: "Integrating ESG factors into investment decisions will lead to better outcomes for pension schemes and their members. This is why Dalriada became a signatory to the Principles for Responsible Investment and why we are committed to understanding what investment managers are doing with pension scheme members' money and to influence their actions."
Minerva founder and chief executive Sarah Wilson continued: "For many pension schemes approaching ESG and stewardship for the first time, the range of issues can be potentially overwhelming. Our mission is to help trustees cut through the complexity to provide clear, objective and independent analysis of good practice in their funds.
"Better insight makes for better stewardship - and that's a win-win for savers."
Fogarty concluded: "We look forward to ensuring that right across our client base our trustee responsibilities relating to ISs are carried out fully and that we use the analysis to drive better engagement going forward rather than just seeing this as a reporting exercise."
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