Dalriada Trustees – one of the UK’s largest independent trustee firms – has appointed with Minerva Analystics to asses asset managers’ ESG and stewardship records.
As part of this partnership Minerva will ensure that the Implementation Statement (IS) for pension scheme comply fully with the new pensions legislation on this issue.
This support allows Dalriada to assess whether investment managers are acting in line with the agreed voting and engagement policy.
Minerva Analytics has considerable experience in the field of proxy voting, ESG and climate change factor analysis and ‘sustainable stewardship’.
Minerva founder and CEO Sarah Wilson says: “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.”
Dalriada Trustees director David Fogarty adds: “Dalriada believes that integrating environmental, social and governance 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 (PRI) and why we are committed to understanding what investment managers are doing with pension scheme members’ money and to influence their actions. We look forward to working with Minerva and ensuring that right across our client base our trustee responsibilities relating to implementation statements 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.”