Question: Does the investor disclose in its modern slavery statement that it has a human rights investment policy covering any portfolios under management?
Answer:
No
12514566
Walk Free
2020
Unverified

The company reports a responsible investing policy however no human rights investment policy is stated.

pg. 5

"We understand that through investment decisions, financial institutions can have a significant impact on preventing human rights abuses. Organisations whose business practices directly or indirectly violate the human rights of individuals are deemed as unacceptable investments for our fund managers. Through our approach to responsible investment we have set minimum criteria and standards that all or fund managers must meet to work with us.

The way we select, monitor and change fund managers is a distinctive feature of our investment proposition and it has guided our business for many years. Our global research process helps us pick from the world’s leading fund managers and assess their investment approach. All external fund managers must treat responsible investing as seriously as we do, and adopt the high expectations we set. Before engaging a fund manager, they need to prove that they have an established code of conduct for responsible investing.

Responsible investing incorporates the consideration of a wide spectrum of Environmental, Social and Governance (ESG) issues and the effect that those factors can have on a company’s long-term prospects. Responsible investing is not only about taking environmental and social responsibility, integrating ESG also makes investment sense. We can help clients achieve financial well-being in a world worth living in by driving change through positive engagement and using money as a force for good. More details about our approach to responsible investing can be found here.

Specifically, all fund managers wishing to work with St James’s Place need to be signatories to the Principles for Responsible Investment (PRI), name an accountable individual to implement responsible investing into all investment decisions and submit their responsible investing policy to the St. James’s Place Investment Committee for review. Whilst this ensures our fund managers have a base level of process and annual reporting on their approach to responsible investment, the PRI does also have a specific focus on modern slavery and human trafficking through their collaborative working groups and support material for investors. SJP became signatories to the PRI in 2018 and have been awarded their highest rating of A+ for the past 3 years. 100% of our fund managers are signed up."

Singh Anjali.....2022-03-08 12:37:32 UTC