Society is undergoing significant political, technological and environmental changes which, in turn, give rise to challenges for different industries, including alternative assets. Investors are increasingly interested in investing in sustainable companies that generate a positive social and environmental impact. Altamar has responded to these new trends, reinforcing its commitment to customers through increased transparency and dissemination of its SRI practices.
Although ESG criteria cross-cuts all Altamar activities and departments, its strategy focuses on incorporation these criteria into investment processes, given that asset management is its core activity, the one that can bring more significant impact.
Commitment with investors
Altamar attaches great importance to engagement with the managers of the underlying funds in which it invests (General Partners – GPs). In this way, it acquires a working knowledge of their ESG policy and commitment and monitors progress and development.
To strengthen this dialogue, Altamar regularly requests information on SRI policies to the GPs through the ESG Due Diligence Checklist. This questionnaire, which was developed by the SRI team, consists of 13 questions divided into the following content areas: commitment or engagement with ESG and SRI, measuring and monitoring of ESG (through KPI’s, etc.) and integration of ESG criteria into the investment process.
As for measuring our GPs’ commitment, an internal Scoring model has been created based on weighted checklist questions to classify each GP under one of four categories: Outstanding, Good, Compliant, and Weak.