Environmental, social and governance risk management

Environmental, social and governance risk management

We use external investment managers to execute investment strategies on our behalf.

We employ a relatively small number of external managers. These managers have a detailed understanding of our investment strategy and seek the best investment opportunities around the globe to achieve the mandate for each of our funds.

Our investment manager selection process is designed to deliver a high quality initial selection decision, and to ensure that the portfolio construction does not lead to excessive concentration of manager risk in any one investment manager.We alsoundertake regular reviews of our managers.

A list of our investment managers as at 31 March 2019 below.