Since July 2008, Celeste Funds Management has formally adopted Environmental, Social, and Governance (ESG) considerations into its Investment Process. While governance had already been incorporated into our investment process for many years, the climate change debate highlighted the need for us to also formally incorporate environmental and social considerations, as not doing so potentially puts client funds at risk.
Celeste Funds Management’s approach to Responsible Investment has been distilled into our “Responsible Investment Policy”.
By the end of 2008, the practical implementation of this policy was documented in our “Responsible Investment Framework Document” document. This document clearly defines our approach to a number of issues, ranging from assignment of materiality of ESG issues and scoring management performance against clearly defined criteria, to spelling out our approach to proxy voting and documentation of our ESG related activities in the “Engagement and Proxy Voting Register”.
An integral part of our ESG effort is participation and support of a number of organisations that aim to increase acceptance of ESG issues into mainstream investment management. To this end, Celeste Funds Management is a signatory to the “United Nations – Principles for Responsible Investment” (UN-PRI).
We aim for our analysts to be fully conversant with all relevant issues relating to stocks and sectors that they cover – including ESG considerations. Hence all ESG research is undertaken by our analysts and is subject to our peer review process.
An investor initiative in partnership with UNEP FI and the UN Global Compact