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 disclosure of its SRI practices.
Although ESG criteria is present across all Altamar activities and departments, its strategy focuses on the incorporation of these criteria into the investment processes, given that asset management is its core activity, and the one that can generate a more significant impact.
Commitment with investors
For Altamar, the active engagement with the managers of the underlying funds in which it invests (General Partners – GPs) is crucial. 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, measurement and monitoring of ESG (through KPI’s, etc.) and integration of ESG criteria into the investment process.
Regarding the measurement of our GPs’ commitment, an internal Scoring model has been developed based on the weighting of each question in the checklist. This enables the classification of each GP under one of four categories: Outstanding, Good, Compliant, and Weak.