Enabling actions and improving performance
Staying ahead of the curve with detailed and frequent activity logging has three main benefits.
Firstly; as real time narrative information increases in importance for spotting early signals, this enables focused investors to apply, and act on, this information in a structured way.
Secondly; from a compliance perspective, company management can rapidly produce reports and metrics when asked to produce evidence on required actions and follow-ups.
Thirdly; it secures a wealth of documented and timely experiences that can be reused by any employee in the organization when needed and that can serve as key activities and progress towards implementing the ESG processes.
The standard setting of the ESG Monitor contains two types of logs:
- Watch logs
- Engagement logs
Adding a log is easy and straight forward. Both can be set to allow ESG researchers only, or all users, to contribute to the logs. The latter is recommended, at least for the engagement logs, primarily in order to save time required by the ESG researchers but also to induce more ESG awareness and interaction by all in the organization.
Watch logs are predefined profiles that should be used to track assets that either risk downgrading due to ESG controversy or other non-compliance OR that are assessed as potential outperformers due to extraordinary steps taken in the ESG fields.
A cause for opening a watch log can primarily be either of these two:
- Alert from, or article found within, the ESG monitor.
- Notification from any other source, including asset managers.
Open Watch Logs are compiled for monitoring on the ESG Management Summary dashboard and part of the suggested standards weekly report
Engagement logs are predefined profiles that should be used to track and report the organizations proactive work with ESG matters. It can include anything from attending a relevant presentation to having an in-depth discussion with the management of a company in the Investment universe.
Engagement Logs are compiled for monitoring on the ESG Management Summary dashboard and part of the suggested standards weekly report. Furthermore, any user can search for, or set an alert on, new engagement logs and thereby continuously find out about colleagues that have engaged in an ESG related matter and as such hopefully brought new insights to the team.