NEST Corp., London, is searching for responsible ownership consultants and ESG data service providers, confirmed spokeswoman Heather Tilston.
The responsible ownership consultants will help NEST, the U.K. defined contribution plan set to go live this spring, develop policies and analyze companies using environmental, social and governance criteria.
The plan’s fund managers will initially vote the plan’s shares, which will be monitored internally. “At a certain size of scheme assets or after a certain period of time, NEST may take direct control of both detailed voting decisions and execution,” Ms. Tilston wrote in an e-mailed response to questions.
ESG analysis will be used in hiring fund managers that use ESG inputs as part of their investment processes.
Proposals for both types of providers are due March 7, with selections expected in late May. For more information, contact commercial and procurement manager Maureen Gore at [email protected]