Growing numbers of institutional investors expect fund managers to develop and disclose their approaches to responsible investments (RI), said the Standards Board for Alternative Investments (SBAI) in its recently released Responsible Investment Policy Framework (Framework). The purpose of the Framework is to offer “a non-prescriptive framework for alternative investment managers to develop an approach to RI and to document this approach in an RI policy,” according to SBAI. This second article in a two-part series covers governance, disclosure and measurement, as well as three key considerations for fund managers. The first article explained how to use the Framework, identified five general approaches to RI and discussed four approaches to incorporating RI principles into investment strategies, with additional insight from Maria Long, SBAI content/research director. For more from SBAI, see our two-part series on avoiding parallel fund conflicts: “New SBAI Standards and Case Study Provide Guidance for Mitigating Conflicts” (Jun. 11, 2020); and “Common Challenges for Hedge Fund and Credit Strategies” (Jun. 18, 2020).