ESG champion roles within the investment team have been established for each sector
The following additional responsibilities apply to this role, beyond the general integration of ESG consideration in credit risk assessment required by all members of the investment team:
- Review of ESG risks related to each investment proposed to the Investment Committee.
- Continuing education and awareness of the evolving ESG landscape and issues reflected in the individual’s annual training register.
- Ownership of the Principles of Responsible Investment (PRI) developments and responsibility for the annual PRI reporting submission process.
ESG formally incorporated into individual performance discussions, forming part of variable remuneration of all members of the investment team
It carries relatively higher weight in the performance assessment and variable remuneration of nominated ESG champions.
Strengthened guidelines on ESG considerations
Each portfolio manager focusing on individual Environmental, Social and Governance factors, resulting in enhanced integration of ESG factors within the investment process.