During the reporting period, the CCO had direct supervisory responsibility for the Vice President of Sustainable Investing and worked with this individual to set ESG goals and objectives for the organization, develop ESG policies and procedures, and implement ESG integration plans across the portfolio. The CCO also met regularly with Harvard University's CCSR to update the CCSR on ESG initiatives across the endowment. Additionally, the CCO prepared and delivered a quarterly sustainable investing report to HMC's Board and Chief Executive Officer.
Portfolio managers identify relevant ESG risk factors that may have a material impact on investments in their portfolios. Portfolio managers are responsible for managing these risk factors and developing plans to monitor and mitigate these risks.