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Neuberger Berman Group LLC

PRI reporting framework 2017

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We take our responsibility as a PRI signatory quite seriously and are eager to report our progress for the fourth year in a row, so we can continue to make progress as a firm that values environmental, social and governance issues in the investment evaluation process. Our Emerging Markets Debt  Portfolio Managers were speakers in PRI’s Fixed Income Masterclass Series to assist others in the field with ESG integration with respect to Sovereign Bonds.

We have spoken at panels and shared ideas with our industry colleagues from: Morningstar, Sustainalytics, the Sustainability Accounting Standards Board, the Federal Energy Regulatory Commission and  McKinsey & Company on critical ESG topics and trends. SRI Team provided comments to the Securities and Exchange Commission’s (SEC) request for public comments on updating business and financial disclosure.  Over the past year, our portfolio managers exchanged insights on various ESG topics in collaborative settings by serving as presenters and panelists at: Morgan Stanley Symposium, UBS Young Successors Program, Morningstar Annual Investment Conference and Skytop Conference.  We also hosted the US SIF Conference in DC.

We are eager to work with and learn from our colleagues in the industry and PRI staff.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

NB became a signatory to the CDP in 2004. The SRI Team members are users of CDP data and often participate in CDP related events held in NY throughout the year. In 2016, the SRI Team contributed to a CDP case study report. In May 2015, SRI team member attended CDP's workshop 2015 at the NYSE. In Sept 2015, SRI Team co-Portfolio Manager, Ingrid Dyott, served on CDP webinar panel: Integrating CDP Water Data into Investor Decision Making. In June 2013, NB hosted an internal research meeting with the CDP's Director of Investor Initiatives for North America to discuss carbon disclosure and reduction initiatives. In April 2013, SRI Team co-Portfolio Manager, Ingrid Dyott, served on an investor panel at CDP's Spring Workshop in NYC. She discussed the importance of disclosure and how investors incorporate CDP data into the investment process. 200+ corporate sustainability professionals responsible for CDP reporting attended. In addition, NB research utility analyst worked with the CDP on utility sector related data disclosure enhancements. Finally, in 2012 NB became an Investor Signatory to the CDP Carbon Action, an initiative requesting companies to implement cost-effective greenhouse gas emissions reductions.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In January of 2013 NB became a signatory to the Forest Footprint Disclosure Project (FFD).  As a PRI signatory and a firm that has supported transparency and disclosure for years, we felt it was important to encourage greater transparency from companies whose businesses have a high degree of exposure to the five agricultural commodities that are tied the most to deforestation.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2010, Neuberger Berman became a signatory to the CDP Water Disclosure Project. As a firm that has supported transparency and disclosure for years, we felt it was important to encourage greater transparency and standardized disclosure of water data from companies that operate in water intensive industries or are exposed to water-related risks in their supply chains.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2004, NB became an Affiliate Member of ICCR. Members of the SRI Team participate in the ICCR conferences held in NYC as well as relevant meetings. The SRI Team also supports ICCR investor initiatives on a case by case basis. For example, in May 2013, SRI Team signed onto the organization's Investor Statement on Bangladesh urging the garment industry to ensure workplace safety. In October 2014, Neuberger Berman sponsored ICCR's event; Weathering the Storm: Inspiring innovation through investments that meet the climate challenge.  In February and September 2016, SRI Team member participated in the week long ICCR conferences held at the Interfaith Center for Corporate Responsibility in New York. (selected sessions).

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The SRI Team, on occasion, attends Ceres conferences and investor conference calls. The team also participates in INCR/Ceres webinars made available to non-members.

 

          US SIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Neuberger Berman has been an active member of US SIF since 1989.  NB sponsored the 2016 US SIF conference in DC.  The firm has also been a sponsor of the biennial SIF Trends Survey publication since 2002 and has sponsored all US SIF conferences annually. Ingrid Dyott, Co-portfolio Manager of SRI Team, served on the Board of Directors in the capacity as treasurer for 6 years, 2006-2012 The NB SRI Team also participates in The Sustainable Investment Research Analyst Network (SIRAN) events and members of the team have provided information for the recently created SIF Advisor Training module on SRI/ESG investing.

          Sustainability Accounting Standards Board
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In October of 2014 we brought in the Director of Stakeholder Engagement at SASB to further educate or research teams and PM's about SASB's mission to increase the usefulness of ESG information available to investors, and improve corporate performance on ESG issues most likely to impact value.  We felt that support and understanding of SASB was aligned quite well with PRI and our commitment to the principles.  After the meeting we signed on to lend our expertise to two sector working groups focusing on the creation of appropriate SASB standards.  One of our analysts joined the retail working group - that convened in late 2014.  Another analyst joined the utilities working group in 2015 and in 2016 we engagged with SASB on various topics.


SG 10. Promoting RI independently (Not Completed)


SG 11. Dialogue with public policy makers or standard setters (Private)


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