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3i Group plc

PRI reporting framework 2017

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities


Roles present in your organisation

          Business line heads
          The 3i Group Risk Committee

Other description (1)

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

The 3i Group Board has delegated responsibility for risk management (including the risk management aspects of responsible investment) to the Chief Executive, who established the 3i Group Risk Committee to assist him in managing this responsibility.

The 3i Group Risk Committee is chaired by the Chief Executive and comprises members of the Executive Committee, the Director, Group Compliance and the Director, Internal Audit. The Committee forms a view of the key risks facing the Group and advises the Group Board’s Audit & Compliance Committee of its assessment of those risks, any changes in the Group’s risk profile and the adequacy of risk mitigation steps put in place by management. The Committee receives reports from the Director, Strategic Implementation on ongoing CSR matters including: the Group’s Responsible Investment policy and approach and the management of ESG risks in the investment portfolio; environmental reporting; cyber security; business continuity and any new legal obligations in the CSR area such as ESOS and the Modern Slavery Act

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

1 Number

07.4. Additional information. [Optional]

SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.2. Describe any activities undertaken during the reporting year to develop and maintain Board members’ skills and knowledge in relation to responsible investment.

In the reporting year, members of the 3i Group plc Board of Directors attended selected Private Equity semi-annual Portfolio Company Review meetings, where ESG issues and initiatives as discussed as the first agenda item.

Chief Executive Officer (CEO), Chief Investment Officer (CIO),  Investment Committee

Other C-level staff or head of department

          Business line heads

Portfolio managers

Investment analysts

Dedicated responsible investment staff

Other role (1) [from SG 07]
          The 3i Group Risk Committee

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

Implementation of the 3i responsible investment policy is a standard objective for every 3i employee in an investment related role. Performance against all objectives is considered in the 3i annual appraisal process, which determines each individual's variable compensation.