The Board conducts oversight of the Foundation's responsible investment activities through a dedicated Assets Aligned for Impact (AAI) Committee that meets several times a year and reports back to the full Board on progress achieved.
In addition to serving on the AAI Committee, the CEO oversees the work of the Director, Corporate & Political Accountability and works with the Director and the Vice President of Programs to set overarching RI objectives and strategies for the Foundation. The Director is responsible for encouraging the uptake of RI practices in the field and, more specifically, by the Foundation's OCIO, and implementation of our ESG engagement work.
During 2016, the Foundation released a new integrated framework with a Corporate & Political Accountability Program that incorporates both grant making and active ownership strategies to hold corporations accountable for efforts to either help or hinder progress on climate and inequality. The Vice President of Programs, the CEO and ultimately the Board approve grants associated with this program, including grants to fund the work of organizations like Ceres and the 50/50 Climate Project, both of which include shareholder engagement among the strategies they use to create change.