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Nathan Cummings Foundation

PRI reporting framework 2017

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1.

Roles present in your organisation

          Vice President, Finance
        
          Director, Corporate & Political Accountability
        

Other description (1)

Other description (2)

          Vice President of Programs
        

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

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.  

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

.5 Number

07.4. Additional information. [Optional]

With respect to the CEO/CIO/Investment Committee above, only the CEO has oversight/accountability for responsible investment.  The CIO and Investment Committee do not, although both are involved in efforts to enhance consideration of ESG issues by our underlying managers.

The Foundation has a number of staff with some portion of their time dedicated to responsible investment. The Director, Corporate & Political Accountability dedicates roughly 50% of her time to responsible investment. The VP, Finance also dedicates time to the Foundation's impact investing activities as does the Finance Administrative Assistant. The Foundation also has a program associate who dedicates some portion of her time to responsible investment. 


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


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