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Christian Brothers Investment Services, Inc.

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

          Executive Vice President
          CBIS relationship managers

Other description (1)

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

Each key department has specified duties related to RI activities, in terms of implementation. Most departments are expected to have knowledge of our CRI activities and priorities, and we review those on a monthly basis with staff.

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

4.5 Number

07.4. Additional information. [Optional]

CBIS increased staff in the CRI Department to a total of 3.5 FTE during 2016. In January 2017, our company-wide ESG staffing went to 4.5 FTE, including 4 FTE in the CRI Dept. Our CRI Dept. now includes a FT Director and Assistant Director of CRI (both with over 15 years of experience in RI each), a FT Senior Analyst, and a FT Analyst (FT as of 1/17).

In addition, there is a C-Suite Executive who allocates approximately 30-40% of time contributing to policy development/discussions and overseeing and monitoring the activities of the department. This position also meets with investors and attends industry functions, extending the capability of the department. We also have an analyst that is frequently assigned CRI research and writing, and have our Fixed Income specialist assigned to assist the CRI department in its Corporate Bondholder Working Group activities.

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.

(1) All new Board members receive an orientation that includes significant time dedicated to CRI policies and their responsibilities.

(2) Corporate Directors and Fund Trustees are briefed on RI activities at each of their meetings.

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

Other C-level staff or head of department

          Executive Vice President

Investment analysts

Dedicated responsible investment staff

Other role (1) [from SG 07]
          CBIS relationship managers

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

Fund Trustees have as part of their eligibility criteria, a desire to find some Trustees who have experience in the CRI/SRI/ESG field. That insures the Trustee group has an individual(s) versed in this discipline on the Board.

In addition, the annual performance of our CRI staff is partly based on activities like improving their education on Catholic Social Teaching and innovative projects in ESG like new international collaborations and new engagement skills.