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Columbia Management Investment Advisers, LLC

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

          Heads of Departments

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

With a global research platform in place, the responsibility for managing collaboration across our platforms rests with the Global Head of our equity and fixed income research teams. The firm also has a dedicated Director of Responsible Investment who reports directly to our Chief Investment Officer, with a dotted line reporting relationship to the Head of the Responsible Investment team at our affiliate, Threadneedle Investments, in the United Kingdom. The Director works closely with the respective research heads in each asset class to ensure continued implementation of the responsible investment approach.

The Director has responsibility for ESG research, integration, engagement, proxy voting and ESG reporting, works closely with a marketing specialist and analytics specialist in undertaking critical responsible investment integration activities. Such specialists have other responsibilities that may be unrelated to responsible investment activities.

Portfolio managers and fundamental analysts take lead responsibility for the assessment and monitoring of issuers, strategies, management and performance. Consideration of ESG risks may be one of many components in our investment decision-making processes. Our portfolio managers and analysts are encouraged to view ESG as an important factor in the sustainability and long-term value creation of portfolio companies and how ESG factors, in turn, affects investment returns. Where appropriate and consistent with our fiduciary duty, we seek to invest in well-governed companies that appropriately identify, manage and disclose their ESG risks as well as those companies whose progressive approach may present opportunities for long-term value creation through innovative use of their strengths and positioning.

The proxy administration team votes client proxies in close coordination with portfolio managers, research analysts and the Director.

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

1 Number

07.4. Additional information. [Optional]

Currently, we have one professional, the firm's Director of Responsible Investment, dedicated to responsible investment initiatives and who has a dotted line reporting relationship to the Head of Responsible Investment team at our affiliate, Threadneedle Asset Management. The Director works closely with that team to coordinate the firm’s responsible investment activities.  However, in addition, we utilize resources from our research, investment operations, legal, compliance, product development and marketing areas at Columbia Management to support ESG initiatives. The firm has created a cross-functional team from each of these departments who meet regularly to discuss ESG developments within the firm and the industry more broadly.

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