How RI goals are set/measured
Formed in Q3 2014, Sparinvest’s Responsible Investment Committee meets 6 times per year. The focus of this Committee is to:
Continuously monitor and review RI Policy and processes and look for any improvements that can be made;
Formally establish the RI goals that will ensure that the relevant RI strategy is adopted and understood throughout the organisation.
Formal RI goals are set at the beginning of the year. However, the objective of improving RI processes is ongoing and regularly discussed at RI Committee meetings. Action points are set and followed up in subsequent meetings.
The Committee is chaired by the Head of Responsible Investment and includes representatives from both the Equities and Fixed Income investment teams as well as members of Sparinvest’s Investment Committee. The meetings are also attended in a non-voting capacity by other interested parties, including two ESG assistants and an analyst. As and when industry developments require it, external RI experts may be invited to Committee meetings to help inform RI policy decisions.
The Head of RI reports to Sparinvest’s Investment Committee on RI matters and is asked to give a formal progress report twice per year. Once per year the Head of RI will appear before the Board of Sparinvest to give an update on Group progress towards achieving RI goals.