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The Scott Trust Limited (Guardian Media Group)

PRI reporting framework 2018

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the roles present in your organisation and for each, indicate whether they have oversight and/or implementation responsibilities for responsible investment.

Roles present in your organisation

          CFO
        

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

The Board and Investment Committee oversee responsible investment activity and progress, which is implemented by the Head of Investments and investment staff.

We also utilise an investment advisor, who has dedicated resources with expertise on responsible investment, to assist the Head of Investments and investment staff on implementation. We work with our advisor closely on responsible investment factors in the selection and monitoring of external managers and ongoing engagement with them on these factors. Our advisor draws on both internal resources for this analysis (ESG integration in the manager research process) and the use of third party ESG analytics for further implementation work (e.g. analysis of holdings such as carbon footprinting).

The Scott Trust (a shareholder of GMG) also oversees responsible investment activity.

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

0 Number

07.4. Additional information. [Optional]

The investment team focus on responsible investment in addition to broader responsibilities since it is fully integrated in the investment process. Additional resources in the wider group are dedicated to sustainability reporting, broad promotion of responsible investment, and engagement.


SG 07 CC. Climate-issues roles and responsibilities

07.1 CC. Indicate the roles in your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for climate-related issues.

Roles present in your organisation

          Head of Investments
        

07.1a CC. For the board level roles or for which you have climate-related issues oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

The organization has made the key decision to implement a fossil fuel divestment policy, reducing exposure to fossil fuels and to adding exposure to low carbon solutions in the portfolio.

This policy is critical executed through the endowment’s entire manager selection and monitoring process, overseen by the board, and investment committee.

07.1b CC. For the management-level roles which assess and manage climate-related issues, provide further information on the structure and process involved.

To implement the above divest-invest policy driving alignment on climate-related issues, external managers are selected and monitored with this as a critical parameter. The Head of Investments plays a key role here, considering climate alignment alongside the financial objectives of the endowment. External consultants assist management in selection and monitoring of managers, providing manager searches meeting climate-related criteria, assisting in our efforts to encourage and seed new climate-aware products and behaviours in the investment industry, and monitoring climate related exposures on an ongoing basis (e.g. risk such as emission and fossil fuel reserves).


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


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