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Wells Fargo Asset Management

PRI reporting framework 2018

Export Public Responses

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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

          Head of ESG

Other description (1)

          Portfolio Risk Management and Analytics

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

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

8 Number

07.4. Additional information. [Optional]

ESG investing has been identified by WellsCap senior leadership as one of our firm’s key strategic initiatives. In 2017, significant progress was made with the formation of a dedicated WellsCap ESG team to build out our holistic ESG capabilities. Fredrik Axsater joined our firm from SSGA where he also led the ESG and DC team for many years. Jessica Mann was hired to focus on building out our ESG business, having spent 14 years with WellsCap as the head of institutional marketing. The team has a dedicated research and product development team led by Nelli Oster, PhD. and comprised of quantitative analysts from Blackrock and Wellington. There are also three investment strategists supporting our ESG efforts with backgrounds from the PRI, BlackRock, and State Street.

The WellsCap ESG team is working with other ESG partners across the Wells Fargo enterprise to deliver a holistic, solutions-oriented approach for institutional plan sponsors and intermediaries across a wide range of asset classes and ESG approaches. This holistic approach is focused on delivering on stakeholder management and communication, stewardship, advising on investment policy and mandate guidelines, generating proprietary ESG research and new product development, and thought leadership.

SG 07 CC. Climate-issues roles and responsibilities (Private)

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