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Harvard University Endowment

PRI reporting framework 2018

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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

          Chief Compliance Officer
        

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

During the reporting period, the Chief Compliance Officer (CCO) helped the organization set ESG goals and objectives, develop ESG policies and procedures, and implement ESG integration plans across the portfolio.  The CCO also met regularly with Harvard University's CCSR to update the CCSR on ESG initiatives across the endowment.  Additionally, the CCO prepared and delivered a quarterly sustainable investing report to HMC's Board and Chief Executive Officer. The CCO also attended meetings of the ACSR as a non-voting participant during the 2017 proxy voting season.

The other members of the Sustainable Investing team support the CCO by tracking and gathering information, preparing reports, and liaising with internal portfolio managers and external investment managers.

Portfolio managers identify relevant ESG risk factors that may have a material impact on investments in their portfolios.  Portfolio managers are responsible for managing these risk factors and developing plans to monitor and mitigate these risks.  Portfolio managers within HMC are also responsible for working with external managers to identify relevant ESG risk factors that may have a material impact on investments managed by those third party managers.   

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

2 Number

07.4. Additional information. [Optional]

The responsible investment activities are integrated into the Legal/Compliance group at HMC.  Four members of that staff (the CCO, a Senior Vice President, an Assistant Vice President and an Analyst) dedicate time to responsible investment initiatives at HMC.


SG 07 CC. Climate-issues roles and responsibilities (Not Applicable)


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


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