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MN

PRI reporting framework 2019

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          Strategy director
        

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

The Management Board (CIO) is responsible for the RI KPIs and goals included in the objectives of MN. The dedicated RI staff and manager are also responsible for investment KPIs and goals. RI objectives are included in their appraisal process. Our CIO also heads the RI steering committee where cross-section RI-policy is decided.

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

8 Number

07.4. Additional information. [Optional]

I confirm I have read and understood the Accountability tab for SG 07 I confirm I have read and understood the Accountability tab for SG 07

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or head of department

Portfolio managers

Investment analysts

Dedicated responsible investment staff

External managers or service providers

07.6 CC. For board level roles for which have climate-related issues oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

The final responsibility for the overall investment policy, including the management of climate-related financial risks lies with the Board of MN. The management of climate-related financial risks are regularly discussed by the Board. 

The fiduciary responsibility lies with the Chief Investment Officer. MN is a signatory of the principles of ‘Fiduciary Duty in the 21st Century’. MN regards the integration of climate-related financial risks as an integral part of its fiduciary duty.

MN’s CIO, who is also a member of MN’s executive committee, chairs a steering group that coordinates the integration of climate-related financial risk management throughout MN’s asset management activities. The steering group discusses and decides on climate-related financial risk policies and implementation strategies. 

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

Management of both investment and strategy teams are represented in the steering group mentioned in question SG 07.1a CC. They enable their teams to come up with solutions and, in due course, implement policy regarding the management of climate-related financial risks.

07.8 CC. Explain how the organisation engages external investment managers on the TCFD recommendations and its implementation.


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


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