RI oversight or responsibilities are accounted for in remuneration metrics (such as RI fund performance or KPIs).
RI has been confirmed as one of three strategic pillars within the Pendal strategy.
Roles and responsibilities for RI oversight, accountability and execution of our RI strategy are outlined in the Pendal Australia RI Governance Structure, approved by Pendal Australia CEO in 2018 and publicly available in our annual reporting. (https://www.pendalgroup.com/wp-content/uploads/2018/11/2018-Corporate-Sustainability-Report-.pdf). This governance structure sets out the board’s role in overseeing implementation of Pendal’s RI strategy, including the incorporation of ESG (climate change) considerations within the investment decision making process as well as responsibilities for all other roles involved in the oversight and execution of our responsible investment strategy. This covers philosophy and approach, engagement, proxy voting as well as specific ESG issues. In addition it specifically calls out senior leaders as having a responsibility for establishing an RI culture across the business.
As outlined in the RI Governance Structure, the Pendal Boards have delegated some of their Australian responsibilities (including RI) to the Australian Executive Committee. The Committee is made up of Pendal Australia’s senior management including the Chief Executive Officer (CEO), Chief Financial Officer (CFO), Head of Investment Services & Program Office, Head of Risk & Compliance, Head of Legal, Head of Sales & Marketing, Head of Corporate Development, the Investment Director and the Head of Human Resources.