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LBPAM La Banque Postale Asset Management

PRI reporting framework 2019

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You are in Strategy and Governance » Governance and human resources

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 

          Head of SRI Department

Other description (1) 

          Compliance and risk officers

Other description (2) 

          Marketing team

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

On an annual basis, the Board of Directors reviewed the implementation of the RI approach, the voting guidelines and results and all the matters related to the RI development of LBPAM.

The CIO actively contributes to the implementation of RI strategy across the different asset classes.

The RI team is in charge of research and portfolio management and consists of 8 people: the Head of Fund Management, the Head of SRI Research, 5 SRI Equity Portfolio Managers and Analysts, 1 SRI Quantitative analyst.

Compliance and risk officers verify that our SRI funds are in line with our SRI approach.

Marketing team is involved in marketing and sales-related activities of our SRI funds.

 

 

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

8 Number

07.4. Additional information. [Optional]

A new Head of SRI research has been recruited in October 2017 and a RI US Portfolio Manager has joined in June 2017.
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

Other role, specify (1)

Other description (1)

Other role, specify (2)

Other description (2)

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 RI team prepares on a yearly basis a report on climate related risks which is submitted to the CIO and CEO. The purpose of this annual report is to help assessing and mitigating LBPAM's climate related risks.

The RI portfolio managers and dedicated research team are responsible for implementing climate related investment decisions in their portfolio.

 

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

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.1b. RI in personal development and/or training plan

08.2. Describe any activities undertaken during the reporting year to develop and maintain Board members’ skills and knowledge in relation to responsible investment.

A partnership with Novethic has established in 2018 and a dedicated training session for Board members was delivered.

In addition, the voting policy is presented and validated by Board members.

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO), Investment Committee

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other C-level staff or head of department

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Portfolio managers

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Investment analysts

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Dedicated responsible investment staff

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other role (1) [from SG 07]

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

The top management has committed to transition all the assets under management into SRI until 2020. This has been presented and approved by all the shareholders in 2018 (La Banque Postale, Aegon and Malakoff Mederic).
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