The Board of RCL approves the Responsible Investment, Engagement and Proxy Voting Policies.
The Portfolio Managers (PM’s) drive the RI agenda.
The responsibility of incorporating ESG into the investment process sits with the Investment Team. The team integrates ESG factors in the investment process. Investment Analysts and Portfolio Managers are responsible for identifying and assessing relevant ESG factors. A discussion of these factors is included in stock initiation and research reports and are explicitly factored into valuations via adjustments to the company’s earnings forecasts and / or valuation multiple, where applicable.
ESG is an important component of Investment Team staff variable remuneration.