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SAS Trustee Corporation

PRI reporting framework 2019

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

          Chief Risk Officer
        

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

Board level:

  • Board - During the year the State Super Board were engaged to provide strategic input into the future direction for responsible investment at State Super. This engagement happened via a Board workshop.
  • Board Investment Committee (BIC) - BIC members were regularly engaged on ESG issues across the pooled fund through updates at quarterly BIC meetings covering climate risk impacts, proxy voting and company engagement activities.

Internal roles:

  • Management Investment Committee (MIC) - The Executive of State Super are responsible for monitoring RI activities including ESG risk exposure and management.
  • CEO - As the Chair of the MIC and a participant in the Board Investment Committee, the CEO has oversight and accountability for the implemention of RI activities across the pooled fund.
  • CIO - The CIO is accountable for the development, implementation and performance reporting of the State Super RI program.
  • Chief Risk Officer (CRO) - The CRO provides oversight on RI through their participation on the MIC and provision of advice on ESG related risks.
  • Portfolio managers - Across the pooled fund, asset class heads are responsible for the oversight of underlying managers and for reviewing the relevant compliance with exclusions and reporting on ESG performance.
  • Investor relations - Internal investment governance and ad hoc implementation of RI was managed during the year by the Senior Manager, Investment Partnerships.

External roles:

  • External managers or service providers - State Super expects external managers to undertake RI activities in its behalf - this is reflected by the inclusion of ESG compliance and reporting requirements in IMA's. State Super is also a member of ACSI, who provide a range of RI related project, research, engagement and advisory services.

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

0 Number

07.4. Additional information. [Optional]

State Super has historically not employed a dedicated RI staff member, with RI related activities gnerally implemented by a number of investment team members. In late 2017/18 a need for a dedicated RI staff member was identified, with a view for recruitment to be initiated in early 2018/19.

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SG 07 CC. Climate-issues roles and responsibilities (Private)


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


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