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Veritas Asset Management LLP

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

Other description (1)

          The ESG Taskforce
        

Other description (2)

          Please see response SG07.2
        

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

VAM LLP has a Managing Partners Board which consists of six Managing Partners: Charles Richardson (Fund Manager and Chairman), Ian Barnes (Chief Executive Officer, CEO), Antony Burgess (Investment Specialist), Richard Grant (Chief Operating Officer, COO), Andy Headley (Fund Manager and Head of Global), and Ezra Sun (Fund Manager and Head of Asia). The responsibility for investment and the integration of ESG practices rest with the investment teams and ultimately the Portfolio Managers. Any significant policy updates written up by the Management Committee will be signed off by the Managing Partners Board.

The ESG taskforce consists of three individuals across departments - Ramesh Narayanaswamy (Global Emerging Markets Portfolio Manager and Analyst), Antony Burgess (Investment specialist), Natalia Wileman (Client Services). The team considers new initiatives and how these maybe implemented if they are either additive to the investment process or additive to clients in terms of reporting. These initiatives would then be discussed and approved by the Managing Partners Board.

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

0 Number

07.4. Additional information. [Optional]

All investment analysts integrate responsible investment within their company analysis.

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.

Portfolio managers

Investment analysts

Other role, specify (1)

Other description (1)

          Other role, specify (1)
        

Other role, specify (2)

Other description (2)

          Other role, specify (2)
        

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.

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

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

As long-term owners of the companies in which we invest, ESG and stewardship considerations are fundamentally integrated into the analytical process and are not seen as a separate "overlay process". As such, we generally do not operate with KPIs and/or goals for the investment team relating to responsible investment.


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