This report shows public data only. Is this your organisation? If so, login here to view your full report.

Ambienta SGR SpA

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

          Head of Sustainability and Strategy
        

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

We have developed an ESG In Action Programme that clearly defines oversight/accountability and implementation responsibilities of all investment professionals at General Partner level and of management teams at portfolio companies level. 

We have appointed Stefano Bacci, Director of the firm, as ESG Manager and he has oversight/accountability of the whole ESG in Action Programme across the firm at GP Level and at portfolio level. He is supported by three internal resources on this task. This team has implementation responsibilities by driving execution of the investment team at portfolio level and consolidate outcomes to report.

For each investment we appoint the most senior resource, usually a Partner of the Firm, as the ESG Node. He/She has oversight/accountability and implementation responsibilities of our ESG in Action Programme at portfolio company level. Other members of the investment team (Principals, Managers, Associates, Analysts) working with the company have responsibilities as well. The more junior the role the more the responsibilities are skewed towards pure implementation and less oversight/accountability. The ESG Node is the key figure of our Programme since it usually is a Board Member in the portfolio companies and he is responsible to drive the implementation of the ESG plan we develop for the company. For example he is responsible for the engagement of C-Level staff to drive and delegate execution within the organization, for the approval of ESG policies, for execution of the plan till the monitoring and reporting of actual progress.

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

3 Number

07.4. Additional information. [Optional]

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

Dedicated responsible investment staff

External managers or service providers

07.7 CC. For the management-level roles that assess and manage climate-related issues, provide further information on the structure and process involved.

Our ESG in Action programme include climate change related issues as part of the Environmental issues to be addressed. The ESG Node and the investment team are responsible to address all material issues arising within each portfolio company. The first step to assess climate change issues is the Materiality analysis, through which the team analyzes the risk and opportunities linked to the issue. Then, if the ESG plan focuses on addressing climate change related issues, the Team are responsible to implement the action planned. 

As a firm Ambienta commits to monitor energy consumption patterns of all portfolio companies through a dedicated indicator, directly connected to greenhouse gases emissions.


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.

Ambienta's Directors are Partners of the firm. As pointed out below (C-level Executive section) they have Responsible Investment KPIs objectives in their performance appraisal process and variable pay link. Since they are actively participating in the implementation of the ESG in Action Programme they are constantly exposed to our Responsible Investment best practices. The ESG Manager and the three internal resources participate to conferences and engage external Responsible Investment consultants to maintain best of breed knowledge of industry standards. This knowledge is shared with the whole Ambienta's team, including Partners who sits in Ambienta's Board through regular meetings held 2-3 times a year.

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

          Head of Sustainability and Strategy
        

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

Dedicated responsible investment staff

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.

Since 2016 we included in the annual performance evaluation an ESG drive indicator which will take into consideration for the variable remuneration of the year the individual achievements, coherently with seniority and level of responsibility. Every team member is engaged in ESG in Action implementation and regular update meetings so could benefit from each other experience in its personal development since very junior level.


Top