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Joseph Rowntree Charitable Trust

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We support clearing house initiatives which are relevant to our areas of interest.  In the year we supported the Stewart Investors' plastic pellets, flakes and powders and micro-insurance collaborations. We also signed onto an investor statement on deforestation and forest fires in the Amazon calling on companies to redouble their efforts and demonstrate clear commitment to eliminating deforestation within their operations and supply chain.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of CDP and signed onto its non-disclosure campaign.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We supported the Climate Action 100+ initiative in 2019.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of the IIGCC.

We supported various IIGCC initiatives during the year. We signed onto its letter to the G20 urging it to end fossil fuel subsidies and onto an open letter to European Leaders ahead of the October 2019 European Council asking for a net-zero emissions target for the EU, to be achieved by 2050 at the latest, and the alignment of all relevant EU legislation to the goals set out in the Paris Agreement.

          Church Investors Group (CIG)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are an active member of the CIG and serve on its board.  

We spoke at a  session on divestment at the CIG annual members' meeting and contributed to the development of the CIG's new strategy for 2019-2021 focusing on 'Stranded Humans'.

We supported all the various engagement activities that the CIG undertook during the year.

          ShareAction.
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

ShareAction, one of our grantees.

We supported  various engagement activities undertaken by ShareAction in the year including the Investor Decarbonisation Initiative and the Workforce Disclosure Initiative.

          FAIRR
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We signed CERES FAIRR's letters to quick service restaurants about de-risking meat and dairy supply chains and supported FAIRR's work generally..

          As You Sow
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We signed Investor letters asking companies to respond to As You Sow’s survey on the environmental attributes of their product packaging. 


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

100 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Through our Power and Accountability grants programme we contributed to the debate on responsible investment issues. In the year we awarded new grants to the Corporate Europe Observatory, the European Coalition for Corporate Justice, Foxglove Legal and the High Pay Centre as well as continuing to pay out grants to other organisations working in this area.
        

Frequency of contribution

Description

          We provided ad hoc support to academic researchers and students, answering questions and completing surveys about responsible investment including two focusing on our divestment from fossil fuels.
        

Frequency of contribution

Description

          We promoted transparency and the disclosure of responsible investment practices through various peer group networks including the Church Investors Group and the Finance, Information, Resources and Management group (via the Association of Charitable Foundations) throughout 2019.
        

Frequency of contribution

Description

          We spoke at the following events:
- The Civil Society Trustee Exchange conference held in April 2019 about how the Trust uses its investments to help achieve its wider mission.
- The Responsible Europe 2019 conference on in June 2019 on the increase in technology and its implications for responsible investors.
- The Church Investors Group members meeting in June 2019 on why the Trust decided to divest from fossil fuels.
- An Association of Charitable Foundation's (ACF) investment seminar panel in July 2019  about some of the practical issues involved in implementing responsible  investment strategies.
- The Europe Foundations Finance and Investment Officers group meeting in October 2019 on responsible investment.
        

Frequency of contribution

Description

          In 2019 we updated our investment strategy and policy on engagement. Both these documents appear on our website. 

In 2018 we started a programme of engagement with our fund managers to determine how best they can report their voting information to us in a manageable but meaningful way. This work was extended to include other authorities in 2019 and is currently being finalised. Internally we expect that this work will allow us to engage with our managers more effectively on their voting behaviour in 2019 and going forward. Externally we hope that, by sharing our work, we will be able to improve the  quality of monitoring of manager voting by charitable foundations and others.
        

Frequency of contribution

Description

          We encourage the adoption of the PRI through our investment strategy which is published on our website and shared with other investors seeking our advice.
        

Frequency of contribution

Description

          We had an article published in Charity Finance on the Landmark Ruling Coalition which is seeking a judgment which goes beyond the Bishop of Oxford case and asks that charities must take ESG into account when investing.
        

Frequency of contribution

Description

          We served on the board of the Church Investors Group which represents institutional investors from many mainstream church denominations and church related charities. Its aims are to encourage the formulation of investment policies based on Christian ethical principles, to encourage responsible business practice through engagement with company managements and to share information and views on ethical matters related to investment. The CIG has 70 members, predominantly drawn from the UK and Ireland, with combined investment assets of over £21bn.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

 

 


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Climate change issues.


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