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The J.W. McConnell Family Foundation

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          Impact investing allocation and policy
        

01.3. Indicate if the investment policy covers any of the following

Other description (1) Impact investing: include both mission-related and program-related investments
Other description (2) Exclusion of the following industries: tobacco, alcohol, gambling, weapons, pornography, marijuana and private correction facilities.

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Foundation's investment beliefs are: 

1) Total return: based on the concept of total return being composed significantly of investment income rather than capital gains.

2) Low volatility and inflation protection: to match the generally risk averse nature of the Foundation and to maintain purchasing power over the long-term. 

3) Growing dividends: for long-term growth. 

4) Responsible investing: incorporating environmental, social and governance (ESG) factors in its decision-making is fundamental to conducting comprehensive investment assessments and for managing risks and opportunities adn all investments must be consistent with the Foundation's philanthropic mission. 

The overall investment strategy described in detail in the publicly available SIPP. The Investment Committee has an advisory role and recommends policies and the Board retains decision-making authority. 

In our risk management, we proactively attempt to mitigate compliance, credit, currency, diversification, inflation, leverage, liquidity, market, regulatory and volatility risks, in addition to having oversight over emerging risks and ESG issues.  

External managers are responsible for voting proxies on behalf of the Foundation, with ESG factors being given the highest consideration.

For the portion of our portfolio allocated to Impact Investments, we have more stringent environmental and social screening requirements outlined in a distinct Impact Investment Policy.

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

Other, specify (1) description

          Impact investing allocation and policy
        

URL/Attachment

Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

Other description (1) Impact investing: include both mission-related and program-related investments

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

All Foundation Trustees, staff, investment committee members and contract service providers must sign the conflict of interest policy prior to engaging with the Foundation. We can share the Foundation’s Conflict of Interest policy for more details upon request. 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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