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SKY Harbor Capital Management

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]

Since participating in the Fixed Income initiative for Credit Ratings Agencies, we have attended a number of PRI events, engaged with peers on RI topics, and committed to participating in a thematic engagement, specifically relating to climate change. The firm also signed the PRI-backed joint letter to the G20 leaders in July 2017, urging their commitment to the Paris Agreement. We have also participated in a collaborative engagement with a fellow PRI signatory (equity manager) urging a large public company to issue a sustainability report. 

Member of the PRI oil and gas engagement group; participant in group calls

Signatory to PRI public comment letter to US Securities and Exchange Commission advocating against the Commission's 2019 proposal to change rules on shareholder proposals and proxy advisors, which would impede ESG integration.

SKY Harbor is a dedicated fixed income high yield investment manager among very few in the PRI signatory base. 

 

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]

SKY Harbor became a UN Global Compact participant in 2017, submitting a CEO statement of commitment, followed by a commitment to the UN Women's Empowerment Principles. 

          Thirty Percent Coalition
        

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]

SKY Harbor committed to joining the Thirty Percent Coalition in late 2017, as well as publishing a statement on the firm's gender diversity initiatives and goals. The statement is publicly available on the firm's website.  

Supported the Coalition's comment letter to the US Securities and Exchange Commission advocating against proposed reform affecting shareholder proxy eligibility requirements.

          TCFD
        

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]

Publicly available statement by the CEO in support of the TCFD initiative. 

TCFD guidelines included in ESG-related engagements with companies where relevant.

Provided relevant CO2 equivalent emissions data to investors

          Joined the FAIRR Initiative in 2019 and signatory to FAIRR CERES Global Investor Engagement on Meat Sourcing.
        

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]


SG 09.2. Assets managed by PRI signatories (Not Applicable)


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

          Continued direct engagement with clients, consultants, prospective investors, and our PE partner to promote understanding and adoption of RI approaches. Assisted new clients in implementing their RI objectives.

Provided in-person training on the topic and Sustainable Investing with specific references to PRI, TCFD, GRI and SASB. Discussed further steps to integrating ESG in the firm's investment process.
        

Frequency of contribution

Description

          Submitted materials to publications regarding ESG integration in high yield
        

Frequency of contribution

Description

          We support the TCFD and with companies that we directly engage advocate for increased transparency and disclosure.
        

Frequency of contribution

Description

          Openly discuss our participation with PRI and other organizations with asset owners, consultants and our PE sponsor, and the efficacy of the commitment for other organizations
        

Frequency of contribution

Description

          Organized media campaign relating to newly-launch SKY Harbor Global Funds Short Maturity Sustainable High Yield Bond Fund, a sustainability-themed UCITS, which included discussion intended to foster understanding of tenets of RI and application in high yield investing.
        

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 (Private)


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