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SKY Harbor Capital Management

PRI reporting framework 2020

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

          Heads of Investing and Research
        

Other description (1)

          Sustainable Themes and ESG Integration
        

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

Co-founder and Managing Director Hannah Strasser continues to  lead SKY Harbor’s multi-year effort in support of the 2030 Agenda for Sustainable Development Goals (“SDGs”) not only in terms of the company’s personal conduct but as a steward of our investors’ capital. We note that stakeholders across the globe continue to embrace the shared goals of sustainable development, recognizing the strong business case for investment decisions that include analyzing the risks and opportunities posed by environmental, social, and governance factors, particularly with respect to the high yield universe.  Looking toward the coming decade we believe the trend toward sustainability reporting by the business community will increase in pace and across industries world-wide.

Equally important and perhaps with more immediate impact than anticipated, we foresee significant involvement by governments and regulators, all of which we expect will potentially create or reveal significant physical and transition risks implicating regulatory disclosure, compliance, public policy and a broadened stakeholder universe of rights.

Having achieved much our integration and education goals concerning the investment process, and in response to the growing complexity underlying the accelerating regulatory trend, we have adapted our original model by moving away from of a single dedicated Transversal ESG Analyst and have established the SKY Harbor Sustainable Themes and ESG Integration Working Group.  This new working group sits along-side our Short Duration and Broad High Yield investment strategy working groups. Hannah Strasser and the Head of Investing  provide investment process integration and portfolio management expertise within this working group.  The GC & CCO is a member of this working group and oversees sustainability-focused thought leadership, leveraging his expertise in regulatory and compliance matters and his legal perspective on board governance and public policy issues. The four-person Sustainable Themes and ESG Integration Working Group is rounded out by the addition of an individual who is tasked with ESG Data Management, supporting our proprietary quantitative assessment of our high yield issuer universe. We believe this expanded working group bolsters SKY Harbor’s ability to respond thoughtfully and effectively in the management of our clients’ assets in light of the profound and ongoing developments in corporate sustainability.

 

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

4 Number

07.4. Additional information. [Optional]


SG 07 CC. Climate-issues roles and responsibilities (Private)


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.

In addition to subscribing to pertinent newsletters, blogs, and other information sources, Board members have attended investment industry conferences where Sustainable Investment topics are presented and discussed.

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

          Heads of Investing and Research
        

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

Investment analysts

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

Other role (1) [from SG 07]

          Sustainable Themes and ESG Integration
        

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.

In addition to internal credit meetings, client and prospect interactions also provide management with opportunities to encourage and reward personal development.  Because of the growing interest in responsible investment, the firm is frequently requested throughout the year to respond to questions in meetings, RFPs, and periodic due diligence reports concerning our responsible investment policies and procedures.  In the process of preparing for in-person client/prospect meetings or answering specific RFP or Due Diligence questions, members of the investment team (comprising portfolio managers, research analysts, traders) as well as by the Heads of Marketing, Client Service, and Legal & Compliance must review the work product of relevant staff in relation to responsible investing. This process allows for a continuous interaction among all relevant teams in relation to responsible investment. Moreover, to supplement these opportunities, SKY Harbor also conducts periodic in-person training sessions attended by all employees specifically on the topic of Sustainability and the firm's integration of ESG in the investment process. We believe these topics are continuously evolving and that is why the organization dedicates resources to attend ESG, Sustainability, SRI and Impact Investing conferences regularly and summarizes the key points so that all members of the team can benefit from new information and best practices. The transparency of internal and external dialogue and communication in these activities keeps Sustainability/responsible investment goals and objectives top of mind throughout the organization. Where relevant to job functions, employee contribution to the firm's commitment to Sustainable/Responsible Investing is evaluated as part of the annual performance review of each employee by  the Managing Director.

 


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