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Colonial First State

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

          General Manager Investments
        

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

The General Manager, Investments has oversight from a monitoring perspective to ensure CFSIL meets and delivers its Responsible Investment commitments (as outlined in our RI Framework), manages and mitigates ESG risks according to the ESG Risk Management and Proxy Voting Policy, and invests according to the PRI Principles as stated in our ESG and Climate Risk Management Policy.

They receive regular reporting on the ESG and climate risks of the MySuper and FirstChoice multi manager options, ad-hoc reports for approval and/or noting in relation to policy updates, various pieces of analysis, and a semi-annual update on the progress of the RI strategy and delivery of commitments. At these updates they are given the opportunity to provide feedback and reflect on the direction and delivery of the RI strategy.

The General Manager Investments and Responsible Investment team are responsible for the implementation of the RI strategy, ensuring RI commitments and ESG risk management processes are embedded and followed by the investment management team and by appointed fund managers. Where policies and IMAs need to be updated, reports written, analysis undertaken, service providers hired, and surveys filled - we are responsible for executing these pieces of work, reporting at an appropriate level of detail to the CEO, Investment Committee and Board, and attesting that relevant policies and processes are being followed, our commitments met, and the general RI agenda is being progressed.

Actual ESG integration, engagement and voting activities are all currently outsourced to our fund managers.

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

3 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 (Private)


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