For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.
ESG is fully integrated within Cardano's manager research and investment process and is reflected in the 4 tier governance structure:
- Tier 1 | Coverage Teams & Lead Analysts are responsible for the day-to-day ESG ratings, monitoring and engagement
- Tier 2 | Manager Review Committee, Chaired by the Head of Manager Research and includes Senior Investment Managers and the Group CIO - has overall responsibility for investment decision making, buy & sell decisions. Coverage Teams will escalate ESG issues to this committee for discussion. All new investment ESG Ratings are debated by this committee.
- Tier 3 | ESG Steering Committee (Participants: Head of Clients, CIO, General Counsel, Chief Compliance Officer and members from the client team and investment team) - meets at least quarterly and as required. This committee has overall responsibility for establishing and co-ordinating Cardano's ESG processes within the business to ensure integration and consistency of approach. This body will periodically review and lead on updating the ESG processes and procedures within the business.
- Tier 4 | Group Management Board - has overall responsibility for Group policy
Additional information. [Optional]
Whilst there are no dedicated responsible investment staff, every member of staff that is responsible for any investment decisions within the business whether analyst, portfolio manager or consultant is trained on and responsible for reflecting Cardano's responsible investment approach.