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Cometa Pension Fund

PRI reporting framework 2020

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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

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

The Board of Directors'  is responsible of  all aspects of the Responsible activies:

  • periodical review of the Engagement Policy and Esclusion Poliocy
  • allignment of the engagement activity with the Cometa Engagement policy
  • outcomes of the annual ESG portfolio analysis 
  • outcomes of the annual Carbon Footprint
  • dialogue with engaged companies
  • dialogue with External asset managers on ESG material drivers.

All the Board components have access to the Database where the public engagement discussions are logged and stored.

 

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

0 Number

07.4. Additional information. [Optional]

Nobody of the internal staff allocate the majority of thier working time to responsible investment . All the activities are carried out with the support of an ESG external provider.

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

External managers or service providers

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

Cometa is a signatories of the Montreal Pledge and dicloses publicly the Carbon footprint outcomes.  No specific guidance is given to address the investment decisions.

The Boards is informed about the results of this climate-related issue, minitoring on an annual basis the CO2 emissions of the investment. This is a long term trend that Cometa acts and briefs on and in the next future some iniziatives on portfolio may be implemented for the transition to a low carbon economy.

 

 

07.7 CC. For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.

Cometa Investment Committee and the CEO annually discuss the outcomes of the Carbon Footprint carried out by an external ESG provider.  Some engagement activities could start on some climate-related issues, based on the CF results.

07.8 CC. Indicate how your organisation engages external investment managers and/or service providers on the TCFD recommendations and their implementation.

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

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

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

No additional information.

08.4. Describe the level of experience board members/trustees/chief-level staff have with incorporating ESG factors into investment decision-making processes. 

          The Chief-level staff has deep expertise in ESG factors, being involved with responsible investment since many years. The Board members are periodically trained and updated on sustainability topics.
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