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Vancity Investment 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

          Vice President Sustainable Wealth Management
        

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

Oversee and direct ESG research to provide timely environmental social governance analyses both in response to requests by the Portfolio Managers and proactively on an initiative basis to provide potential new ideas in support of portfolio construction.

Develop, lead, implement and report on shareholder engagement strategies to address potential ESG risks.

Utilize engagement strategy to facilitate team mentoring, training and succession planning

Participate in the investment process to contribute to the effectiveness of the investment process in support of the performance objectives of the funds and portfolios. Actively support and contribute to the Investment committee objectives of implementing responsible investment strategies.

Provide appropriate management to ESG team to ensure support for the VCIM investment process.
Assign and delegate research projects to support implementing responsible investment strategies.
Provide guidance and support for team in advancing marketing/sales support across IA Clarington and Vancity.

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

8 Number

07.4. Additional information. [Optional]


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

Other Chief-level staff or heads of departments

Portfolio managers

Investment analysts

Dedicated responsible investment staff

Investor relations

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.

Vancity’s risk management framework enables the Board to define and approve an appropriate risk appetite, which outlines how much risk Vancity is willing to take in order to successfully achieve its strategic plan. We knowingly and willingly take on risk because we see the upside, and use effective risk management techniques to provide an appropriate safety net. To manage risk appropriately, Vancity monitors risk across 12 broad and interrelated risk dimensions. In 2017, we added climate risk to our risk oversight because we have come to realize there are both short and long term impacts to our members and operations that we need to pay attention to, and influence as much as possible. For example, rising sea levels that could lead to the flooding of low-lying areas (where many members live and work) and how climate change could impact the frequency and intensity of earthquakes are things that could have detrimental impacts on our community. As we determine how much of a financial risk climate change poses to our business, we intend to disclose more on how we are managing it as recommended by the Task Force on Climate-related Financial Disclosures


SG 08. RI in performance management, reward and/or personal development (Private)


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