At the Lombard Odier Group level, our sustainability philosophy, investment approach, and related policies are overseen by a Sustainability Steering Forum, which meets at least every two months, and at particular times as frequently as on a weekly basis. This Forum is also responsible for agreeing and reviewing the firm’s overall objectives for its responsible investment activities. This Forum is made of senior management representatives from across our business, including members of the Board of Managing Partners.
In addition, the Stewardship Committee within LOIM is responsible for oversight and guidance relating to the discharge of our stewardship responsibilities for internally managed funds. Its members are representatives from across our asset classes, our two dedicated sustainability teams, and the compliance, risk and legal departments. It reviews and gives guidance on voting and engagement, serving also as escalation mechanism for votes/engagements when necessary. It is also the final arbiter of any disputes. The Committee is also responsible for the final sign-off on voting/engagement reports to boards and committees
Our policies relating to sustainability are reviewed at least once a year and may also be updated on an ad-hoc basis as and when required (e.g. by law following a new regulation to transpose or following an internal policy update). All new, amended and retired policies require Board approval.