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Loomis, Sayles & Company, L.P.

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.


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.

1. Director of ESG: In 2018, Loomis Sayles established a Director of ESG.  The Director is responsible for Loomis Sayles' ESG Policy Statement, which enumerates our commitment to provide superior investment results to our clients and the incorporation of ESG into the investment process, as well as our determination to be a responsible global citizen. Loomis Sayles has provided substantial tools to our investment professionals and has reinforced the importance of using these tools in connection with making recommendations and investment decisions.  

2. Senior management ESG committee: We have a bi-weekly meeting with a subset of our management committee to review ESG activity, strategy, and progress. Decisions are made by this committee regarding the allocation of resources to ESG, the implementation of new initiatives and tools identified by the Director of ESG and the ESG Committee.  It includes the CEO, General Counsel, COO, Deputy CIO, CIRO, and the Director of ESG, four of whom are members of the Board of Directors of the firm.  This committee is a subcommittee of the firm's Risk Management Committee, which meets quarterly and whose substance is reported to the Board.

2. ESG Advisory Board: In addition, Loomis Sayles' ESG Advisory Board addresses ESG strategy and progress. This group of executives from across the firm includes our CEO, Deputy CIO, Chief Investment Risk Officer, COO, General Counsel, the Director of EMEA Institutional Services, located in our London office, as well as both equity and fixed income portfolio managers.  This group meets semi-annually, with additional calls and meetings as needed.

3. ESG Working Committee: The Director of ESG, the General Counsel and the other members of the ESG Committee are well positioned to oversee the progress in integration of ESG issues in Loomis Sayles' investment process.  One of the ESG Committee's goals is to continually identify additional superior tools for use by our investment professionals and to make them easily accessible.  The intent of the ESG Committee is to continually identify ways to increase investment professionals' awareness of and sensitivity to ESG issues in seeking superior risk-adjusted long term performance, and to identify opportunities to engage with issuers in pursuit of this goal.

4. ESG Subcommittees:  In 2018 we established a number of ESG subcommittees, each of which reports in to the ESG Working Committee. These include marketing, technology, PRI, Climate Change and ESG Best Practices subcommittees


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

1 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

Dedicated responsible investment staff

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.

Members of the Board are involved in raising the prominence of climate-related issues at Loomis Sayles through internal communication channels, however no formal oversight and accountability structure currently exists. Official structure for oversight/accountability is currently being developed and will be made official in 2020.

ESG and climate-related initiatives at Loomis Sayles are led by Kathleen Bochman, the Director of ESG. Work on these topics is embedded throughout the firm and is supported by the following committee structure:

  • The ESG Advisory Board approves major ESG initiatives and will meet bi-annually. The purpose of the ESG Advisory Board is to ensure that key ESG policies, strategies and initiatives are reviewed by a broad group of senior leaders. The Advisory Board includes executives from across the firm as well as portfolio managers from the investment teams.
  • Senior management ESG committee is a bi-weekly meeting compromised of the Director of ESG, the CEO, General Counsel, Chief Operating Officer, Deputy Chief Investment Officer, Chief Investment Risk Officer to review ESG activity, strategy, and progress.  Four members of this committee are also members of the Boiard of Directors of the firm.  Decisions regarding allocation of resources, implementation of intiatives and selection of tools to support the ESG effort are among those taken by this committee.  The committee is a subcomittee of the Risk Management Committee that meets quarterly, and matters of substance discussed at these quarterly meetings are subsequently reported to the Board of Directors
  • The ESG Working Committee is a working group consisting of individuals from across the organization that: provide resources for ESG research; report to the PRI; collaborate with industry organizations, consultants, and clients, and communicate what is happening in the marketplace and within the firm related to our ESG initiatives. The committee meets bi-weekly, although it meets frequently during the first quarter to prepare the annual PRI Assessment. Each member of the ESG Committee has a full-time role at the firm but spends from 10% to 40% of their time on ESG work.
  • ESG Subcommittees, which are led by Committee members, currently include the UNPRI, ESG Technology, ESG Marketing, Climate Change and ESG Best Practices
  •  The Climate Change Subcommittee was created in 2019, with a goal to ensure that the firm and the investment teams have the best data and tools available to integrate into their investment processes.


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

Dedicated responsible investment staff

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.

The Director of ESG is the only 100% dedicated RI staff, and her compensation is tied to the continued progress and integration and engagement of ESG across the firm.

One of our ESG Committee members is 50% credit research, and 50% ESG; his compensation includes a tie to the continued progress and integration and engagement of ESG across the firm.