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Troy Asset Management Limited

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

          Head of Responsible Investment

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

Troy’s CIO, Head of Research and Board have responsibility for oversight of Troy’s responsible investment policies and objectives.

Troy's Head of Responsible Investment is responsible for the drafting of Troy’s firm wide RI policies and objectives, with oversight from the CIO and Head of Research.  He is also responsible for the implementation of Troy's RI policy and the associated systems, processes and training required to deliver Troy’s responsible investment objectives.  As of late 2019 he has dedicated analyst resource in support of this function.

Troy's Head of Responsible Investment is required to report to Troy's Board on an annual basis on the RI policy and its implementation.

The wider investment team (including all portfolio managers and analysts) have responsibility for the integration of ESG factors into their research and, alongside Troy's fund operations team, have responsibilities for voting and engagement.

Troy has appointed VigeoEiris to support the screening process for the Trojan Ethical Income Fund and to provide additional ESG research capability on a subset of Troy’s stocks.  ISS have been appointed to provide Troy's proxy voting platform and proxy voting research as well as broader ESG research.  Lastly, Troy employed the services of the consultants Impactive Associates in 2018 in order provide support in the implementation of Troy's RI policy and to provide training to the investment team. 

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

0 Number

07.4. Additional information. [Optional]

Troy’s approach to responsible investment is based on the premise that responsible investment should be conducted as part of the broader investment process rather than as an adjunct.  As such the responsibility for implementation and oversight of the firm’s policies and objectives is integrated into the wider investment team of 13 people.

Three members of the investment team have RI responsibilities specified within their job descriptions (with commensurate time allocations).  These include Troy's Head of RI and Ethical Income Fund Manager, the manager of the Trojan Ethical Fund and the dedicated RI Analyst.  However, all of these individuals roles are deliberately combined with significant investment management and analyst obligations.

All members of the investment team have RI obligations that form part of their staff appraisal process as of 2019.

SG 07 CC. Climate-issues roles and responsibilities (Private)

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