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Amalgamated Bank

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

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

Our proxy voting guidelines provide a very detailed statement of the approach that we take on specific ESG issues, and we are a leader among funds seeking to promote ESG goals through direct engagement with portfolio companies through shareholder proposals, letter writing and other forms of engagement.  Given our history, all managers identified here are attuned to and aware of the importance of ESG issues in portfolio companies.

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

0 Number

07.4. Additional information. [Optional]

This question is not applicable to our business plan because our funds are primarily indexed, so we are not structured to have a dedicated staff that is engaged in stock picking, screening and monitoring compliance.  Our core strategy allows us maximum flexibility to engage companies on ESG issues across the market, with   responsibilities on ESG issues thus spread over a number of personnel.  This type of activism has been an integral part of our identity since our founding over 20 years ago.  Our funds have actively sought to improve corporate performance through engagements with hundreds of portfolio companies on a range of ESG issues, using a variety of strategies that would simply not be possible if we had screened companies out of the portfolio.


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


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


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