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Nysnø Climate Investments

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

          CLCO, CFO
        

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

Investment team integrates ESG considerations into investment process from pipeline stage.

Chief legal and compliance officer and Sustainability & Communications Officer support investment team in screening and due diligence process including implementing ESG policy and ensuring responsible investment.

Management team (CEO, CFO, CIO and CLCO) constitute the investment committee and provide oversight and testing of investment case in relation to responsible investment/ESG criteria.

Board takes final investment decision, including taking into account responsible investment/ESG aspects.

CFO prepares reports to owner including ESG elements.

CFO, CEO and Chairperson of the Board participate in quarterly reporting meetings with owner.

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

Other Chief-level staff or heads of departments

Portfolio managers

Investment analysts

Dedicated responsible investment staff

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

The Board reviews and approves Nysnø's investment policy which is directly linked to climate related issues, specifically the reduction of greenhouse gasses. The Board reviews Nysnø's annual internal control process including risk matrix and climate risk report.

07.7 CC. For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.

The investment managers and CIO take into consideration a company's potential impact on climate change as an integral part of the investment process. The CLCO and Sustainability & Communications Officer support the investment team during the process and logs compliance with the criteria of reducing greenhouse gases, ESG due diligence and other impacts systemised by using the SDGs. The investment committee considers and approves investment cases for submission to the Board, including fulfilment of climate impact and ESG criteria. The investment managers follow up the company and fund developments over time including realisation of impact. 

07.8 CC. Indicate how your organisation engages external investment managers and/or service providers on the TCFD recommendations and their implementation.

Specify

          Request that external investment managers report on climate related impact in regular reporting.
        

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


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