The firm's Responsible Investing policy integrates the entire investment process and as such as it is fully integrated in every step performed in the investment process.
The CEO/CIO ensures implementation throught two processes:
- Weekly Portfolio Review Meeting: This is held on a Monday and the team goes through a structured agenda and records minutes for the meetings which are available for reveiw. There are 10 discussion items, including current newsflow that affect the portfolio investments, such as a change in an ESG risk, upcoming Proxy votes, liquidity, how close the portfolio is to passive breach limits.
- Stock Review Meetings: The research analyst presents to the wider investment team their investment idea. The wider analyst team provides feedback on all the risks, including ESG risks which helps calibrate the materiality, probability assessment relative to other investment ideas. The meeting ensures that all the steps in the Responsible Investing policy have been followed.
Portfolio construction is the outcome of a structured process and the CEO/CIO is the guardian of the process on a day to day basis.
The Executive Committee of the firm is notified if there are any events where there has been any divergence from the Responsible Investing policy.