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Gresham House plc

PRI reporting framework 2020

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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

Other description (1)

          Investment Committee
        

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

Our CEO, Tony Dalwood, is ultimately responsible for the implementation and monitoring of our responsible investing programme including our climate related activities and has delegated day to day responsibilities to our COO, Andrew Hampshire, who has the authority to drive change as needed. The COO provides regular updates on the implementation and ongoing management of the Sustainable Investing Policy within Gresham House. This includes regular reporting at management committee meetings at both a regulatory and GH plc board level.

We have created a Sustainable Investment Committee (SIC) to drive the deliverables outlined in our policy and underlying asset class policies. The SIC has two Gresham House Asset Management Board member representatives (Andy Hampshire, COO and Heather Fleming, Head of Institutional Business), plus strategically appointed individuals from each investment division, as well as other parts of the business including marketing and sales. The SIC oversees the strategy, policy, reporting and communications (both internal and external) relating to sustainable investment and acts as a coordinating body. It also provides a forum to share best practices across the whole organisation, as well as upskilling employees on sustainability matters on a periodic basis, which may include externally credited qualifications.

The SIC meets monthly at present, and will subsequently meet quarterly and undertakes a regular review and assessment of the Gresham House investment team’s collective performance with the aim of driving long-term positive change within the business. An organisational chart and Terms of Reference can be provided upon request (see response to 7.7 below).

All our investment professionals are responsible for the implementation of Gresham House’s sustainable investing policy within their relevant asset classes. We have created bespoke content-rich asset management tools for each investment team to enable them to implement our policy commitments in a robust and consistent manner within each asset class. Additionally, we have established a set of Gresham House overarching KPIs and suite of asset-class specific KPIs to be monitored by each investment team and collectively by the SIC to analyse and document progress. We have started monitoring, analysing and internally reporting on these, and intend to create a dedicated Sustainable Investment report, on an annual basis as a minimum.

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

0 Number

07.4. Additional information. [Optional]

As outlined above, at Gresham House we have established a Sustainable Investment Committee (SIC) with representation from each investment division in order to ensure ESG considerations remain integral to our investment strategies.

As previously mentioned, our sustainability principles are embedded into our business ethos and operations and therefore we see it as the responsibility of all our staff to implement Gresham's commitments. A key differentiator for us is the belief that implementation of responsible investment does not only apply to dedicated RI/ESG staff, as only through collective collaboration will we be able to meet our high aspirations.

To this end, the SIC (with Management Committee approval) has begun tracking company level KPIs per business division, which we expect to amalgamate to provide a holistic picture of our impact to be included in an annual Sustainable Investment report. We believe that our carefully selected metrics, which span E, S and G factors, will best reflect how we are meeting our sustainability commitments. Examples include (but are not limited to):

  • % of businesses that measure their carbon impact (E)
  • % with a strategy in place to reduce overall carbon footprint (E)
  • number of new jobs created (S)
  • % of female directors on the main Board (G).

 


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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