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Shell Contributory Pension Fund

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

          Head of ESG
        

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

The SCPF RI policy is fully set and owned by the Board. The Board is advised by the SCPF Investment Committee (IC), which in turn receives advice from the trustee support unit (TSU) and the fiduciary asset manager of SCPF (SAMCo). Within SAMCo, final responsibility for RI oversight/accountability and implementation lies with the MD/CIO, while the - daily - operational responsibility lies with the Head of ESG. The Head of ESG collaborates with 10 ESG focal points from the various asset management teams and functional support departments in SAMCo. These ESG focal points work together with the relevant PMs in their teams. PMs have access to MSCI ESG data & research to facilitate the implementation of the RI policy in their portfolios.

The IC has four regular meetings each year where ESG is a standing item on the agenda (incl. asset class specific monitoring).

Voting & engagement activities are outsourced to Hermes EOS. The Board of Trustees of SCPF, the TSU, SAMCo and Hermes EOS evaluate the impact of the monitoring, voting and engagement programmes on an ongoing basis. Hermes EOS provides quarterly reports to SCPF on the voting and engagement activities carried out for the SCPF holdings. Hermes EOS prepares annually a detailed evaluation of its engagement work on SCPF's behalf, which is presented to and reviewed by the Board through the IC.

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

1 Number

07.4. Additional information. [Optional]

With the Head of ESG, SAMCo has one person dedicated to responsible investment. In addition, there are 10 ESG focal points in the various asset management teams and functional support departments at SAMCo that allocate a significant part of their time to RI.


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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