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Eskom Pension and Provident 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

          The Deputy CIO and Multimanager
        

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

The Board approves the Investment Policy Statement (IPS) and Proxy Voting Policy.

The Strategic Investment Committee (SIC) ( a Board committee), is responsible for reviewing the Proxy Voting policy for modification as needed and making recommendations for consideration by the Board. Reviews the appropriateness of and approving the strategy parameters and goals for corporate engagement.

Chief Executive (CE): Approve deviations from the policy. Ensure that the strategy parameters and goals for corporate engagement activities are established and monitored. Ensure that a representative of the Fund attends the annual general meetings of the top five owned companies or of any company where the proxy voting agent will not be allowed to vote or speak on behalf of the Fund

Portfolio managers/Analysts: Monitor and incorporate ESG in the investment process.

CIO: Implement Proxy either via the Proxy Voting agent or through IMU in instances where the Proxy Voting agent is allowed to vote or speak on behalf of the Fund. Establish and monitor strategy parameters and goals for corporate goals for corporate governance activities. Ensure that the policy is kept current and through regular policy review. Ensure that policies are made available/communicated to the relevant stakeholders. Ensure that deviations from the policy are documented and sent to the CE for approval.

 

 

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

13 Number

07.4. Additional information. [Optional]

Responsible investments responsibilities cuts across the organisation from the Chief Executive (CE) to the analysts.


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

External managers or service providers

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

Board approve IPS and Proxy Voting Policy.

The Strategic Investment Committe , a board committee,  is responsible for reviewing the Proxy Voting policy for modification as needed and making recommendations for consideration by the Board. The SIC also reviews the appropriateness of and approving the strategy parameters and goals for corporate engagement activities.

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

Implement Proxy either via the Proxy Voting agent or through IMU in instances where the Proxy Voting agent is allowed to vote or speak on behalf of the Fund.

Establish and monitor strategy parameters and goals for corporate goals for corporate governance activities.

Ensure that the policy is kept current and through regular policy review

Ensure that policies are made available/communicated to the relevant stakeholders

Ensure that deviations from the policy are documented and sent to the CE for approval

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

Specify

          We requested that all our managers complete the PRI climate indicator report and send the document back to the Fund.
        

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

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.1b. RI in personal development and/or training plan

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO), Investment Committee

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other C-level staff or head of department

          The Deputy CIO and Multimanager
        

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Portfolio managers

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Investment analysts

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

08.4. Describe the level of experience board members/trustees/chief-level staff have with incorporating ESG factors into investment decision-making processes.

          
        

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