The ESG-policy applies to the Patrimonium board of directors and all Patrimonium employees, including management and the members of our investment and other committees. This means that every employee has certain ESG responsibilities as far as they are concerned.
We have established processes for implementing ESG factors at the relevant levels of our organisation, under the oversight of our board of directors in coordination with the respective portfolio managers of each asset class we are investing in. The board of directors has the oversight for RI, validates the general ESG strategy and takes the principal decisions concerning the implementation of ESG topics. The board as well as the CEO have supervisory power and indicate a general direction for ESG implementation. They can delegate certain topics to ESG-responsibles or other employees (e.g. ESG-Policy initiated by CEO/Board).
Our portfolio management is guided by our desire to anticipate future societal, human and environmental needs. When considering whether to invest in a given company or asset, we carry out an ESG assessment based on this policy. It is mainly the portfolio managers and the investment managers who carry out the day-to-day responsibilities for responsible investment activities as they make the investment decisions.