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Infraprev

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

          Risk Manager
        

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

For each analysis of new investment opportunities or specific decisions involving ESG themes, the Risk Management area assesses all aspects and issues an independent opinion. These aspects are submitted to the Risk Committee and, subsequently, to the Investment Committee, responsible for the final decision.

Besides, the Risk Management area is responsible for monitoring the ESG aspects of the portfolio (including the external managers) and report monthly to the Risk Comittee. 

Directors are members of these two Comittees. This structure permits them to execute the responsability for oversight/accountability for RI.

 

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

0 Number

07.4. Additional information. [Optional]

In the last years, Infraprev has reestructured their investment and risk staff and the activities related with ESG analysis and monitoring were redistributed among the teams. 

So, nowadays Infraprev does not have an area or a professional entirely dedicated to the topic, although the Risk Manager is responsible for internal policies and assessment of the topic


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

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


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

08.2. Describe any activities undertaken during the reporting year to develop and maintain Board members’ skills and knowledge in relation to responsible investment.


During the reference year, the members of the board of directors asked the investment and risk teams to review and improve the risk analysis related to the investments. The reason was to seek more efficiency. One of the main points that is always considered in these cases was the analysis of aspects of governance. Thus, these discussions involved all experts through a working group, and contributed to improving the skills of board members by engaging them in governance discussions and research on how to improve governance and risk analysis.

In addition, board members are encouraged to attend PRI events or other educational initiatives related to ESG themes.
 

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

          Risk Manager
        

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.

Members of investment team and risk staff are stimulated to participate in trainings and/or presentations about RI themes.

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

          High level of experience, since this kind of process is incorporated in investment decision-making in Infraprev for a long time.
        

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