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.