The head of the firm's investment team, who is also a director of Orbis, is accountable for the investment process overall, including ensuring that our analysts apply our approach to responsible investing.
"Portfolio managers" refers to individuals who act as portfolio managers and/or are responsible for directing client capital into the highest-conviction ideas. They integrate ESG factors into their investment decisions and are responsible for engagement and proxy voting decisions. They also oversee the effective implementation of our approach to responsible investing within their investment team.
A member of the team of Investment Counsellors, which is responsible for servicing institutional clients and investment consultants, has oversight and accountability for Orbis' responsible investment duties and initiatives.
Orbis does not have a dedicated resource to specifically analyse ESG factors. In common with the principle of individual responsibility that underlies our investment process, we believe that such issues are best considered at the individual analyst level.
Please also refer to SG 07.4.