There are two types of investment decision-makers involved in this process--our internal Investment Management Team (which is now called the Catholic Responsible Investments Team after it was integrated with the ESG-focused CRI team that existed), which selects, appoints, and monitors our sub-advisers and is on the frontlines of setting expectations for our external managers, and the sub-advisers (managers) themselves. CBIS now routinely carves out time when meeting with our sub-advisers to discuss our engagement activities, Active Ownership priorities, and how our sub-advisers approach such issues. We also invite some sub-advisers to CRI-related dialogues or events we are hosting or participating in. We occasionally team up with one of our managers to further our engagement objectives. Including managers when there is interest in our work creates additional attention to our concerns at the company level, and builds broader ESG understanding with those managers.
We additionally review the proxy voting records of our managers on issues of importance to our CRI team, and we review their PRI Reports/Assessments (for those that are signatories) so that we internally can better understand our managers' approaches to ESG in order to facilitate a greater partnership with them, over time, in our engagement work.
Our CEO and CIO weigh in on our annual engagement priorities, on discussions involving escalation strategies and withdrawals of resolutions, and other strategic matters, on a routine basis. Our CRI Department reports on engagement, screening, and voting indicators on a quarterly basis to our Board and Fund Trustees, and our Executive Committee, through dashboards and spreadsheets of activity. We report our engagement priorities, goals, and outcomes to our investors on a quarterly or more basis, through public newsletters, webinars, podcasts, and information posted to our website.