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NORSAD FINANCE LIMITED

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

          Portfolio and Risk Director
        

Other description (1)

          Head of Compliance and Audit
        

Other description (2)

          External ESG Consultants
        

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

  • Norsad Board
  • CEO :Oversight responsibilities and strategy implementation on responsible investing
  • Management level:

Portfolio and Risk Director  Responsibilities: Responsibility for investment operations, portfolio monitoring and portfolio reporting for financial and ESG risks.

Operations level:

  • ESG Officer, Responsibilities: SE categorisation (high SE risk investments), Social and Environmental due diligence - SEDD, advising Norsad Investment Officers and clients on SE issues, overall S&E monitoring and compliance of Norsad portfolio. 100% working time dedicated to S&E.

-Ensuring compliance to Norsad ESG policies and procedures
-Applying rigour in on-going investment risk management activities.
-Going assessment, mitigation and management and reporting of Portfolio of ESG risk. This includes incorporation of ESG and impact assessments in Investment screening and approval processes.
-Assessment, measurement and reporting of development impact in the Portfolio.

  • Investment Analysts: 

-Preliminary assessment of adverse ESG risks and onboarding of potential clients to ESG. They also apply the exclusionary screening of new clients. 

  • External ESG consultants and advisory team: To enhance capacity and provide expertise on ESG matters and SEDD of high risk projects.

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

1 Number

07.4. Additional information. [Optional]

Norsad has one full-time Dedicated Responsible Investment Staff who is employed as a ESG Officer. Norsad’s ESG Officer is responsible for providing inhouse ESG services, as well as screening investments, undertaking Social and Environmental Due Diligence (SEDD) assessments preparing Social and Environmental Action Plans (SEAPs), monitoring the implementation of SEAPs, and conducting annual monitoring and reporting on Norsad’s portfolio. The ESG Officer receives support from an external ESG Consultant and Advisory Team as capacity or necessity dictates. The external ESG Consultant’s services are available to Norsad under a retainer agreement.


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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