The Head of Environment Strategy is accountable for the environmental strategy and its implementation, it includes climate-related issues but also biodiversity, water, ressources and waste and air quality issues.
The whole ESG team (7 professionals at end-2019) is involved in the roll-out of our environmental impact metric (NEC), supported in this by fund managers and analysts.
The risk management team is responsible for the integration of climate transition risk into risk management tools and into reporting tools (monthly for SRI open-ended funds and annually for all Sycomore AuM). The risk team, together with the ESG team also works on better assessing and monitoring climate-related physical risks.
The Environmental Steering committee, which is a multi-stakeholder group of external experts reprensenting academics, NGOs, investment professionals, industrial and environmental experts, meets twice a year. In 2019, main topics discussed were about risks, environmental contribution, scenario analysis and temperatures.
Overall commitment toward the environment (as a stakeholder) and objective for Sycomore as a company are also discussed within the Purpose and Sustainable Development Committee with final decoision taken at the board level.