The Board has constituted three sub-committees, namely, the “Audit and Risk Committee”, the “Social, Ethics and Transformation Committee” and the “Remuneration and Nominations Committee”. The Social, Ethics and Transformation Committee’s general mandate is to assist the Board in discharging its duties relating to the reviewing and approving of policy, strategy and structure to manage transformation, social and ethics issues in the company. The Committee’s objective is to ensure that high ethical standards are applied in all areas of the business. The Committee oversees the monitoring, implementation, assessment and measurement of the company’s activities in the following key areas: Ethics and conduct; Environmental, social and governance; Transformation; Human resource development; Enterprise development; and Corporate social investment. The Committee relies on management for the implementation of strategies and initiatives, of which the primary contributors are the Executive Committee, transformation task team, employment equity and corporate social investment committees.
The Head of Equity Research, Chief Investment Officer (CIO) and lead portfolio managers oversee ESG integration in the investment process. The responsibility to identify and evaluate the impact on the stock valuation resides with the analyst covering the particular stock. We therefore have very significant staffing allocated to the analysis and evaluation of ESG risks. All significant matters are reviewed by the most senior members of the investment team. There is a dedicated resource 'ESG analyst' who supports the company analysts in researching relevant material for each companies own ESG challenges
Our investment team has been remarkably stable, and we are privileged to have a large and experienced group of professionals with a deep knowledge of industries and asset classes across multiple geographies. We believe our investment strategies and people benefit from a culture that encourages individuals to challenge one another on a wide range of biases and assumptions, every day.