Page 16 | RPIA SUSTAINABILITY REPORT 2024
ESG INTEGRATION
OVERVIEW
SUSTAINABILITY
CULTURE & VALUES
Oversight and Accountability
Our ESG policy is applicable to all RPIA employees as it relates to their role within the firm and our commitment to responsible investment is overseen by the firm’s Investment Committee, ESG Steering Committee, and Risk Committee, and supported by each of the firm’s Principals.
ESG Steering Committee
Investment Committee
The ESG Steering Committee is a cross-functional body comprising senior designees from different business units. The Committee’s goal is to evolve and guide RPIA’s approach to ESG, as applied to the firm’s operations and corporate culture. When reasonable, the Committee will also exercise oversight of the firm’s investment practices where alignment between the firm and our commitment and disclosures provided to United Nations Principles of Responsible Investing (UNPRI) is needed. The ESG Steering Committee provides strategic oversight of the firm’s ESG Policy as necessary, reviews and approves ESG related disclosures prepared for industry organizations; reviews and approves RPIA’s association or membership with industry organizations or initiatives that aim to promote ESG; reviews and approves RPIA’s direct or indirect engagement with policy makers with respect to ESG and sustainable investment; and champions improvement on RPIA’s ESG related commitments.
The Investment Committee consists of experienced investment professionals from the Portfolio Management and Risk Teams. The Investment Committee reviews material ESG risks identified by the Portfolio Management Team when appropriate or required. The Co-Chief Investment Officers and Head of Credit Research are members of the Investment Committee.
Principals
Within the scope of the Advisory, Executive, and Management Committees, Principals ratify long-term strategic goals for the firm. Supplementing the work done by the ESG Steering Committee, Principals have a responsibility to oversee that the firm follows its ESG philosophy and aligns itself with industry best practices. Principals direct firm strategy, and as part of this, how RPIA considers its approach to ESG, which is ultimately executed by the firm’s various committees and functional departments.
Risk Committee
The Risk Committee consists of experienced Risk and Portfolio Management team members, the Chief Risk Officer, the Chief Financial & Operating Officer, and the Chief Compliance Officer. The Risk Committee sets limits, monitors all strategies against their risk policies, alerts the respective decision makers on any portfolio positioning that is approaching policy limits, and independently evaluates market conditions to assess evident risks.
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