RPIA SUSTAINABILITY REPORT 2023
OVERVIEW FIRM
21
INVESTMENT MANAGEMENT
Oversight and Responsibility: ESG Governance 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. The firm’s efforts to ensure it upholds these commitments are embedded into each employee’s role. We believe that by working together, we can serve as an example to the issuers we invest in.
Investment Committee 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 Head of Credit Research is a member of the Investment Committee.
Risk Committee The Risk Committee consists of experienced Risk and Portfolio Management team members, the CFO & COO, the CCO, and risk management advisors from other functions. The Risk Committee sets risk 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. Principals Within the scope of the Advisory, Executive, and Management Committees, Principals ratify long-term strategic goals for the firm and ensure RPIA’s views on ESG-related risks are upheld across different groups. Supplementing the work done by the ESG Steering Committee, Principals ensure that the firm follows its own 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.
ESG Steering Committee
The ESG Steering Committee is a cross- functional body comprised of 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 UN PRI 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 (e.g., PRI); 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 continuous improvement on RPIA’s ESG- related commitments.
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