ESG (ENVIRONMENTAL SOCIAL GOVERNANCE)
ESG INTEGRATED ACROSS INVESTMENT LIFECYCLE
RESPONSIBLE INVESTMENT STRATEGY
- Differentiated at i) platform and ii) Fund level, and iii) integrated throughout the investment cycle.
- Each investment team has an ESG champion in charge of implementing appropriate procedures.
- Investments are evaluated by the ESG Committee which offers advice and recommendations to the Board of Directors on ESG issues and ensures that the investment strategy complies with the ESG Policy.
THREE LEVELS OF GOVERNANCE
- ESG Committee: supports the Board of Directors on ESG issues. Composed of CEO, ESG Manager, CIO, CFO and Chief Risk Officer.
- ESG Manager: Promotes and coordinates the ESG activities of the SGR and its Funds.
- ESG Champion: Each investment team has a member in charge of implementing the correct responsible investment process.
INTEGRATION
- Fully-integrated ESG Management System at platform level.
- ESG factors integrated into investment procedures.
- ESG requirements embedded within Fund constitution documents.
REPORTING
- ESG reporting to LP’s integrated within fund reporting cycle.
- In accordance with the SFDR, the Portfolio Manager will monitor and evaluate a number of PAI indicators (e.g. GHG emissions, Energy consumption, Water consumption,…)
ESG GOVERNANCE
Policy for integrating the sustainability risk into the remuneration policy
Following the enforcement of Regulation (EU) 2019/2088, our remuneration policy was updated with the aim to strengthen the promotion of sound and effective risk management in relation to sustainability risks. In particular, each employee has been assigned at least one objective related to the implementation of ESG principles and relevant to their corporate function. With specific regard to managers involved in the investment process of AIFs that fall into the product categories governed by Articles 8 and 9 of EU Regulation 2019/2088, they are assigned specific objectives that integrate the risks and ESG factors relevant to the investments of each asset portfolio.