Governance of responsible investment

At Oakley, the oversight and management of sustainability risks and opportunities are integrated at the highest levels of our organisation.

We have implemented a robust sustainability-related governance structure to establish clear lines of responsibility and accountability and enable effective decision-making.

The European Operations Executive Committee manages Oakley’s overall strategy and operations, including overseeing sustainability-related considerations. The European Operations Executive Committee receives annual updates on the progress of sustainability-related initiatives and commitments and considers the Sustainability Committee’s advice when making decisions regarding Oakley’s strategic sustainability approach. Material sustainability risks and opportunities identified outside of regular update periods are escalated as necessary through the Partner who sits in both the European Operations Executive Committee and the Sustainability Committee.

The Sustainability Committee provides senior oversight of sustainability matters and is responsible for providing guidance and recommendations to the European Operations Executive Committee in line with Oakley’s Responsible Investment Policy.

Oakley’s Group Risk Committee (GRC) is responsible for designing and implementing Oakley’s risk management framework and providing effective risk oversight subject to the ultimate oversight of the Group Board.

The GRC regularly communicates with the Sustainability Team and the European Operations Executive Committee, aiming to enable improved visibility of emerging sustainability and climate risks.

Oakley’s Investment Advisory Committee is responsible for making investment recommendations to its Investment Manager for final examination and approval. Findings from sustainability due diligence assessments are incorporated in the Investment Advisory Committee memoranda to be considered as part of the investment decision-making process.

The Investment Team is ultimately responsible for implementing the Responsible Investment Policy in collaboration with the Sustainability and Compliance teams. These teams work closely together to protect and create value through the incorporation of sustainability throughout the investment lifecycle, supporting portfolio companies and providing internal support within Oakley.

Our governance structure is designed to ensure sustainability considerations are embedded across the organisation and aims to equip Oakley's employees with both the necessary tools and training to meet the objectives of our Responsible Investment Policy.