Sustainable business practices
Strong governance and risk culture
At Challenger, risk is everyone's business.
Culturally, risk permeates all levels of the organisation in the behaviours displayed towards the identification, discussion and mitigation of risk.
The Board and management recognise their duties and obligations to stakeholders to implement and maintain a robust system of corporate governance. Challenger believes the adoption of good corporate governance adds value to stakeholders and enhances investor confidence.
The Executive Risk Management, Work Health and Safety, Asset Liability, Diversity and Our Community Committees are responsible for progressing aspects of Challenger's sustainability strategy and providing regular updates to Senior Executives, the Board and its committees.
Challenger believes that environmental, social and governance (ESG) issues can affect the performance of investment portfolios to varying degrees across companies, sectors, regions and asset classes as well as through time.
Challenger has a Board approved Responsible Investment Policy and became a signatory to the United Nations Principles of Responsible Investment (UNPRI). This is a further step towards a framework for investment governance which has been developing over many years.
It is Challenger's policy that, to the extent that information is available, investment managers across all asset classes should incorporate ESG issues into investment analysis and decision-making. Challenger also recognises that applying the UNPRI aligns investors with the broader objectives of society.