Madison’s commitment to sound governance practices permeates all areas of operation, including the execution of its ESG program. Madison’s policies are reviewed on an annual basis to reflect process updates and ensure alignment with industry best practices. Madison team members are encouraged to formally document all policies and procedures, in partnership with the Compliance team.
Madison’s Risk Management strategy and responsibility has typically laid with the Executive Management team, who reviewed risk items at periodic executive management meetings. However, as of May 2023, Madison’s first Risk Management Committee was formed to enhance Madison’s risk management practices and oversight. The Risk Management Committee is chaired by Mark Schein, Chief Operating Officer and General Counsel at Madison, with representation from key members of each department.
Madison’s compliance team oversees all reporting and disclosures to ensure transparency, accuracy, and consistency. Employees receive detailed compliance training and are expected to monitor and help enforce adherence to the compliance manual and to the investment objectives, policies and restrictions of its investment vehicles.
Madison established ESG and Social Impact Committees in 2020 to help lead the ESG program development and advance the Social Impact program. The committees meet quarterly to review existing initiatives, identify opportunities for development, and discuss the programs’ impacts. Subcommittees are established on an as needed basis for individual project implementation oversight.
Madison’s commitment to ESG and responsible investing is upheld by our ESG Policy and investment process documents. These are periodically reviewed and updated by our team of dedicated senior professionals to help ensure we stay at the forefront of new initiatives.
Madison aligns with leading ESG industry frameworks to ensure best practices in ESG integration and transparency, and reporting are followed.
*While Madison may consider ESG factors when making an investment decision, it does not pursue an ESG-based investment strategy or limit its investments to those that meet specific ESG criteria or standards. Any reference herein to environmental or social considerations is not intended to qualify our duty to maximize risk-adjusted returns.