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First Sentier Investors (including First State Investments)

PRI reporting framework 2016

Export Public Responses

You are in Strategy and Governance » Responsible investment policy

Responsible investment policy

SG 01. RI policy and coverage

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate what norms have you used to develop your RI policy.

other (1) description


other (2) description

          Financial Services Council Standards (Australia)

other (3) description

          Global Reporting Initiative’s G4 Guidelines
Oslo and Ottawa Conventions (Cluster Munitions and Land mines)

01.4. Provide a brief description of the key elements of your investment policy that covers your responsible investment approach [Optional].

Our RI Policies include:

  • Global Stewardship Principles
  • Guidelines and principles for corporate engagement on governance, environmental and social issues
  • Policy on cluster munitions and anti-personnel mines
  • Direct Infrastructure corporate engagement guidelines summary
  • Responsible investment policy statement 

Our RI Policies commit us to: 

  • Acting as good stewards of our clients' capital by putting their interests before our own and managing any conflicts of interests;
  • Integrating ESG considerations into our investment, ownership and engagement policies and procedures;
  • Engaging with companies in which we invest, or are considering for investment, with regard to their ESG risk management strategies, performance, disclosure and management capabilities; 
  • Encouraging the entities in which we invest to improve and report on their ESG performance in keeping with emerging best practice;
  • Voting on all shares where we have the authority to do so;
  • A pohibition on investments in the manufacturers of landmines and cluster munitions;
  • Promoting responsible investment by playing an active part in relevant debates, policy consultations and in the global network of investors who face similar ESG integration challenges; 
  • Managing and reporting annually on our own ESG performance in keeping with emerging best practice. We will also submit annual reviews to the UN PRI on our progress.   

01.5. Additional information [Optional].


As a global organisation with fourteen different investment teams, incorporating principles of responsible asset management requires strong governance and leadership support, sophisticated management systems, and a commitment to continuous improvement.


Quality - High quality investment practices and processes
Engaged - Culture which supports principles of stewardship and responsibility. Strong RI knowledge and skills
Stewardship - Strong client focus and long-term relationships. Global and local industry voice.

These strategic pillars are designed to cultivate the environment, level of focus and support needed to have an organisation which:

  • Continually strives for improved practices in ESG integration;
  • Has robust methods for understanding and measuring the impacts and implications of our investment decisions and ownership practices;
  • Monitors, measures and transparently reports on our progress;
  • Has a visible focus on working with our clients on their issues and areas of interest;
  • Strongly supports industry collaborations which contribute to the development of sustainable capital markets; and
  • Engages our employees globally in our responsible investment work.

The strategy is underpinned by a strong governance framework. Our RI governance framework includes the following elements:

  • A global responsible investment committee chaired by the CEO and including senior leaders and key influencers from across the organisation;
  • An independent RI team are responsible for the integrity of our RI framework and governance, and supporting the investment teams in meeting the spirit as well as the letter of our RI policies and goals;
  • An RI representative in each of our investment teams who plays a key governance role by representing their teams on internal working groups, reporting on team progress, contributing to thought leadership and new approaches to addressing ESG risks and opportunities, and communicating developments back to their teams.

Each year we report on our progress, providing evidence of how we are delivering our RI objectives and the investment outcomes that flow from it.

SG 02. Publicly available RI policy or guidance documents

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide URL and an attachment of the document.

02.2. Additional information [Optional].

All of our policies and reporting can be accesses on our website at: 

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Conflicts of interest may arise from time to time in the course of our business activities. At all times the interests of our clients are put first and we are committed to implementing the highest standards of governance and control. In recognition of this, FSI maintains and implements a conflicts of interest policy.

Our conflicts of interest policy sets out how FSI define, record, monitor, escalate and resolve potential conflicts. Our conflicts of interest policy is available at in the About Us > Policies section of the website.

03.3. Additional information. [Optional]