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Sycomore Asset Management

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Overview


LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Indicate what your engagement policy covers:

01.3. Attach or provide a URL to your engagement policy. [Optional]

01.4. Provide a brief overview of your organization’s approach to engagement

Sycomore AM is convinced that engaging with the companies it invests in is mutually beneficial as it will create value for the company and its stakeholders. While in an engagement meeting investors share ESG best practice and help make the business case for sustainability, companies hear different views on the sustainability rationale for their business. A successful engagement outcome is when both parties feel empowered with a clear sustainability roadmap and key milestones for a more sustainable future.

Sycomore AM will:

- Engage with companies in its portfolios to better understand their ESG risks and opportunities;

- Encourage companies to publish their ESG strategies, policies and performances;

- Encourage companies to be as transparent as possible following particularly poor performances or a controversy, and to take corrective actions without delay;

- Vote at general meetings of all companies it holds, ask questions, oppose or support shareholder resolutions as necessary;

- Sell a stock in case there is no ESG improvement for companies held in SRI funds.

However, Sycomore AM will not:

- Try to get involved in defining the company strategy or in the day-to-day running of the business;

- Ask for a seat on the board.

01.5. Additional information [optional]

LEA 02. Reasoning for interaction on ESG issues (Not Completed)