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Perpetual Investments

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]


Attach document

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

The following policies/guidelines cover our corporate engagement activities:

  • Responsible Investment Policy
  • Corporate Governance and Proxy Voting Policy
  • Asset Management Guideline: Issues Management with Investee Companies

It is our policy that investment managers have a duty to use their influence as a shareholder/asset manager in order to achieve better investment outcomes over the long term. From an ESG perspective this means encouraging the Boards and management of investee companies to:

  • have the processes and systems in place to identify and manage relevant ESG risks and opportunities effectively;
  • be transparent, honest and accountable, which includes providing the level of disclosure necessary for informed investment decision-making; and
  • implement corporate structures and management incentives which ensure the company is managed in the long-term interests of shareholders (which includes sustainable business practices).

For equity investments our investment managers have a number of forums in which they can exercise their influence, including:

  • Expressing concerns to the company's management directly
  • Expressing concerns through the company's advisers
  • Meeting with the Chairman, senior independent director or with other independent directors to express concerns directly
  • Voting against or abstaining from voting with regard to management resolutions at shareholder's meetings
  • Engaging in 'active public intervention', and
  • Full or partial divestment.

01.5. Additional information [optional]

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