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Perpetual Investments

PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

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

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

PERPETUAL INVESTMENTS RESPONSIBLE INVESTMENT POLICY

The policy sets out Perpetual Investments' approach and expectations for considering ESG factors in our investment decision-making and ownership practices.

It is our policy that, to the extent that information is available, investment managers should incorporate ESG issues into investment analysis and decision-making.

Our duty to our clients requires us to seek the best risk-adjusted investment returns over specified time periods. We satisfy this obligation by focusing on both the quality and value of possible investments. For us, the consideration of ESG factors does not include making ethical or moral judgements on particular practices or issues. Instead, when deciding whether to buy, retain or sell an investment, our investment managers consider those ESG risks that are relevant to the current or future value of the investment.

It is our policy that investment managers have a duty to use their influence as a shareholder (i.e. in equity strategies) in order to achieve better investment outcomes over the long term (i.e. engagement).

To demonstrate our commitment to responsible investment, we became a signatory to the PRI on 21 October 2009.

Our Responsible Investment Policy can be found at:

https://www.perpetual.com.au/~/media/Perpetual/PDF/Shareholders/Responsible-Investing-Policy.ashx?la=en

Also see our CORPORATE GOVERNANCE AND PROXY VOTING POLICY:

https://www.perpetual.com.au/~/media/Perpetual/PDF/Shareholders/Proxy-voting-policy-flyer-wl.ashx?la=en

 


SG 02. Publicly available RI policy or guidance documents (Not Completed)


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.

Our two policies are:

  • Conflicts of Interest - Corporate. Arises when Perpetual has competing interests or duties which may interfere with its ability to objectively perform a duty or service, exercise a discretion or make a decision. Expressed another way, a Conflict of Interest is likely to occur when some or all of the interests of clients are inconsistent with or diverge from the interests of Perpetual.

  • Conflicts of Interest - Personal. Arises when an Employee in a personal capacity has competing interests or duties which may interfere with their ability to objectively perform a duty or service, exercise a discretion or make a decision. Expressed another way, a personal Conflict of Interest is likely to occur when some or all of the interests of Perpetual or its clients are inconsistent with or diverge from the interests of the Employee.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

          Like any material incident, the implications of any ESG incident, including the resulting stock price move, are considered in light of our investment thesis for the stock. Management of the incident may include company contact and engagement and external communication (i.e. to clients, etc.). Any subsequent changes to our portfolios (buy, sell or hold) that result from the above will be the decision of our portfolio managers.
        

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