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Shell Contributory Pension Fund

PRI reporting framework 2017

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

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

Where concerns are raised through the monitoring processes, Hermes EOS will consider engagement. Such consideration will be based around an assessment of the likely impact of the engagement and the ultimate benefit to the value of SCPF's holding. This engagement may involve: 1) Meetings with executives and non- executive directors; 2) Discussions with the other shareholders of the company; 3) Participation in collaborative investor initiatives; 4) Submission of shareholder resolutions at general meetings as appropriate. Hermes EOS shall monitor the risk of "acting in concert" and shall warn of any such risk. Company specific engagements will normally be undertaken by Hermes EOS where it believes that 1) Engagement may prevent or limit a decrease in the value of a company's shares; 2) Engagement may lead to an increase in the value of a company's shares. Engagements may range in scope. Intensive engagements may relate to longer-term environmental, social or governance issues, which may not have immediate stock-specific benefits, for example where the company's shares are already fully valued and the intent is to preserve that value. If engagement does not lead to a satisfactory outcome, then a decision will be made whether or not to retain the investment.

01.5. Additional information [optional]


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


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