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Shell Contributory Pension Fund

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement

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

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)


Process

Process for engagements conducted with/on your behalf by service providers

LEA 07. Role in engagement process

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

07.1. Indicate if you play a role in the engagement process that your service provider conducts on your behalf.

07.2. Indicate the role(s) you play in engagements that your service provider conducts on your behalf.

          We actively monitor and review the activities of our service provider Hermes EOA through quarterly calls or meetings and regular reports.
        

07.3. Additional information. [Optional]


LEA 08. Monitor / discuss service provider information

08.1. Indicate whether you monitor and/or discuss the following information provided to you by your service provider

Please select all that apply

08.2. Additional information. [Optional]


General processes for all three groups of engagers

LEA 09. Share insights from engagements with internal/external managers (Not Completed)


LEA 10. Tracking number of engagements

10.1. Indicate if you track the number of engagements your organisation participates in.

Type of engagement
Tracking engagements

Service provider engagements

10.2. Additional information. [OPTIONAL]

Hermes EOS' regular reporting provides full disclosure on the number of engagements conducted on our behalf.


Outputs and outcomes

LEA 11. Number of companies engaged with, intensity of engagement and effort (Private)


LEA 12. Engagement methods (Not Completed)


LEA 13. Engagements on E, S and/or G issues (Not Applicable)


LEA 14. Companies changing practices / behaviour following engagement (Not Completed)


LEA 15. Examples of ESG engagements (Not Completed)


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