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Montpensier Finance

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

Universe :

The list of companies on which our portfolio managers are encouraged to focus is composed of companies with a low rating or hampered by a controversy. In practice, companies with a BB rating and below or with a “Red” controversy are targeted.

Engagement approach :

Montpensier’s teams are invited to raise any issues with companies, especially when ESG considerations seems insufficiently or inappropriately addressed.

Teams will then have a positive and constructive dialogue with the aforementioned companies. This dialogue can take the form of direct contacts with the company management as well as sending voting intentions before the annual general meeting.

The objective is both to encourage companies to set up a proactive ESG approach and to better communicate on these topics.

Follow-up :

When an engagement action is started, the issues raised are followed over time (at least 1 year) and the evolution of the issues and eventual corrective actions are evaluated. Montpensier’s teams periodically conduct reassessment of the issues raised and of the improvements noticed.

If a company fail to demonstrate any improvement or positive approach on the issues raised, actions undertaken can go as far as the partial or complete sale of the investment.

01.5. Additional information [optional]


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


Process

Process for engagements run internally

LEA 03. Process for identifying and prioritising engagement activities

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

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagement activities carried out by internal staff.

03.2. Describe the criteria used to identify and prioritise engagement activities carried out by internal staff.

03.3. Additional information. [Optional]


LEA 04. Objectives for engagement activities (Not Completed)


General processes for all three groups of engagers

LEA 09. Share insights from engagements with internal/external managers

09.1. Indicate if insights gained from your engagements are shared with your internal or external investment managers.

Type of engagement

Insights shared

Individual/Internal staff engagements

09.2. Additional information. [Optional]


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

Individual / Internal staff engagements

10.2. Additional information. [OPTIONAL]


Outputs and outcomes

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


LEA 12. Engagement methods

12.1. Indicate which of the following your engagement involved.

12.2. Additional information. [Optional]


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


LEA 14. Companies changing practices / behaviour following engagement (Private)


LEA 15. Examples of ESG engagements (Private)


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