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Impax Asset Management

PRI reporting framework 2017

Export Public Responses

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Process

Process

LEA 18. Typical approach to (proxy) voting decisions

18.1. Indicate how you typically make your (proxy) voting decisions.

Approach

Based on

18.2. Additional information.[Optional]

Impax uses ISS’ electronic voting platform and we assess the ISS advisory recommendations for voting, however ultimately determine our voting based on our Governance Framework and company-specific ESG-analysis.

Impax’ listed equity operations, including its voting activities have been audited and received full ISAE 3402 certification (International Standards for Assurance Engagement) every year since the fiscal year ending September 30, 2012.


LEA 19. Percentage of voting recommendations reviewed (Not Applicable)


LEA 20. Confirmation of votes

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

20.1. Describe your involvement in any projects to improve the voting trail and/or to obtain vote confirmation .

          There is an increasing interaction between us and the companies (and their representatives) in ensuring voting and voting confirmation both before and after voting. We take actively part in these interactions and confirmations.
        

20.2. Additional information. [OPTIONAL]

          
        

LEA 21. Securities lending programme

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

21.1. Indicate if your organisation has a securities lending programme.

21.3. Additional information.

          Impax is currently not conducting any stock lending, however we are aware of the possible effects on proxy voting from stock lending, would our stance to stock lending change in the future.
        

LEA 22. Informing companies of the rationale of abstaining/voting against management

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

22.1. Indicate whether you or the service providers acting on your behalf raise any concerns with companies ahead of voting

22.2. Indicate whether you and/or the service provider(s) acting on your behalf, communicate the rationale to companies, when , you abstain or vote against management recommendations.

22.3. Additional information. [Optional]

We have a relatively small number of companies we vote for every year, we therefore ensure we analyse the resolutions in detail and use proxy voting as an opportunity to engage with companies.

Impax has developed a governance framework, as part of our ESG-analysis, which is driven by country-level governance rules, codes and best practice and we analyse whether companies’ governance structures deviate from local governance codes or best practise. Where companies deviate from codes and best practice, we engage with the companies and can vote against a management resolution. We always endeavour to notify a company prior to AGM, or at least afterwards if we have voted against or abstained on a resolution.


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