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ERAFP - Etablissement de Retraite Additionnelle de la Fonction Publique Pension Scheme

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Outputs and outcomes

Outputs and outcomes

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

11.1. Indicate the amount of your listed equities portfolio with which your organisation engaged during the reporting year.

Number of companies engaged

(avoid double counting, see explanatory notes)

Proportion (to the nearest 5%)
Specify the basis on which this percentage is calculated

Individual / Internal staff engagements

180 Number of companies engaged
60 Proportion (to the nearest 5%)

Specify the basis on which this percentage is calculated

Collaborative engagements

32
13 Proportion (to the nearest 5%)

Specify the basis on which this percentage is calculated

11.2. Indicate the proportion of engagements that involved multiple, substantive and detailed discussions or interactions with a company during the reporting year relating to ESG issue.

Type of engagement

% Comprehensive engagements

 

 

Individual / Internal staff engagements

 

 

Collaborative engagements

11.3. Indicate the percentage of your collaborative engagements for which you were a leading organisation during the reporting year.

Type of engagement

% Leading role

 

 

Collaborative engagements

11.5. Additional information. [Optional]


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

14.1. Indicate whether you track the number of cases during the reporting year where a company changed its practices, or made a formal commitment to do so, following your organisation’s and/or your service provider's engagement activities.

14.2. Indicate the number of companies that changed or committed to change in the reporting year following your organisation’s and/or your service provider's engagement activities.

Number of company changes or commitments to change

Individual / Internal staff engagements

66

Collaborative engagements

10

14.3. Additional information [Optional].


LEA 15. Examples of ESG engagements

15.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

Topic or ESG issue
          Climate Change
        
Conducted by
Objectives

Our objective is to make sure that the companies we target have implemented a robust strategies for a transition to a low carbon economy

Scope and Process

We are leading investor of the IIGCC-led initiative /corporate programme on utilities sector and are the leading investor with three companies. The engagement initiative started in early 2015 and we had discussions with three companies.

In 2016, the engagement initiative published a guide “Investor Expectations of Electric Utilities Companies/ Looking down the line at carbon asset risk”. This document sets out guidance for constructive engagement by investors with the boards and management of electric utilities. We have sent this guide to the three companies and we had a call with one of them to get its feedback on the guide.

Outcomes

Progress will be measured mainly when their annual report is published as disclosure was seen as an area for improvement.

Topic or ESG issue
          Social standards in the supply chain for agricultural sector
        
Conducted by
Objectives

Our objective is improved company practices and enhanced company disclosure regarding the social dimension of the agricultural sector's supply chain.

Scope and Process

We are leading investor with one company. In 2016, we had a call with the company. 

Outcomes

Progress will be measured mainly when their annual report is published as disclosure was seen as an area for improvement.

Topic or ESG issue
          oil and gas activity in the Artic high seas
        
Conducted by
Objectives

To seek an unlimited moratorium on oil and gas activity in the artic high seas

Scope and Process

ERAFP, with three other investors, leads an investment group of 19 investors in a statement relating to oil and gas exploration in the Arctic. This statement was directed to oil and gas companies that have been involved in oil exploration in the Arctic, as well as Arctic Council members. It was an urgent call to protect the Arctic from future oil exploration activities and align national climate change pledges with the future of the region, which hosts significant hydrocarbon resources.

This statement is a part of ERAFP's involvement in an engagement platform related to offshore oil drilling in the Arctic specifically targeting 6 companies with exploration licenses in offshore Arctic waters.

Outcomes

2 companies have answered or planned to answer to our statement and are opened for further discussion. We have sent 4 follow-up letters for other companies that have not answered or whose answer was not enough convincing.

15.2. Additional information. [Optional]


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