We are active in the PRI Clearinghouse and monitor engagements underway. Likewise, through our other member organisations we are informed of and linked in to collaborative initiatives.
When deciding whether to undertake a collaborative engagement, the RI team will first review the proposed engagement in the context of our RI policy and approach, as well as our exposure to the issue or company. A decision will then be taken within the team and where relevant with the appropriate equity desk or analysts to join the initiative. As described in LEA 04.05, matters may be escalated internally prior to initiating an engagement.
We will only join initiatives where the interests of our clients are aligned with the wider group and there is a common purpose. An example of a collaborative engagement which may not be as high profile include CDP initiatives; the outcome of which will be to increase availability of data, enhance transparency and encourage companies.
This year, we have continued to be a member of the steering group and a lead investor in PRI's employee relations, human rights, water risks and as part of the Sustainable Stock Exchange initiative. We are also part of the conversation around supporting productivity with long-term capital and part of a number of other engagements focusing on accounting and capital authorities.