Carmignac practices two levels of engagement, through its voting policy with globally renown, voting service provider ISS, and through the engagements our PMs and analysts may have during due diligences regarding E S and G issues, or as particular controversies arise.
Since 2015 with the cooperation of ISS we have raised our level of voting participation to 40%. Our Emerging markets funds target in 2017 is 80% participation rate
Regarding portfolio manager engagements, we have followed UNPRIs recommendations in 2016, by setting up a registry for written engagements so that they can be tracked and are transparent. These engagements are tagged inside our research data base called Tamale.