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Quoniam Asset Management GmbH

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]

URL

Attach document

01.4. Provide a brief overview of your organization’s approach to engagement

As an active investor, we use our influence to promote sustainable business practices and good corporate governance. To achieve this, we work closely with our service provider the Union Investment Group. To facilitate this, we have the same engagement politic as our parent company, which has developed its own guidelines in the area of securities investment. They are implemented through dialogue with companies and by voting in line with the guidelines at general meetings

01.5. Additional information [optional]

As a responsible, proactive asset manager, we maintain a constructive dialogue with the companies in which we invest. Our goal is to actively influence these companies with regard to their environmental, social and corporate governance (ESG) practices, thereby helping to improve the sustainability of their actions and increasing their enterprise value in the long term. To achieve this, we work closely with other companies in the Union Investment Group, who is hired as our service provider. First of all, this brings the advantage of participating with a unique “voice” within the Union Investment group. Besides, we have access to a dedicated team and communicate in an uncomplicated environmental.     

Engagement is implemented through dialogue with companies via their engagement platform, UniVoice, and by voting in line with the guidelines at general meetings.

The engagement approach essentially consists of three stages: pre-engagement, actual engagement and post-engagement .

The pre-engagement stage and associated research lay the groundwork and detect any problem areas for our service provider engagement activities. In this stage, a group of professionals analyze and discussed the sustainability and weakness associated with the companies based on several research sources and the expertise of 42 sector analysts within the Union Investment.

 

In the engagement stage, a combination of constructive dialogue with companies (UnionVoice) and the exercising of our voting rights at annual general meetings (UnionVote) takes place.

 

These activities are accompanied by intensive global sustain ability research and studies on sustainability/engagement issues aimed at institutional investors.

 

Issues that are regularly addressed by our service provider at annual general meetings include:

• Corporate governance

• Corporate Actions

• investment performance

• controversial shareholdings

• CO2 emissions and the switch to renewable energy sources

• environmental issues

• social standards

• diversity

 

The post-engagement process has a long time horizon, with results sometimes only becoming apparent after months or years. The engagement activities and their results are therefore evaluated at regular intervals. In terms of taking consequences for a company, It is not out of the question for engagement activities that have already been undertaken to be re-evaluated. If we are not satisfied with the responses and actions of certain companies in spite of our repeated engagement, the ESG committee can systematically exclude those companies from the investment universe.


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


Process

Process for engagements conducted with/on your behalf by service providers

LEA 07. Role in engagement process

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

07.1. Indicate if you play a role in the engagement process that your service provider conducts on your behalf.

07.2. Indicate the role(s) you play in engagements that your service provider conducts on your behalf.

07.3. Additional information. [Optional]

For the mandates which we are instructed, we engage through our service provider. We engage in several Environmental, Social and Goverance themes: e.g. we have the objective to  improve environmental data by taking part in the CDP and disclosing relevant KPIs, We encourage company to answer the CDP questionnaire. We also encourage companies to have an independent mangement board and we also encourage companies in several social themes such as labor practices, human rights and to sign of the UN global compact.

 


LEA 08. Monitor / discuss service provider information

08.1. Indicate whether you monitor and/or discuss the following information provided to you by your service provider

Please select all that apply

08.2. Additional information. [Optional]

We have a quarterly report on engagement activities provided by our service provider and we have a regular meeting to discuss the quality of the service 


General processes for all three groups of engagers

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


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

Service provider engagements

10.2. Additional information. [OPTIONAL]

We receive a quarterly report and an annual report with all engagement activities. 


Outputs and outcomes

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


LEA 12. Engagement methods (Private)


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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