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Insight Investment

PRI reporting framework 2017

Basic Information [OO 01 - 09] Gateway asset class implementation indicators [OO 10 - 12]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Implementation not in other modules [SG 12 - 16] Innovation [SG 17]

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

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

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Principles for Responsible Investment

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AFIC – La Commission ESG

Asian Corporate Governance Association

Australian Council of Superannuation Investors

BVCA – Responsible Investment Advisory Board

CDP Climate Change

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CDP Forests

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CDP Water

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CFA Institute Centre for Financial Market Integrity

Code for Responsible Investment in SA (CRISA)

Code for Responsible Finance in the 21st Century

Council of Institutional Investors (CII)

ESG Research Australia

Eumedion

EVCA – Responsible Investment Roundtable

Extractive Industries Transparency Initiative (EITI)

Global Investors Governance Network (GIGN)

Global Impact Investing Network (GIIN)

Global Real Estate Sustainability Benchmark (GRESB)

Green Bond Principles

Institutional Investors Group on Climate Change (IIGCC)

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Interfaith Center on Corporate Responsibility (ICCR)

International Corporate Governance Network (ICGN)

Investor Group on Climate Change, Australia/New Zealand (IGCC)

International Integrated Reporting Council (IIRC)

Investor Network on Climate Risk (INCR)/CERES

Local Authority Pension Fund Forum

Principles for Sustainable Insurance

Regional or National Social Investment Forums (e.g. UKSIF, Eurosif, ASRIA, RIAA), specify

          Member of UKSIF

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Responsible Finance Principles in Inclusive Finance

Shareholder Association for Research and Education (Share)

United Nations Environmental Program Finance Initiative (UNEP FI)

United Nations Global Compact

Other collaborative organisation/initiative, specify

          IASB Financial Reporting programme

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Since joining the IASB programme, Insight has benefitted from investor education sessions on changes to the IFRS accounting standards, such as IFRS 16 (valuation of leases) and IFRS 15 (revenue recognition).

We have contributed to projects on the following:

Examining the purpose, structure and content of primary financial statements. We assisted the IASB in determining the direction of the project, and particularly how to enhance the Statement of Profit or Loss, Statement of Cash Flows, and Statement of Financial Position. In particular we pushed for a new subtotal for EBITDA and standardisation of cash flow presentation. Both these would help protect investors from management adjustments to reported figures.
Cash disclosures. Specifically, we pushed for proper disclosure of where cash is held; restrictions on moving cash; and full details of revolving credit facilities, both drawn and undrawn. Understading liquidity is critical to credit analysis, therefore we have been very vocal on this. The project recently concluded with no proposed changes to the existing standard, and we are therefore seeking to lobby again on the issue, and understand why the IASB decided not to proceed with any changes.

Other collaborative organisation/initiative, specify

SG 10. Promoting RI independently (Not Completed)

SG 11. Dialogue with public policy makers or standard setters (Private)

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