We have developed an issuer engagement framework to increase transparency around our philosophy, approach and processes. The goal of our engagement is to enhance our assessment and understanding of our exposure to the risks and opportunities that may bear on the long-term value creation or sustainability of companies in our clients' portfolios. This framework also assists in the implementation of our annual engagement priorities.
While we may wish to engage with all portfolio companies, it is often not practical to do so. Accordingly, we have developed guidelines that drive most of our engagement activities, and we prioritize meetings with issuers based on our assessment of the exposure to ESG risks and opportunities that may bear on sustainability or long-term value creation for our clients.
We generally prioritize any engagement with an issuer where we have either: 1) large relative holdings over a specific, internally-determined threshold, 2) holdings of any reasonable size and the issuer security is held in one or more of our focus portfolios and/or 3) coverage of the issuer by our fundamental research analysts.