We believe in being active and responsible owners. Targeted engagement with portfolio companies on ESG issues forms an important part of our stewardship activities and our investment approach.
Building on our ESG investing approach, our engagement covers a broad range of ESG issues. Prioritization and planning are important factors in shaping our engagement objectives and activities. The decision to engage is prioritized based on several factors, including our assessment of the significance of issues to the company, the risks to our clients, relative holdings, scope to effect change, and opportunities to collaborate.
We may engage with other shareholders on issues we believe have significant implications for our clients' investments. We may engage through collaborative bodies such as PRI investor networks, or bilaterally with other shareholders. Where we do not have major holdings, but share concerns raised by other shareholders, we may choose to lend them our support and endorsement when we deem doing so to be appropriate from a regulatory and fiduciary perspective.
Our approach to engagement is one component of our Responsible Investment Policy.