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RBC Global Asset Management

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Process » Process for engagements conducted via collaborations

Process for engagements conducted via collaborations

LEA 05. Process for identifying and prioritising collaborative engagement

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

05.1. Indicate whether your organisation has a formal process for identifying and prioritising collaborative engagements

05.2. Describe the criteria used to identify and prioritise collaborative engagements

05.3. Additional information [Optional]

RBC GAM is an active member of the Canadian Coalition for Good Governance (CCGG), a member-based organization that collectively engages with Canadian public companies regarding governance issues on behalf of its members. CCGG reaches out to its members for input on companies where engagement on governance issues would be warranted. Prior to an engagement, CCGG asks members whether there are any specific issues they would like addressed.

RBC GAM's Chief Investment Officer is the current Vice-Chair and immediate-former Chair of CCGG and RBC GAM is a very active participant in these collaborative engagements.

We are also open to participating in other collaborative engagements with like-minded shareholders. For instance, the Global Access to Nutrition Index's (ATNI) reports demonstrate slow movement by food and beverage manufacturers in regards to nutrition-related commitments, practices and performance. Having formally supported the ATNI's initiatives, we committed to join other asset managers and owners in engaging with food and beverage companies on these issues to improve nutrition policies, practices and disclosure across the industry. 

A member of the CGRI team also sits on the UN PRI Cyber Security Committee that is building an engagement project focused on cybersecurity risks and opportunities at public companies.

LEA 06. Objectives for engagement activities

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

06.1. Indicate if you define specific objectives for your engagement activities carried out collaboratively.

06.2. Indicate if you monitor the actions companies take following your collaborative engagements.

06.3. Indicate whether your organisation defines milestones and goals related to engagement activities carried out via collaborations.

06.4. Indicate if you do any of the following to monitor and evaluate the progress of your collaborative engagement activities.

06.5. Additional information. [Optional]

CCGG always engages with companies over a 2-3 year period in order to monitor progress. Following each engagement, CCGG provides reports to members outlining the company's plan to address each ESG issue raised. In subsequent years, CCGG issues follow-up reports outlining the progress of the company.

In addition, RBC GAM will continue to track and monitor the progress of our collaborative engagements outside of the CCGG with other investors or organisations such as the PRI.