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West Midlands Pension Fund

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Process » Process for engagements conducted with/on your behalf by service providers

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]

As a LAPFF member, the Fund has an opportunity at quarterly business meetings to suggest topics or companies for engagement. The Executive Committee makes the decision on whether or not to go forward with an engagement suggested by a LAPFF member. LAPFF’s progress is actively monitored and reviewed at each quarterly Business Meeting. In addition, the Executive Committee assesses the performance of LAPFF’s primary service provider annually.

As an organisation with a member on the LAPFF Executive Committee, the Fund's Director of Pensions participates directly in engagement meetings with companies on an ad-hoc basis.

The Fund is directly involved in engagement work through the PRI and comments on the engagement strategy with collaborating investments.

The Fund collaborates proactively with the UK Pension Fund Roundtable and other informal collective bodies on corporate engagement.

The Fund will engage directly where the opportunity to partner is not available or is not appropriate. This might be done with the aid of a consultant, but the Fund's RI Officer will play a direct role in setting the theme, objectives, business case, timeline, method, escalation steps and so on.


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]

The Fund monitors the progress of all LAPFF engagement at both meetings of the LAPFF Executive and the quarterly Business Meetings.

Additionally, engagement projects that are undertaken by the service provider (PIRC) specifically on behalf of the Fund are monitored via e-mail, telephone calls and meetings.