SPF has a well-developed Responsible Investment strategy based firmly on the UNPrinciples for Responsible Investment (PRI) The SPF strategy is to be an active and activist investor. Key elements are active engagement with companies to hold them to account; collaboration with other investors to improve corporate governance and company behaviour; and active investment in projects with a positive environmental, social or local impact. Activity spans a very wide range of concerns including labour rights, living wage, worker safety, executive remuneration, endangered species, child labour, water rights, and farm animal welfare. The current development focus is on carbon reduction.
LAPFF’s engagement approach is based on the following core principles:
Company engagement is conducted on the basis of reputational risk and long-term value for shareholders.
Engagement seeks to improve the performance of laggard companies while also striving to acknowledge and encourage companies that are leaders.
The Forum seeks to understand the company perspective on controversial issues before suggesting opportunities to improve governance or corporate responsibility practices.
All engagement meeting notes and company correspondence are kept strictly confidential to allow for open and honest dialogue.
In the interest of transparency and stewardship, the Forum reports on its engagement activities quarterly and annually.