The Fund will require the service providers (investment managers) to support its engagement work in themes, sectors and companies identified by the engagement overlay provider. In that case the issues, objectives and the selection of the companies will provided to the service provider. Ther service providers are also expected to carry out engagements and other RI work on their own inititative.
SPF devotes significant resource to responsible investment activity. This includes: internal resource and expertise; dedicated resource within the Fund’s external investment managers; retention of Global Engagement Services (GES)
As a LAPFF member, we have an opportunity 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, our fund is able to participate directly in engagement meetings with companies.