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Strathclyde Pension Fund

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Process


Process for engagements run internally

LEA 03. Process for identifying and prioritising engagement activities

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

03.1. 貴社内のスタッフが実行するエンゲージメント活動を特定し、優先順位を決定する正式なプロセスが貴社にあるかどうか示してください。

03.2. 貴社内のスタッフが実行するエンゲージメントを特定し、優先順位を決定する際に使用する基準を説明してください。

03.3. 補足情報。 [任意]

LEA 04. Objectives for engagement activities (Not Completed)

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. 協働的なエンゲージメントを特定し、優先順位を決定する正式なプロセスが貴社にあるかどうか示してください。

05.2. 協働的エンゲージメントを特定し、優先順位を決定する際に使用する基準を説明してください。


          As a follow-up from a voting decision

05.3. 補足情報 [任意]

The Fund is committed to a rnage of initiatives and engagement threads through its retaining of Global Engagement Services (GES). GES runs a range of thematic engagments which the Fund is committed too including water, carbon and child labour.

The LAPFF Executive Committee gathers input from the members and the primary service provider and advises on what engagement collaborations to pursue and prioritise.

Where a significant number of LAPFF funds hold a company, where LAPFF funds hold a large percentage of the company or a priority issue has been identified, LAPFF will seek to engage with the relevant company.


LEA 06. Objectives for engagement activities (Not Completed)

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. サービスプロバイダーがあなたの貴社のために実施するエンゲージメントにおいて、貴社がどのような役割を担っているのか明示してください。

07.2. サービスプロバイダーがあなたの貴社のために実施するエンゲージメントにおいて、貴社がどのような役割を担っているのか明示してください。

07.3. 補足情報。 [任意]

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.

LEA 08. Monitor / discuss service provider information

08.1. サービスプロバイダーが貴社に提供する以下の情報を監視、協議しているかどうかを記載してください。

Please select all that apply

08.2. 補足情報。

The Fund receives a quarterly and annual report on progress from GES.

The Fund recieves quarterly ESG reports from its investment managers

Our fund monitors the progress of LAPFF on the topics listed above by means of the quarterly Business Meeting

General processes for all three groups of engagers

LEA 09. Share insights from engagements with internal/external managers

09.1. エンゲージメントから得た考察を、貴社内の運用担当者や貴社外の運用会社と共有しているかどうかを記載してください。





09.2. 補足情報。[任意]

The investment managers are partners in the GES lead collaborative engagement and have full access to the GES research and engagement outcomes. The managers are kept informed of engagement work carried out directly by GES and are expected to monitor the quarterly Fund RI reports to understand the full picture.

Officers of the Fund and GES meet with each investment manager semi annually to discuss portfolio monitoring of global compact norm breaches, engagements, voting and ESG integration in the investment process.

LEA 10. Tracking number of engagements

10.1. 貴社がエンゲージメントしている企業の数を追跡しているかどうかを記載してください。




10.2. 補足情報。[任意]

The investment managers provide full and detailed quarterly reports of the engagement work undertaken with the Fund's portfolio companies. The engagements are then reported through the Funds RI reporting. The GES engagement model follows a systematic and structured process. GES also provide a dedicated engagement progress report on a quarterly basis. The GES annual engagement progress report provides a table of target companies with information on the previous years engagement and the state of progress. Officers report in detail all their engagement work through the Fund's quarterly RI reports.

LAPFF tracks the number of companies that it engages with directly and reports this quarterly as well as annually. All incoming and outgoing correspondence as well as all meetings and phone calls with companies are saved and recorded, allowing LAPFF to  provide accurate and comparable statistics on number and type of engagements year on year.

For collaborative engagements, LAPFF endeavors to track how many companies it reaches. However, the number of companies where the number of companies contacted numbers into the hundreds in a collaborative engagement is not systematically tracked.