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Vontobel Holding AG

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement



LEA 01. Description of approach to engagement

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

01.1. 貴社に正式なエンゲージメントポリシーがあるかどうか示してください

01.5. 補足情報 [任意]

The voting rights for all of Vontobel's sustainable investment funds and selected thematic funds are actively exercised and an active dialogue is conducted with the companies in which they invest. The Vontobel Group works with Hermes EOS (HEOS) - a leading provider of voting and engagement services - to ensure the exercising of voting rights and the cultivation of a dialogue with these companies. (

Importantly, the decision-making authority remains with Vontobel. The proposals made by HEOS with regard to voting rights and engagement are reviewed by Vontobel and can be modified or rejected. The voting and engagement guidelines followed by HEOS and Ethos were also reviewed and approved by Vontobel. (

In the case of the other Swiss and Luxembourg-domiciled investment funds managed by Vontobel Fonds Services AG and Vontobel Management S.A., the voting rights for all equity positions where the funds hold a significant stake (at least 3%) of the issuer's share capital are exercised in accordance with the corporate governance recommendations of the European Fund and Asset Management Association. In the case of equity positions held by the Swiss sustainable investment fund managed by Vontobel Fonds Services AG, research produced by HEOS is incorporated into the voting process. Vontobel Fonds Services AG has the exclusive authority to decide how the voting rights are exercised and it executes these decisions. Rules are in place defining how problematic events at the target companies are identified and assessed as well as how voting decisions are made and voting rights are exercised. The way in which voting rights are exercised for Global Change products is disclosed regularly in Voting& Engagement Reports. They also provide examples of the ongoing dialogue with companies.


Our service provider Hermes EOS engages with companies on behalf of its clients on environmental, social and ethical, governance, strategy, risk and communication issues with the goal of achieving beneficial change with respect to risk management, value creation and reputation. Engagements are objective-driven and follow a structured, milestone-driven approach. Interactions are sought at the board, senior management and specialist level, which is complemented by collaborations with other investors where appropriate. The work is carried out by a multinational team with diverse experience and skills. All company engagements are sought to be complementary to Hermes EOS' public policy, best practice and voting work.

LEA 02. Reasoning for interaction on ESG issues (Not Completed)


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。

03.3. 補足情報。 [任意]

In the mtx Global Leaders and SI boutiques, analysts are in contact with investments, as well as potential investments, in order to learn about their environmental, social and governance performance.

Building on this dialogue, we develop initial engagements where we encourage companies to improve their performance in areas which we consider to be material.

LEA 04. 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]

We actively monitor and review the activities of our service provider Hermes EOS through quarterly calls and regular reports. Hermes EOS provide a client facing portal which allows us to refer to the full history of engagement with each company and track progress. Furthermore, we give input on certain companies and issues we would like HEOS to engage on.

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。

Vontobel regularly receives reporting on the engagement activities from the service provider. Vontobel then checks the coverage of the engagement activities relative to its funds as well as the topics covered. Furthermore, Vontobel checks the progress on the different engagements.

Since 2015, the mtx Global Leaders boutique maintains an active database where engagement activities undertaken on our behalf by our service provider HEOS are tracked and monitored. This database supports analysts in better understanding the engagement activities undertaken for their investments, and supports their ESG evaluation of these investments.

General processes for all three groups of engagers

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

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]

HEOS' regular reporting provides full disclosure on the number of engagements conducted on our behalf. In the mtx Boutique, information about individual/internal staff engagements as well as engagements undertaken through our service provider are tracked through an engagement database.

Outputs and outcomes

LEA 11. Number of companies engaged with, intensity of engagement and effort (Private)

LEA 12. Engagement methods (Private)

LEA 13. Engagements on E, S and/or G issues (Not Applicable)

LEA 14. Companies changing practices / behaviour following engagement (Private)

LEA 15. Examples of ESG engagements (Private)