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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

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

Overview

LEA 01. Description of approach to engagement

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

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Indicate what your engagement policy covers:

          our engagements are mostly based on company-specific issues, we also complete engagements on specific themes through all our investments
        

01.3. Attach or provide a URL to your engagement policy. [Optional]

01.4. Provide a brief overview of your organization’s approach to engagement

Our engagement policy is a part of our RI process according to which the meetings with the management is the most important channel for engaging and influencing. Issues discussed with the management are mostly company specific and arise from company information and our own ESG analysis. Portfolio managers follow up how companies develop their processes and activities at regular meetings, by actively following the public information and by addressing specific issues by e-mails. We specifically target the companies with low ESG scoring.  Attention is given to development of KPI´s and how successful a company is in meeting its targets. In particular we look at company's ability to set more specific targets and to incorporate ESG into their strategy and throughout the entire value chain.

We also conduct engagements on a specific theme and in these cases we engage with all the companies we have invested in, if relevant. In 2015 and 2016 we have focused on environmental issues, e.g. reporting and interpreting carbon footprint information. Late 2016 we also sent an inquiry to all the companies that according to our knowledge do not report their emission, in order to encourage them to report in the future.

01.5. Additional information [optional]


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


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