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HSBC Global Asset Management

PRI reporting framework 2017

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

In 2015 we set up a quarterly Global ESG Oversight Forum chaired by the Global CIO and comprising many of the most senior members of the Investment Function: Global CIO Equities, Global CIO Fixed Income, Global Head of Credit Research, Global Head of Corporate Governance, Global Head of ESG Research, Deputy CIO Equities and UK CIO. The purpose of this Forum is specifically to oversee our progress in implementing Stewardship and ESG integration.  It is also responsible for providing investment function endorsement of our yearly submission to the PRI survey.

SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Increasing number of companies engaged and upgrading our engagement framework

Progress achieved

Thanks to the hiring of an additional 2 dedicated staff, we have substantially increased the number of companies we have engaged on our own and also collectively, alongside other investors, through collaborative engagements. In addition our process has been re-written and subsequently endorsed by the Global CIO.

Key performance indicator

          Systematise pre investment ESG assessment

Progress achieved

All internal company-level research document have now an ESG section. This applies to both corporate bonds and equities. All these documents are made available via our various front office tools: Corp Red for fixed income, Visualiser and Bloomberg Port for Equities.

          Carbon strategy

Key performance indicator

          Position carbon as an important investment criterion

Progress achieved

Subsequent to our signature of the Montreal pledge, we have published carbon footprint reporting for our entire Equities franchise.

Financial performance of investments

ESG characteristics of investments

Other activities

Key performance indicator

          Contributing to collaborative engagement initiatives

Progress achieved

We have contributed to engagement campaigns hosted by the PRI clearinghouse   

other description (1)

          Increase engagement activities to improve responsible investment approach to passive equity holdings

Key performance indicator

          Number of companies engaged

Progress achieved

We have substantially increased the number of companies we have engaged on our own - as part of our investment due diligence - and also collectively, alongside other investors, through collaborative engagements.

06.2. Additional information.