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BNP Paribas Asset Management

PRI reporting framework 2017

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You are in Direct - Listed Equity Active Ownership » Engagement

Engagement

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:

          climate change and low carbon economy
        

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

URL

Attach document


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

We consider engagement with companies as part of our duty as a responsible investor. We aim at managing a constructive dialogue with companies in order to better understand their ESG performance, to understand their action plans to remediate existing ESG controversies and also to collect ESG information for more accurate analysis of their performance. In order to encourage companies to improve their practices and to promote transparency and disclosure, we undertake engagement actions either individually or collectively and through the responsible exercise of our voting rights as a shareholder.

Beyond engaging with issuers we invests in on behalf of our clients, we aim at being an important actor of the ESG space, deploying our resources across several and wide-ranging initiatives, generally involving a public communication and disclosure of specific commitments. Such initiatives include:

  • Liaising with several key stakeholders, including notably the research and academic world, to foster innovative and effective thought-process.
  • Actively promoting the efficient management of environmental issues, proposing innovative ideas to leading policy makers and contributing to the development of impact investing.

 

 

01.5. Additional information [optional]


LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual/Internal staff engagements

          compliance with BNPP IP minimum ESG standards (Global Compact and sector policies)  + engagement on corporate governance as part of our proxy voting policy
        

Collaborative engagements

Service provider engagements

02.2. Additional information. [Optional]

 

 

 


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. Indicate whether your organisation has a formal process for identifying and prioritising engagement activities carried out by internal staff.

03.2. Describe the criteria used to identify and prioritise engagement activities carried out by internal staff.

03.3. Additional information. [Optional]

In 2016, the key areas of our engagement activity were:

Climate change and transition to a low-carbon economy

  • Real Estate and building sector: Energy Efficiency - financing the transition to a low-carbon economy
  • CO2 and energy consmption reporting
  • Energy Sector: Carbon asset risk, Fracking fluids in hydraulic fracking, Artic exploration
  • Sustainable Agriculture: Environmental impacts in food supply chains

 

Social topics

  • Pharmaceuticals: Clinical trials transparency, Access to Medicine
  • Food Value Chain: Labour Standards, Access to Nutrition, Sustainable Agricultural supply chains, Farm animal welfare
  • Textile, apparel and luxury: Labour standards, H&S in supply chains, Accord on Fire and Building Safety for Bangladesh, Animal welfare

 

Governance topics

  • Executive pay
  • Bribery and corruption
  • Director nomination process

 


LEA 04. Objectives for engagement activities

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

04.1. Indicate if you define specific objectives for your engagement activities.

04.2. Indicate if you monitor the actions that companies take following your engagements.

04.3. Indicate whether your organisation defines milestones and goals for engagement activities carried out by internal staff.

04.4. Indicate if you do any of the following to monitor and evaluate the progress of your engagement activities carried out by internal staff.

04.5. Additional information. [Optional]


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. Indicate whether your organisation has a formal process for identifying and prioritising collaborative engagements

05.2. Describe the criteria used to identify and prioritise collaborative engagements

05.3. Additional information [Optional]


LEA 06. Objectives for engagement activities

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

06.1. Indicate if you define specific objectives for your engagement activities carried out collaboratively.

06.2. Indicate if you monitor the actions companies take following your collaborative engagements.

06.3. Indicate whether your organisation defines milestones and goals related to engagement activities carried out via collaborations.

06.4. Indicate if you do any of the following to monitor and evaluate the progress of your collaborative engagement activities.

06.5. Additional information. [Optional]


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. Indicate if you track the number of engagements your organisation participates in.

Type of engagement
Tracking engagements

Individual / Internal staff engagements

Collaborative engagements

10.2. Additional information. [OPTIONAL]

We keep a detailed file for all engagements. We also receive detailed updates on our collaborative engagements focused on concrete asks. As explained above, there are several individual and collective engagements that are less focused on a 'one off demand' and that are more long term (e.g. the Access to Medicine index) or that are related to public policy. For these engagements we do not keep such a detailed record. We see it as part of our continuous engagement.


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 (Private)


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


LEA 15. Examples of ESG engagements (Private)


Communication

LEA 16. Disclosure of approach to ESG engagements

16.1. Indicate whether your organisation proactively discloses information on its engagements.

16.5. Indicate what engagement information your organisation proactively discloses to clients/beneficiaries.

Engagement information disclosed

16.6. Indicate how frequently you typically report engagements information

16.8. Additional information. [Optional]


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