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Addenda Capital Inc.

PRI reporting framework 2018

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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. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

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

Our approach to stewardship is guided by the following principles:
- Good ESG policies, practices and performance have a positive influence on long-term corporate operating and financial performance and investment performance.
- Considering and encouraging good ESG practices will help us protect and enhance the long-term value of investments for our clients.
- Practicing stewardship will help us fulfill our duty to act in the best long-term interests of clients.
- We should monitor companies held in investment portfolios and assess new companies prior to investment.
- We should engage with investee companies to promote their long-term performance and sustainable success with the aim of protecting or enhancing value on behalf of clients.
- We should exercise all voting rights and make informed and independent voting decisions that are in the long-term interests of clients.
- Our approach must be continuously improved and we have a duty to proactively contribute to the development and promotion of stewardship practices globally.
- Cooperation with other investors and stakeholders can help us improve our approach to stewardship and increase the effectiveness of our activities.
- We should publicly disclose our stewardship policies and activities and report details to clients to enhance our accountability.

01.6. 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
Collaborative engagements
Service provider engagements

Please specify why your organisation does not engage via service providers.

We engage directly with companies or through collaborative engagements. We have not been approached by any of our service providers regarding engaging with companies. 

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]

Addenda Capital's internal staff engagements and collaborative engagements are identified and prioritized according to the materiality of the ESG issue and client exposure to the issuers. Ongoing monitoring of issuers through internal research and external research providers, monitoring of voting opportunities and monitoring of collaborative engagement opportunities yields a robust set of engagement opportunities. Materiality considerations, client exposure and resource limitations are then considered to prioritise engagement activities.


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 during and following your engagements activities carried out by internal staff.

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

04.4. 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 during and following your collaborative engagements.

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

06.4. Additional information. [Optional]


General processes for all three groups of engagers

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

09.1. Indicate if insights gained from your engagements are shared with your internal or external investment managers.

Type of engagement

Insights shared

Individual/Internal staff engagements

Collaborative engagements

09.2. Additional information. [Optional]


LEA 10. Tracking number of engagements

10.1. Indicate if you track the number of your engagement activities.

Type of engagement
Tracking engagements

Individual / Internal staff engagements

Collaborative engagements

10.2. Additional information. [OPTIONAL]


Outputs and outcomes

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


LEA 12. Engagement methods (Private)


LEA 13. Companies changing practices / behaviour following engagement (Private)


LEA 14. Examples of ESG engagements (Private)


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