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University of Toronto Asset Management Corporation (re University of Toronto Endowment)

PRI reporting framework 2018

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. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

          The engagement policy covers our views on engagement and the ways in which we feel we can effectively participate in or support engagements.
        

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

We are committed to active ownership. This requires us to promote good corporate governance, including the exercise of shareholder voting rights. It obliges us to participate in engagement with management and boards of companies to address ESG issues. Sound corporate governance is an essential element of effective company management and long-term performance; it is essential for companies to address risk effectively.

As a member of the Canadian Coalition for Good Governance, the Pension Investment Association of Canada and the Portfolio Management Association of Canada, we endorse the positions of these bodies with respect to corporate governance as reflected in their various position statements, and we contribute to their development where possible.

We participate in formal engagement collaborations through membership, alignment or service arrangements with various organizations.

Informal collaborations involve like-minded investors coming together to advocate on matters of interest to all participants. We will participate in these wherever it is likely to be of benefit to the University.

Our engagement service provider's approach is based on constructive and confidential company dialogue and on building a relationship of trust, where over time they seek to understand how companies manage ESG risks and encourage best practice. 

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

Please specify why your organisation does not engage via internal staff.

We do not engage via internal staff; as a relatively small fund in terms of assets and staff, we feel that our resources and influence are better exercised via collaborations with like-minded institutional investors either formally or informally or via engagement service providers. 

Collaborative engagements
          To understand issuers' exposure to and management of ESG risks and opportunities.
        
Service provider engagements
          To understand issuers' exposure to and management of ESG risks and opportunities.
        

02.2. Additional information. [Optional]


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