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Ausbil Investment Management

PRI reporting framework 2018

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

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]

As discussed in LEI 01.4, Ausbil capitalises on its market-leading proprietary ESG research to identify engagement opportunities on a proactive basis, i.e. engaging on ESG issues before companies are negatively impacted by events. To that end, Ausbil operates with a formal engagement plan that sets out specific targets and measurable outcomes for thematic and company-specific engagements. This plan is updated at least annually.  However, Ausbil can also engage in response to events and individual client requests.


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]

Ausbil’s engagements vary from engagements on complex, long-term systemic issues to minor company-specific issues. As far as practicable, Ausbil establishes engagement objectives, including milestones for these in a formal annual engagement plan. However, Ausbil also takes advantage of engagement opportunities on an ad-hoc basis. These engagements may be less formal in nature and carried out to complement Ausbil’s ESG research activities.


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]

Ausbil manages fairly concentrated portfolios and focuses on Australian-listed equities, which means many international collaborative engagements are not directly applicable to Ausbil.

Ausbil prefers to engage directly with companies. However, Ausbil acknowledges that some issues, which are systemic by nature, require a collaborative approach. Therefore, Ausbil participates in collaborative engagements when deemed appropriate, often in combination with company-specific direct engagements. For instance, Ausbil has been an active participant in industry-wide engagements on labour and human rights by contributing with insights and co-signing letters and statements complementing Ausbil’s direct engagements with Australian companies. Ausbil has also been an active participant in terms of educating other investors and sharing both research and best practice in terms of engagement.

In addition, in 2017, Ausbil was engaging directly with the Federal Australian Government on several occasions in regards to the establishment of a Modern Slavery Act in Australia and also engaged more broadly with interested advocates and other stakeholders on this topic. The engagement opportunities are identified through Ausbil’s proprietary ESG research and liaison with peers / industry events – both through formal relationships and informally.


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]


Process for engagements conducted with/on your behalf by service providers

LEA 07. Role in engagement process

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

07.1. Indicate if you play a role in the engagement process that your service provider conducts on your behalf.

07.3. Additional information. [Optional]

Ausbil engages directly with companies. 


LEA 08. Monitor / discuss service provider information

08.1. Do you monitor and review the outcomes of the engagement activities undertaken by your service providers on your behalf?

Please select all that apply

08.2. Additional information. [Optional]

Ausbil carry out our own engagement activities.


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

Service provider engagements

09.2. Additional information. [Optional]

Ausbil’s ESG Research Team is fully integrated with the broader Investment Team.

Key aspects of engagements are shared on a regular and frequent basis within the Investment Team by formal and informal communication between the ESG Research Team and other members of the Investment Team. The engagements are also reported to a number of clients on a quarterly basis and also through an annual engagement summary, which is publically available.

Engagements also impact Ausbil’s proprietary ESG research, including company ESG-scores, which are updated and communicated to the Investment Team on a regular basis.


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

Service provider engagements

10.2. Additional information. [OPTIONAL]

The ESG Research Team maintains an ESG engagement database where all meetings and company communications are logged. This includes details on all conversations on ESG issues and engagements and follow-up actions. This relates to all ESG-related engagements involving the ESG Research Team.


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