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Wells Fargo Asset Management

PRI reporting framework 2018

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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.

01.6. Additional information [optional]

Engagement with company management is a critical part of our investment teams research work and is incorporated as a part the teams fundamentally based research. Engagement takes different forms covering one-on-one meetings, group meetings together with other investors, attendance at conference presentations and on conference calls.  WellsCap investment teams typically meet and engage with more than 500 companies per year.

WellsCap is structured with independent and specialized investment teams; given our structure, currently engagement activities are the responsibility of our independent investment teams and not centralized. However, a key goal in 2018 for the dedicated ESG team is to establish a robust firm-level Stewardship Platform to deliver maximum impact on the companies we interact with. This will establish a comprehensive, forward looking engagement program that contains those companies with significant and material ESG risks and where we believe our engagement, including collaborative engagement, is most likely to produce change.


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

Please specify why your organisation does not engage via collaborative engagements.

A key goal in 2018 for the dedicated ESG team is to establish a robust firm-level Stewardship Platform to deliver maximum impact on the companies we interact with. This will establish a comprehensive, forward looking engagement program that contains those companies with significant and material ESG risks and where we believe our engagement, including collaborative engagement, is most likely to produce change.

Service provider engagements

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

A key goal in 2018 for the dedicated ESG team is to establish a robust firm-level Stewardship Platform to deliver maximum impact on the companies we interact with. This will establish a comprehensive, forward looking engagement program that contains those companies with significant and material ESG risks and where we believe our engagement, including collaborative engagement, is most likely to produce change.

02.2. Additional information. [Optional]


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