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Wells Fargo Asset Management

PRI reporting framework 2018

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - INF 03]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG issues [LEI 08 - 10] Outputs and outcomes [LEI 12 - 14]

Direct - Listed Equity Active Ownership

Engagement [LEA 01 - 14] Process [LEA 03 - 10] Process for engagements run internally [LEA 03 - 04] General processes for all three groups of engagers [LEA 09 - 10] Outputs and outcomes [LEA 11 - 14] (Proxy) voting and shareholder resolutions [LEA 15 - 24] Overview [LEA 15] Process [LEA 16 - 20] Outputs and outcomes [LEA 21 - 24]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 13] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 07] (C) Implementation: Integration [FI 11 - 13] Fixed income - Engagement [FI 15 - 17] Outputs and outcomes [FI 18 - 19]

Assurance

Assurance [CM1 01.1 - 01.7]

Export Public Responses

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.

Yes

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	To influence corporate practice (or identify the need to influence) on ESG issues To encourage improved/increased ESG disclosure Other, specify We do not engage via internal staff
Collaborative engagements	To influence corporate practice (or identify the need to influence) on ESG issues To encourage improved/inreased ESG disclosure Other, specify We do not engage via 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	To influence corporate practice (or identify the need to influence) on ESG issues To encourage improved/increased ESG disclosure Other, specify We do not engage via service providers 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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