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Wells Fargo Asset Management

PRI reporting framework 2018

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

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

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          Sustainability Accounting Standards Board (SASB)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

At the Sustainability Accounting Standards Board (SASB), an organization dedicated to supporting the disclosure of material sustainability information across sectors in a decision-useful way, we are represented on both the Standards Board (accountable for the due process, outcomes, and ratification of the SASB standards themselves) and the Investor Advisory Group (comprising of leading asset owners and asset managers who are committed to improving the quality and comparability of sustainability-related disclosure to investors). Furthermore, we have contributed the expertise of our investment professionals across the development of the standards themselves.

          The Equator Principles and UN Guiding Principles on Business and Human Rights
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

WellsCap's parent, Wells Fargo & Company is member of both organizations.

          Japan's Stewardship Code
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          WellsCap has provided formal ESG training to the investment teams over the last couple of years, including training on high-level ESG concepts and WellsCap ESG initiatives, as well as training on the available WellsCap ESG reports and tools. Additionally, investment teams have received training regarding our ESG data provider’s review process and scoring methodology to better understand the vended research. On an annual basis, all investment teams are expected to have a minimum of two formal ESG-related exercises or training, which can include 1-on-1 training sessions, meetings with senior management, webinars, and cross-organizational round tables and seminars.  

As an extension of ESG integration across our entire firm, we offer clients ESG risk and analytic reporting on their portfolio on an ad-hoc basis as requested. This transparency is an important focal point for discussions that we have with clients regarding their ESG values and sensitivities. It can evolve into a more detailed discussion to evolve their guidelines into more specific ESG objectives, to make ESG more “intentional”. For example, based on clients’ needs, we have provided portfolio level ESG analytics on relevant metrics to provide a better understanding of ESG performance, sector exposures, and carbon footprint.
        

Frequency of contribution

Description

          Funded research "Environmental, Social and Governance Investment Landscape: Market research and empirical findings chart the way ahead for ESG investing" from University of California, San Diego (UCSD)
        

Frequency of contribution

Description

          Our approach to ESG places a large amount of value on understanding best practices and contributing our expertise to developing evolving standards around ESG. We are developing close partnerships with leading industry associations, disclosures and standards bodies, and non-profit organizations to help lead and drive the latest approaches to the integration of ESG in financial strategies and processes, including by attending and speaking at relevant industry events and conferences.
        

Frequency of contribution

Description

          We are a signatory to the Principles for Responsible Investment (PRI), where we have committed to implementing the six Principles around the integration of ESG. Beyond the commitment to integrating ESG and publicly reporting on our progress, we are actively contributing to the work of the PRI as a whole to help investment professionals across the industry increase their sophistication to ESG, including client education and encouraging others to join the initiative where relevant to do so.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Private)


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