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Wells Fargo Asset Management

PRI reporting framework 2018

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Engagement

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]


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.

03.3. Additional information. [Optional]


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.

other description

          WellsCap is structured with independent and specialized investment teams; given our structure, engagement activities are the responsibility of our independent investment teams and not centralized.
        

04.4. Additional information. [Optional]


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

09.2. Additional information. [Optional]


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

10.2. Additional information. [OPTIONAL]


Outputs and outcomes

LEA 11. Number of companies engaged with, intensity of engagement and effort (Private)


LEA 12. Engagement methods (Private)


LEA 13. Companies changing practices / behaviour following engagement (Private)


LEA 14. Examples of ESG engagements (Private)


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