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PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » 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.

01.2. Attach or provide a URL to your engagement policy.

01.3. Indicate what your engagement policy covers:

01.4. Provide a brief overview of your organization’s approach to engagement

Comgest is a bottom-up stock picker and the basis of our research includes meeting companies directly. For us it is quite natural to engage with companies regarding ESG issues. As an active shareholder and a promoter of RI practices, Comgest engages with companies in several ways. First, as a responsible investor, Comgest exercises its voting rights at general meetings. Secondly, Comgest establishes a constructive dialogue with investee companies to collect more information in order to refine its investment analysis and where it is deemed useful it also challenges companies on specific ESG issues seeking an improvement of ESG disclosure, risk mitigation, etc.

01.6. Additional information [optional]

Our engagement policy and activities are described in 2 documents:

- RI Policy (our engagement policy is on page 14 of our RI Policy)

- Voting Policy

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
Service provider engagements

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

We do not want to delegate to service providers the engagement activity because it is an important part of our process. The information collected through engagement is useful for ESG integration. We prefer to do engagement on our own and with other asset managemers and/or asset owners.

02.2. Additional information. [Optional]

In 2017, Comgest participated in several collaborative engagement actions: supply chain in the textile and electronics industries — water consumption disclosure at several food & beverage companies — labour issues in the agricultural supply chain — cybersecurity.