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RobecoSAM AG

PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » Engagement » Process » Process for engagements conducted via collaborations

Process for engagements conducted via collaborations

LEA 05. Process for identifying and prioritising collaborative engagement

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

05.1. Indicate whether your organisation has a formal process for identifying and prioritising collaborative engagements

05.2. Describe the criteria used to identify and prioritise collaborative engagements.

other description

          Collective power in combination with individual engagements.

05.3. Additional information [Optional]

The answers above are related to engagement by the Active Ownership (AO) team. The first three answers also apply to the CSA Engagement.

Recognizing the value of different forms of engagement, Robeco carries out individual engagements as well as collaborative engagements with other investment institutions. We believe that the best way to promote improved market practices is through active membership in collaborative platforms such as the ICGN, PRI, Eumedion, EFAMA, ACGA, ICCR. For each of these platforms we identify and prioritize our collaborative engagement activities.

Historically, we have found our success rate to be higher in individual engagements than in collaborative engagements. At this moment, the majority of our engagements are individual staff engagements. We know from experience, however, that specific collaborations can be very effective. We look for collaborations that are focused and well organized, and which add more power to our engagement approach. Where this is the case, we add collaborative engagement as an instrument within a certain engagement theme. This way, we combine our individual and collaborative engagement efforts to achieve the maximum possible engagement result. We prioritize collaborative engagement where we can combine these engagements with our individual engagements. Under these circumstances, we will always look to take an active role in these collaborations in the form of a (co) leadership position, and by contributing to policy documents, and outreach etc. Collaborative engagement via Eumedion and the ICCR are examples of effective and on-going collaborations.

Robeco and RobecoSAM have joined various collaborative networks with the purpose of promoting Responsible Investment principles and enhancing its effectiveness in implementing an ESG integrated investment and responsible ownership approach. The most relevant are provided below:

United Nations Principles for Responsible Investment (PRI), joined in 2006

Member of vote confirmation project group

Member of the Investor Engagements Advisory Committee

Lead member of the clinical trial transparency engagement group

Member of the Advisory Committee of the Labour Standards Engagement Group

Member of the UNPRI Reporting and Assessment Steering Committee

Member of the Advisory Committee of the Water Risk in Agricultural Supply Chain Engagement Group

Member of the Advisory Committee of the Sustainable Palm Oil Engagement Group

Member of the UNPRI Reporting and Assessment Steering Committee

United Nations Global Compact, joined in 2014, before this we were a signatory via our mother company Rabobank

United Nations Environment Program Finance Initiative (UNEP FI), joined in 2012

International Corporate Governance Network (ICGN), joined in 2005

Corporate Risk Oversight Committee (co-chair)

Institutional Investor Group on Climate Change (IIGCC), joined in 2009

Supporter of the Investor Statement on Climate Change

Member of the Corporate Engagement Working Group

Corporate Governance Platform Eumedion (governance network with international partners based in the Netherlands), joined in 2006

Board member

Chair of the investment committee, Active member of the investment committee

Active member of the legal committee

Active member of the audit committee

Active member of the research committee

Access to Medicines Initiative, joined in 2010

Investors Working Group member

Asian Corporate Governance Association (ACGA), joined in 2010

Active participation in collaborative initiatives, panels and company trips.

European Fund and Asset Management Association (EFAMA), joined in 2004

Member of the Working Group Responsible Investing

Actively involved in setting of codes.

Interfaith Centre on Corporate Responsibility (ICCR), joined in 2015

Member of the Global Health engagement group

Member of the Human Trafficking engagement group

Member of the Water engagement group

Member of the Food engagement group

Member of the Methane engagement group

Dutch Association of Investors for Sustainable Development (Vereniging van Beleggers voor Duurzame Ontwikkeling, VBDO), joined in 2016

LEA 06. Objectives for engagement activities

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

06.1. Indicate if you define specific objectives for your engagement activities carried out collaboratively.

06.2. Indicate if you monitor the actions companies take during and following your collaborative engagements.

06.3. Indicate if you do any of the following to monitor and evaluate the progress of your collaborative engagement activities.

other description

          Report progress against defined milestones and goals

06.4. Additional information. [Optional]

The answers to questions 6.1 to 6.3 are related to AO Engagement and CSA Engagement. In question 6.4, the answers are related to AO Engagement. For CSA Engagement, the first three answers are applicable in question 6.4.

AO Engagement

Robeco and RobecoSAM adopt the same approach to monitoring and evaluating the progress of individual engagement activities and those undertaken as collaborative activities:

As with our individual engagements, we track the progress of all our collaborative engagements, on a quarterly basis based on SMART objectives. We provide measurable engagement outputs and successes. We deliver confidential engagement reports as well as quarterly engagement (and, where relevant, voting) summary reports that provide details of the results of engagement and voting. These reports are delivered to our internal (portfolio managers) and external clients (institutional investors).

If we close a case unsuccessfully, we inform the company and our analysts and portfolio managers, so that they can incorporate this information in their analysis and investment decisions.

CSA Engagement

The overall approach of collaborative engagements is to focus on the CSA methodology, in order to leverage it to engage with companies on specific topics or developing sustainability trends or challenges. Outcomes are measured in terms of increased awareness amongst companies, as can be measured in their public corporate disclosures and information provided directly to RobecoSAM via the CSA. For example, RobecoSAM observed a significant improvement in disclosures on the topic of Tax Transparency after introducing it as a standalone criterion in 2014, when it was an underreported topic and not generally part of traditional sustainability research frameworks. In 2017, RobecoSAM introduced new questions on Policy Influence, another underreported topic that is gaining significant investor interest. By introducing these questions and requirements around disclosure, RobecoSAM hopes to see increased transparency to stakeholders on these issues by companies in the coming years. RobecoSAM reviews the number of companies reporting on newly introduced topics as part of its annual review process.