With regards to Credit, engagements are conducted pre and post investment for the purpose of information gathering to inform investment decisions. This naturally includes the consideration of ESG risks where they are material. Any insights gleaned from engagement activity undertaken by the RI Team and Equities Team is shared with the credit team via the internal research homepage on Bloomberg and via interaction both formal and informal with equity portfolio managers and the RI team.
The engagement is normally conducted by Credit analysts during company meetings and road shows.
With regard to SSA, some of the schemes market level activities and collaborations, particularly where they involve local stock exchanges, regulatory bodies and government functions are considered to be sovereign engagements as they address the transparency and efficiency of markets.
See answers to LEA which outlines our approach to engagement.