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Universities Superannuation Scheme - USS

PRI reporting framework 2018

Export Public Responses

You are in Direct - Listed Equity Active Ownership » Engagement » Process » Process for engagements conducted with/on your behalf by service providers


LEA 07. Role in engagement process



07.1. サービスプロバイダーがあなたの貴社のために実施するエンゲージメントにおいて、貴社がどのような役割を担っているのか明示してください。

07.2. サービスプロバイダーがあなたの貴社のために実施するエンゲージメントにおいて、貴社がどのような役割を担っているのか明示してください。

07.3. Additional information. [Optional]

As noted, USS has a dedicated responsible investment team that undertakes engagement.  Our internal portfolio managers also conduct regular and comprehensive engagement with companies.  Therefore it is not necessary to use external service providers. The exception to this is the Japanese engagement consortium.  USS works with the Japan Engagement Consortium (JEC) to engage with Japanese companies on our behalf and help overcome language and cultural barriers. The portfolio managers and RI team monitor the engagement conducted by the JEC through regular contacts and reports. USS has quarterly meetings with the JEC to prioritise engagement candidates, set objectives, discuss meeting outcomes and follow up on outcomes for specific companies. We also influence JEC's priorities in discussion with other institutional investors in the collaboration. Views fed back from the JEC have helped to inform our portfolio managers' views of the companies covered. The JEC has also been a strong proponent of the market-level developments in corporate governance in Japan, working with USS to facilitate our engagement with regulatory and industry bodies in Japan. For information on the JEC see

The JEC has engaged on the following issues on behalf of USS in 2017: supply chain management, board independence, remuneration, accountability for resource allocation, board skills, board diversity and succession planning.

LEA 08. Monitor / discuss service provider information

08.1. 貴社に代わりサービスプロバイダーが行ったエンゲージメント活動の成果を監視し、精査しますか?


08.2. 補足情報 [任意]

The Japanese Engagement Consortium (JEC) is the only engagement provider that USS uses.