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Pengana Capital Group

PRI reporting framework 2018

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework (Not Applicable)

SG 17. ESG issues for externally managed assets not reported in framework

17.1. Describe how you address ESG issues for externally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Listed equities - ESG incorporation

Pengana has appointed UK-based WHEB Asset Management LLP (WHEB) to manage the Fund. WHEB is a global leader in sustainable investing with a focus on the opportunities created by the transition to more sustainable, resource efficient and energy efficient economies. 

WHEB have identified critical environmental and social challenges facing the global population over the coming decades. WHEB invests in a diverse portfolio of global companies providing solutions to these sustainability challenges via nine sustainable investment themes – five of these are environmental (cleaner energy, environmental services, resource efficiency, sustainable transport and water management) and four are social (education, health, safety and well-being).

The portfolio is actively managed and stock selection is based on deep research integrating financial factors with environmental, social and governance factors.

Listed equities - engagement

WHEB engage directly with companies and other stakeholders in order to:

1. Generate additional insights into company practice or a particular issue, which in turn feeds into the investment decisions; and/or
2. Exercise influence in order to improve corporate management and performance, or the direction of future policy in order to promote sustainable development and, to create favourable operating environments for the companies invested in.

The engagement activity is typically structured as proactive initiatives that are aimed at long-term issues affecting whole sectors and/or companies in the investment universe. In addition, WHEB also conduct a range of ‘reactive’ engagement activity in response to specific issues at individual companies.

Listed equities - (proxy) voting

WHEB seek to vote on all active positions in the fund and use a proxy voting agent to assist in scrutinizing ballots at company meetings. Where they vote against company management or abstain, they always write to the company in question explaining their reasons for doing so and seeking further engagement as appropriate.

17.2. Additional information.