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Bankhaus Schelhammer & Schattera AG

PRI reporting framework 2018

You are in Direct - Listed Equity Active Ownership » Engagement » Overview

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

Our engagement strategy is based on 3 pillars. First of all, we as Bankhaus Schelhammer & Schattera get into dialogue with those companies, that violated against labour rights according to our research partner oekom research. Second, we cooperate through CRIC with asset managers in Austria, Germany and Switzerland to jointly engage in companies, that had violations against our exclusion criteria in the past. The third pillar is our membership in UNPRI - since we are not a big player in the international financial market, we like to make use of our membership to jointly engage in big entreprises and set investor standards that go inline with the ethical standards of our own bank.

In the case of a positive engagement dialog - the company has set appropriate activities to prevent similar violations in the future - our Ethical Advisory Board has the power to decide if the company can be reconsiderd in our investment universe.

01.6. Additional information [optional]


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 rather spend our ressources for activities where we can have a direct impact. External services are costly and the benefits or impact for a small player is limited.  

02.2. Additional information. [Optional]


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