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Perennial Value Management Limited

PRI reporting framework 2019

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You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Perennial Value is a specialist active Australian equities manager, with a ‘value’ stockpicking investment style. The cornerstone of Perennial Value’s investment process is our proprietary, in-house research. We conduct independent first-hand research on all securities before their inclusion in our investment portfolios. We invest in companies that offer a strong balance sheet with low debt levels, a track record of paying reliable dividends and good quality management. As a signatory to the United Nations backed Principles for Responsible Investment, we have incorporated ESG principles into our investment processes. We have engaged with CAER and CGI Glass Lewis, broker research and other information to supplement our own analyst bottom up ESG research. We have also developed a proprietary ESG database which captures over 30 different data points of ESG data. We have also developed an in house ESG scoring system for each company under coverage.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)

SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

Attachment

PVM Responsible Investment Policy - Mar19.pdf

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

File Attachment

URL/Attachment

File Attachment

URL/Attachment

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URL/Attachment

File Attachment

URL/Attachment

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File Attachment

02.3. Additional information [Optional].

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Perennial's conflict of interest policy covers how we manage any potential conflicts in the invesetment process. 

There must be no conflict, or perception of such, between the interests of any employee and their responsibility to Perennial or its stakeholders. All employees may never improperly use their position for personal or private gain to themselves, a family member, or any other person.

 

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

When a company-specific ESG issue arises we will typically seek to engage with Company management on the issue.  If we have significant unresolved concerns in relation to the issue we will seek to escalate the issue by one or a combination of the following:

  • writing to Company management;
  • meeting with the Chairperson or Lead Independent Director; or
  • writing a formal letter to the Board of Directors.

If the issue remains unresolved, we will consider divesting our holding in the Company.
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