Engagements with Governments. AMP Capital's Global Fixed Income team invests with a strong focus on Australian bonds and credit with only some limited exposure to global fixed income securities. AMP Capital contributes to public policy and industry engagement on relevant ESG topics, by meeting with Ministers and other government officials and by participating in collaborative networks that seek to influence government policies on ESG-related issues. Meetings with government (sovereign entities) focus on sharing investor perspectives on ESG topics, areas of new or potential regulation or advocating for the advancement of ESG related disclosure frameworks. Collaborative networks include the Australian Financial Services Council (FSC), the Investor Group on Climate Change (IGCC) and the Asian Corporate Governance Association (ACGA).
Engagements with Corporates. AMP Capital engages systematically with both fixed income and equities issuers on relevant ESG issues. We proactively raise with them how ESG issues, both generally and specifically, are significant from an investor's perspective, and also assess how the company responds to that discussion.
- Timing of engagement. AMP Capital will typically raise specific corporate governance changes we would like to see at a company as we become aware of them and track those issues on an annual basis. For other ESG issues, engagement is part of our periodic review of ESG performance at the company. We will typically meet with management following a company's relevant announcement to the market, or to follow up on ESG issues discussed in previous meetings.
- Means of engagement. AMP Capital's ESG Research team attends company meetings with representatives from AMP Capital's Global Equities and Fixed Income teams. These meetings enable AMP Capital to raise issues with the company as one team, and for our ESG Research Team to share insights and conclusions with our Credit and investment teams. AMP Capital may also write letters to companies engaging them on a specific ESG issue or engage with them at a more general or industry level through our involvement in collaborative networks and initiatives.
- Record of engagement. AMP Capital's ESG Research Team maintains a database which covers the company, date and method of engagement, as well as those present and the issues covered.