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Bâtirente

PRI reporting framework 2019

You are in Direct - Listed Equity Active Ownership » Outputs and outcomes

Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort (Not Completed)


LEA 10. Engagement methods (Not Applicable)


LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

ESG Topic
General ESG
Conducted by
Objectives

Improve ESG disclosure

Scope and Process

We had various discussions with representatives of the company, including the Senior Director of the Board, the Chief Financial Officer, and the Senior Legal Counsel. Following the submission of our shareholder proposal, we were invited by representatives of company’s executive leadership and board to meet and learn more about their evolving position on our request. Although they could not vote in favor of our proposal, they did commit to developing a strategy to report on the company’s sustainability initiatives by the 2019 shareholder meeting and improve their communications on ESG initiatives and targets with shareholders.

Outcomes
ESG Topic
General ESG
Conducted by
Objectives

Improve ESG disclosure.

Scope and Process

We had various exchanges with the head of corporate affairs. Following our requests for improved ESG disclosure, they informed us that the company is working to determine the best way to improve it. Various approaches have been initiated internally for this purpose. For example, in recent months they have organized focus groups to better understand their environmental and sustainable development practices at the production level. They also informed us that the company recently used a third-party resource to help them conduct an assessment exercise of what their peers are doing in terms of ESG disclosure. This work should help them determine the next steps in improving their communication.

Outcomes

11.2. Additional information. [Optional]


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