This work is made by our asset manager, Santander Pensiones, SA, EGFP in behalf of the Control Comittee. Once we identify an ESG issue that we wish to discuss with a company, we engage with them by establishing a formal discussion through letters & emails. This is done with the objective of helping them in the correction of the troubling activity or to allow them to disclose more information on ESG issues and indicators. Santander Empleados Pensiones Pensio fund has joined a collaborative engagement initiative during the reporting year to encourage governments' commitment to climate change objectives.