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Macquarie Asset Management

PRI reporting framework 2019

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Engagement

LEA 02. Reasoning for interaction on ESG issues

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

02.4. Additional information. [Optional]

MIM’s investment teams often engage with companies as part of their regular investment processes.  These engagements are typically strategic in nature and provide additional insights into management quality, business drivers, financial strategy and future business prospects. During these meetings ESG factors may be discussed, where relevant, and the findings incorporated into our overall assessment of the management teams.

We may also engage directly with the entities in which we invest in order to encourage additional ESG disclosure. Companies that we have targeted for engagement are typically identified and prioritized by geography, sector and size in order to ensure that a diverse cross-section of engagements are undertaken.

 


LEA 03. Process for identifying and prioritising engagement activities

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

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagements.

Indicate the criteria used to identify and prioritise engagements for each type of engagement.
Type of engagement
Criteria used to identify/prioritise engagements
Individual / Internal engagements

Internal / Individual engagements

03.3. Additional information. [Optional]

The responses provided above represent an aggregate of different practices employed by our independent investment teams and do not necessarily indicate that each team employs all of these practices.

In identifying companies with whom to engage regarding ESG disclosure policies, MIM’s Head of ESG Oversight will collaborate with investment team representatives to MIM’s ESG Oversight Committee.  Investment team representatives may also directly participate in these engagement efforts in conjunction with the Head of ESG Oversight.


LEA 04. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Indicate whether you define specific objectives for your organisation’s engagement activities.
Individual / Internal engagements

04.2. Additional information. [Optional]


LEA 05. Process for identifying and prioritising collaborative engagement

Indicate if you monitor and/or review engagement outcomes.
Individual / Internal engagements
Indicate if you do any of the following to monitor and review the progress of engagement activities.
Individual / Internal staff engagements

05.3. Additional information [Optional]


LEA 06. Role in engagement process

06.1. Indicate whether your organisation has an escalation strategy when engagements are unsuccessful.

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

06.3. Additional information. [Optional]

The responses provided above represent an aggregate of different practices employed by our independent investment teams and do not necessarily indicate that each team employs these practices.

See the following link for an example of one of our team’s escalation efforts:

https://www.businesswire.com/news/home/20181109005294/en/Macquarie-Investment-Management-Urges-Brookdale-Senior-Living


LEA 07. Share insights from engagements with internal/external managers

07.1. Indicate whether insights gained from your organisation's engagements are shared with investment decision-makers.

Type of engagement

Insights shared

Individual / Internal staff engagements

07.2. Indicate the practices used to ensure information and insights collected through engagements are shared with investment decision-makers.

07.3. Indicate whether insights gained from your organisation’s engagements are shared with your clients/beneficiaries.

Type of engagement

Insights shared

Individual/Internal staff engagements

07.4. Additional information. [Optional]

The responses provided above represent an aggregate of different practices employed by our independent investment teams and do not necessarily indicate that each team employs all of these practices.

Our independent investment teams have their own processes for disseminating information to their team members.  These oftentimes consist of regularly scheduled team meetings in which information gleaned from engagements with company managements is shared with the rest of the team.  Individual teams also utilize information sharing platforms in which notes from engagements are disseminated.

In identifying companies with whom to engage regarding ESG disclosure policies, MIM’s Head of ESG Oversight will collaborate with investment team representatives to MIM’s ESG Oversight Committee.  Investment team representatives may also directly participate in these engagement efforts in conjunction with the Head of ESG Oversight. 


LEA 08. Tracking number of engagements

08.1. Indicate if you track the number of your engagement activities.

Type of engagement
Tracking engagements

Individual / Internal staff engagements

08.2. Additional information. [OPTIONAL]

We track in full the engagements that we perform on a corporate level to encourage increased ESG disclosure.  All other engagements are partially tracked.


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