This report shows public data only. Is this your organisation? If so, login here to view your full report.

LBPAM La Banque Postale Asset Management

PRI reporting framework 2019

You are in Direct - Listed Equity Active Ownership » Engagement

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]

In 2018, LBPAM continued its individual engagement activities as in previous years:

  • ESG meetings (with CSR or IR departments, or senior management)
  • Meetings around green bonds
  • Meetings around corporate governance.

In comparison to previous years, LBPAM increased its participation to collaborative engagements, mainly by joining existing initiatives.


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

Collaborative engagements

Collaborative engagements

03.3. Additional information. [Optional]


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
Collaborative engagements

04.2. Additional information. [Optional]

LBPAM distinguishes engagement made on an ongoing basis, and engagement targeted at specific issues:

  • Engagement made on an ongoing basis: dialogue in order to improve our understanding of the ESG strategy of companies, to encourage them to increase disclosure and to implement best-in-class practices
  • Engagement targeted at specific issues: dialogue launched by LBPAM or collaborative partners in order to hear comments of companies about controversies and to ask for corrective measures.

LEA 05. Process for identifying and prioritising collaborative engagement

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

05.3. Additional information [Optional]

In 2017, we introduced a new approach for the monitoring of controverserises. LBPAM defined a list of companies that we excluded from our RI strategies, due to severe or repeated violations of the UN Global Compact principles. We have engaged with some of these companies to determine whether their practices improved on specific KPIs, thus triggering changes in our investment decisions. This list is reviewed at least on a half-year basis by a dedicated committee. The committee checks whether there were corrective measures following the controversies, and may update the list accordingly.

We implement a similar process for some issuers in buy-and-hold mandates when our clients ask us to monitor controversies. A dialogue may be initiated with the companies facing controversies, and updates are regularly provided to our clients.

Besides these targeted engagement activities, we meet companies on an ongoing basis in order to improve our understanding of their ESG strategy and to encourage them to improve their ESG disclosure and practices. Their answers and tone can influence ratings within our ESG rating tool AGIR.


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]

We have an exclusion committee where we discuss the impacts of engagement activities with the investment platforms.


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

Collaborative 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

Collaborative engagements

07.4. Additional information. [Optional]

Data collected from companies during engagement activities - whether individual or collaborative - are integrated into ESG analysis and our internal ESG ratings (AGIR), which is used in investment decisions for the RI strategies. In addition, the insights gained from the engagement initiatives targeting controversial companies are broadly shared through all the investment platforms during the Exclusion Committee (bi-annually).

Our clients interested in engagement activities are informed of our dialogue with controversial companies, through reporting or formal committees.


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

Collaborative engagements

08.2. Additional information. [OPTIONAL]

LBPAM directly interacted on ESG issues with 77 companies in 2018 (emails, meetings, phone calls).

LBPAM joined several collaborative engagement initiatives in 2018:

  • Access-to-Medicine,
  • Farm Animal Investment Risk and Return,
  • Tobacco-Free Finance Pledge.

Top