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Quoniam Asset Management GmbH

PRI reporting framework 2019

You are in Direct - Listed Equity Active Ownership » Overview

Overview

LEA 01. Description of approach to engagement

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

01.1. Indicate whether your organisation has an active ownership policy.

01.2. Attach or provide a URL to your active ownership policy.

01.3. Indicate what your active engagement policy covers:

General approach to active ownership

Engagement

Voting

01.4. Do you outsource any of your active ownership activities to service providers?

01.5. Where active ownership activities are conducted by service providers, indicate whether your active ownership policy covers any of the following.

01.6. Additional information [optional]

 

The engagement approach essentially consists of three stages: pre-engagement, actual engagement and post-engagement .

The pre-engagement stage and associated research lay the groundwork and detect any problem areas for our service provider engagement activities. In this stage, a group of professionals analyze and discussed the sustainability and weakness associated with the companies based on several research sources and the expertise of 42 sector analysts within the Union Investment.

In the engagement stage, a combination of constructive dialogue with companies (UnionVoice) and the exercising of our voting rights at annual general meetings (UnionVote) takes place.

These activities are accompanied by intensive global sustain ability research and studies on sustainability/engagement issues aimed at institutional investors.

Issues that are regularly addressed by our service provider at annual general meetings include:

• Corporate governance

• Corporate Actions

• investment performance

• controversial shareholdings

• CO2 emissions and the switch to renewable energy sources

• environmental issues

• social standards

• diversity

The post-engagement process has a long time horizon, with results sometimes only becoming apparent after months or years. The engagement activities and their results are therefore evaluated at regular intervals. In terms of taking consequences for a company, It is not out of the question for engagement activities that have already been undertaken to be re-evaluated. If we are not satisfied with the responses and actions of certain companies in spite of our repeated engagement, the ESG committee can systematically exclude those companies from the investment universe.


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