Our engagement, whether collective or individual, is prioritised based upon:
- The risk that it poses to the value of our clients' investments: to do this, we use our analysis of companies and several external data sources to identify and categorise ESG risks.
- Our clients' ethical investment priorities: these are discerned through either regular client consultations (that take place every three years) or, for our Church of England clients, through the policies developed by the Church's Ethical Investment Advisory Group.
- Breaches of International Norms, other controversies or negative events conducted by an investee company: this is informed by data from an external party and, due to the severity of the issues under consideration, can lead to divestment.
- The size of our holding: we pay particular attention to companies that make up more than 1% of the value of our main multi-asset investment funds
- Follow up from a voting decision: We seek to inform all investee companies of our decision to vote against management on any issue prior to the meeting. This can lead to, subsequent, substantial engagement on the issue
All engagement progress is monitored and influences our ongoing investment decisions.