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Veritas Asset Management LLP

PRI reporting framework 2019

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

At the end of the calendar year we will consider whether we can introduce any activities that will have some value add to clients but are also meaningful in the context of how we manage money. We introduced Red Line Voting in order enhance reporting to clients on ESG issues. However, we implemented a customised global approach, making this applicable in the context of the way we manage money. Currently, we are assessing how best to introduce carbon foot print reporting to the portfolio, rather than just implementing a standard product that in certain circumstances can be both misleading and inaccurate. We are also considering the use of some source of unstructured data analysis to further examine management.

SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Adoption of recommendations presented by the ESG Taskforce

Progress achieved

We implemented the AMNT Red Lines on a gobal basis and we enhanced our reporting on this area as a whole. The introduction of carbon analysis reporting will be considered during 2019.

Key performance indicator

          Company Stock Note

Progress achieved

The Asian team analysts have a standalone section on ESG within their stock note. Given one of the themes is "Green Asia" this helps further to identify the investment opportunity.

Financial performance of investments

ESG characteristics of investments

Other activities

Key performance indicator

          Inclusion in client reporting.

Progress achieved

Yes, we include significant engagement examples in our quarterly reports.

06.2. Additional information.