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STANLIB Asset Management Ltd

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

STANLIB believes that our client have entrusted us with their wealth and savings to deliver long-term returns through the protection and growth of their capital. We believe that ESG is a material consideration in delivering risk adjusted returns to our clients.

We believe that as active owners we have the ability to influence corporates and entities that we invest in to incorporate ESG factors, thereby making for sustainable businesses.

As active owners, we carefully consider ESG factors in the investment process across all our investment capabilities. This ensures that we understand the related risks associated with investments opportunities/ returns.

Please see our principles regarding ESG in the section below.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

STANLIB’s approach to Environmental, Social and Governance factors

STANLIB’s ESG principles

STANLIB believes that ESG is a material investment consideration

ESG forms a material element in driving risk adjusted returns for our clients. As stewards of their funds and to deliver on client financial outcomes we believe that the consideration of sustainability is essential to value creation and capital protection.

STANLIB integrates ESG factors into the investment process

Active ownership means careful consideration of ESG factors in the investment process across all our investment capabilities. This ensures that we understand the related risks associated with investment opportunities.

STANLIB favours active engagement

Our preferred approach to dealing identified ESG concerns is to actively engage business stakeholders to effect change. We believe engagement with boards of directors, company management, and key stakeholders is a powerful tool to drive optimal outcomes for our clients. However, if engagement and discussions with the relevant stakeholders does not yield the desired outcome we are willing to disinvest of an investment.

There are also instances in which STANLIB will outright exclude investment in a particular company where there is no confidence that management actions will resolve the outstanding ESG issues. This would include companies undertaking activites deemed illegal.

STANLIB exercises its ownership rights

STANLIB exercises voting rights in the best interests of our clients. Our policy on proxy voting sets out our voting guidelines.

STANLIB is prepared to collaborate where it drives desired outcomes

We are open to collaboration where we believe the collective efforts of all relevant stakeholders around an ESG topic are more likely to result in a positive outcome for our clients. Such instances would include engaging with investee companies in which we have a relatively small holding or joining other shareholders and stakeholders to influence change.

STANLIB communicates its responsible investing activities

STANLIB communicates its policies and responsible investing activities through the publication of policy documents, proxy voting reports and reporting on key engagement activities.

STANLIB applies ESG oversight to its investment capabilities

STANLIB believes that to ensure the appropriate outcome for clients we need to monitor and challenge investment professionals on ESG issues. Our governance structures ensure accountability, tracking and measurement of ESG related issues including potential conflicts of interest.

 

 

 

 

 

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

STANLIB has a Conflict of Interest Policy in terms of the Financial Advisors and Intermediary Services Act (Act No. 37 of 2002 – “the FAIS Act”) by which it is regulated. In terms of the FAIS Act, STANLIB must take all necessary steps to eliminate any practices and/or services that may create a conflict between their interests and the interests of an existing or potential client. In addition, the Code requires that where it is not possible to avoid any act, action or reward that may create a potential conflict of interest, appropriate steps must be taken to mitigate the impact and it must be appropriately disclosed to the client at the earliest reasonable opportunity. 

Our conflict of interest policy can be found on the following list:

http://www.stanlib.com/Institutional/AboutInstitutional/Pages/Complianceandgovernance.aspx

 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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