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C WorldWide Asset Management

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Outputs and outcomes

Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort

Indicate the proportion of companies in your listed equities portfolio with which your organisation engaged during the reporting year.
We did not complete any engagements in the reporting year.

Number of companies engaged

(avoid double counting, see explanatory notes)

Proportion of companies engaged with, out of total listed equities portfolio

Individual / Internal staff engagements

70
20
Service-provider engagements
171
13

09.2. Indicate the breakdown of engagements conducted within the reporting year by the number of interactions (including interactions made on your behalf).

No. of interactions with a company
% of engagements
One interaction
2 to 3 interactions
More than 3 interactions
Total
100%

09.4. Indicate the percentage of your service-provider engagements in which you had some involvement during the reporting year.

Type of engagement

% of engagements with some involvement
Service-provider engagements

09.5. Additional information. [Optional]


LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

10.2. Additional information. [Optional]


LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

ESG Topic
Health and Safety|Labour practices and supply chain management|Deforestation
Conducted by
Objectives

Consumer goods

Increased focus on deforestation and the scrutiny of global consumer goods companies and their responsible sourcing practice. Although sourcing and supply chain management are among the key ESG issues for the industry, ESG is becoming increasingly relevant across the entire value chain.

Scope and Process

Focus in our engagements has been on how companies innovate the products they bring to the consumers including labelling and packaging. This is particularly true within food and beverages where health, nutrition, and environmental concerns are shaping demand patterns and the industry landscape. It is a trend we have seen unfold for some years, driven by consumers pursuing more healthy food options in favour of heavily processed food as well as food seen as more climate-friendly such as plant-based meat. This trend is further enhanced by initiatives from governments and health organisations seeking to reduce the consumption of sugar, saturated fat, and salt.

Outcomes
ESG Topic
Climate Change|Pollution|Cyber security
Conducted by
Objectives

Energy sector

Engage on a broad range of issues including the green energy transition, expectations for coal and nuclear plants, cyber security, mitigation of climate risk, as well as regulatory risk.

Scope and Process

During our engagement calls with companies in the energy sector, it has been made clear that there is a large difference between companies dependent on their location and their operations. Typical discussion topics include climate engagement, increased disclosure and transparency on emissions, and lobbying activities, as well as initiatives to offset emissions such as investments in carbon capture and storage technology.

Outcomes
ESG Topic
Executive Remuneration|Company leadership issues|Other governance
Conducted by
Objectives

ESG part of management KPIs

Emphasizing the need to have ESG incorporated and integrated in KPIs for management and its remuneration packages.

 

Scope and Process

The Danish food ingredient company, Chr. Hansen was last year appointed by Corporate Knights to be the world most sustainable company. Therefore, we find it natural that ESG ought to be a part of management’s KPI’s. However, this is still not the case. We hope this will change soon and we will continue to encourage the company to do so.

Concerning the UN Sustainable Development Goals (SDGs) we discussed some new products that support Chr. Hansen’s commitment. The company has some exciting products under development e.g. bacteria to reduce sugar content in food, probiotics to bring down number of sick days and a product to prolong shelf life and thereby bring down food waste.

Outcomes

11.2. Additional information. [Optional]


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