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C WorldWide Asset Management

PRI reporting framework 2020

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]

On an ad-hoc basis but as a minimum once a year.


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

          That everyone in the organisation is aware of how we work and integrate ESG in our investment process and ongoing engagement with companies.
        

Progress achieved

Incorporation of ESG and active ownership is an ongoing process and we continue to work with this throughout the organisation.

The progress achieved has primarily been based on the depth and scope of integration. Responsible investment activities are becoming increasingly more integrated in our investment processes and all portfolio managers are fully committed to continuously improving our efforts.

In-house seminars and ESG specific strategy sessions are held with the portfolio managers to continue improving their knowledge in regard to ESG and any tools available to assist in the process of investment integration.

Progress achieved has also been noticeable in our ongoing client dialogue. During many of our client meetings, both for existing and potential investors, the integration and reporting of ESG matters in our investment process has become a key discussion point. This dialogue is very positive for all parties involved and we have made significant progress here in being able to address all of the relevant topics.

In addition to the progress achieved by the investment organisation, knowledge sharing for all investment professionals occur on a regular basis and knowledge sharing for all employees occurs on a quarterly basis.

Key performance indicator

          Increase knowledge sharing on ESG engagement.
        

Progress achieved

Training on ESG engagement, in particular for the investment teams, is anchored in the importance of knowledge sharing followed up by documentation. In other words encouraging feedback from ESG forums and seminars, client meetings, company specific engagements and highlighting relevant issues as they arise. Sharing of knowledge between colleagues and teams is our preferred approach. The sharing within the investment teams of different engagement approaches and sharing experiences on techniques and documentation result in simple yet effective training benefits.

The key progress achieved by sharing and documenting ESG engagement insights is to observe the benefits from a broadening research footprint. Our experience has shown that this broadening knowledge base naturally results in a broadening adoption and integration of ESG factors. Quite simply, yet effectively, the more the PM teams share knowledge and experiences and inspire each other on ESG engagement the broader the scope of adoption.

Key performance indicator

          Continue to maintain, develop and increase communication of ESG across the organisation.
        

Progress achieved

From 2018, the communication of ESG activities across the organisation is on a fixed quarterly basis, where all employees are informed about relevant ESG activities and initiatives. This has resulted in a robust common base of ESG awareness across the entire organisation.

Raising awareness across the organisation has resulted in a new appreciation of all employees as to the relevance of ESG integration in our investment processes. As efforts continue to accelerate within the investment team it is important that the rest of the organisation is kept abreast and are aligned with our initiatives.

Key performance indicator

          Continue to set up and increase number of specific ESG meetings with the companies we are invested in.
        

Progress achieved

Increasingly, and this has accelerated in 2019, we have more and more meetings with the management of investee companies where we have an ESG specific agenda only. These are targeted in depth Q&A sessions and the format is direct via call or video conference as well as in-person meetings with investee companies' representatives.

This progress was initiated in 2018 and has since been rolled out on an accelerated basis. This approach has proven very successful and we have received positive feedback from the companies involved and also good feedback from ongoing client dialogue.

Also, we have noted with interest that corporate access to senior management at investee companies sometimes improves when the agenda is non-financial related, for example on ESG related topics.

Key performance indicator

          ESG issues are assessed for every company before they form part of the investment strategies.
        

Progress achieved

Our efforts to accelerate our direct ESG specific company engagements have led to even more awareness of relevant issues and has therefore broadened and deepened our ESG research knowledge base even further. This additional understanding has led to improved ESG incorporation into investment decision making processes.

Therefore, the progress achieved has therefore been a better decision-making process where increasingly more ESG factors are considered during the fundamental analysis.

Financial performance of investments

ESG characteristics of investments

Key performance indicator

          Continuously review research providers data
        

Progress achieved

Through external research and internal qualitative assessment to enhance the overall ESG rating of portfolio

Other activities

Key performance indicator

          All employees throughout the organisation are encouraged to participate in RI initiatives.
        

Progress achieved

We participate on a regular basis in RI initiatives and events around the world, such as forums, conferences and seminars, as well as specific one-on-one dialogue with clients/investors and companies we invest in.

We are a member of all Nordic SIFs, i.e. Dansif, Swesif, Finsif, and Norsif and participate actively in these forums.

Furthermore, we have been invited to speak at seminars on ESG and sustainability, where we address how we work with and integrate ESG in investment decisions.

Key performance indicator

          Engage directly with companies
        

Progress achieved

Successful engagement with companies where outcomes are disclosed in our quarterly ESG reports to clients

06.2. Additional information.


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