It is the same group of investment analysts and portfolio managers that undertake our stewardship activities. In baking it into our process in this way, it naturally means that it drives investment decisions. Topics for engagement are those that we believe are material to our thesis on a company. The investment team meets at least on a daily basis to update the broad group on companies, and uses this forum as a way to communicate learnings from company engagement. These meetings also serve as "brainstorming" sessions in terms of the topics the group need further comfort on, and the best ways to approach it with the company and other stakeholders.
In terms of client communications, we coomunicate engagement progress and examples on an annual basis.
References to collaborative engagement refers to our focus on Palm Oil, which we identified in 2010. We realised that although the FMCG companies that we cover play an important role in the procurement side of Palm Oil, creating a sustainable Palm Oil industry ultimately requires coordination from many different stakeholders including growers, processors, traders and governments.
We founded a collaborative engagement group via the UN PRI investor network now known as the Investor Working Group (IWG), which aims to mobilise investors and use their influence to promote a sustainable palm oil industry through applying the framework set out by the RSPO.
A partner at Generation, Mark Mills, chairs the IWG. Mark shares the progress and insights gained from the work of the IWG internally with the Firm via internal mechanisms in place for firm-wide communication.