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The Plan has had success in persuading some investment managers to sign up to the PRI. This has been admitted by some of them albeit as part of other Plans asking them also to sign up to the initiative.
We have asked investment managers to provide exceptions report to their proxy voting activity. By ways of monitoring we ask each investment manager how they have used PRI in their overall ESG activity and provide us with their PRI reporting. We also encourage where relevant for managers to sign up to other initiatives namely, FRC Stewardship Code
As part of the monitoring process each manager that has not signed up to PRI are asked to explain their reasons.