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Loomis, Sayles & Company, L.P.

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Engagement

Engagement

LEA 02. Reasoning for interaction on ESG issues

Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual / Internal staff engagements
Collaborative engagements
Service provider engagements

02.2. Indicate whether your organisation plays a role in the engagement process that your service provider conducts.

02.4. Additional information. [Optional]

Internal engagement - analysts and investment teams:  We are raising awareness and educating our investment teams about the need for additional ESG disclosure by corporate issuers.  More specifically, we are beginning to see engagement examples from our investment professionals that reflect issuers' progress in certain fundamental E, S, or G areas.  However,  the companies are not always disclosing their progress or key data metrics in their financial statements.  The transparent and comparable disclosure of fundamental factors, including ESG specific issues, is important to our investment professionals, so they have increasingly been encouraging this disclosure as part of their engagement.

Internal engagement - the firm: As a firm, we have chosen two focus areas in 2020:  climate change and ESG data. We expect to engage as a firm in both areas, and will report back next year with progress.

Collaborative engagements:  Our firm is part of the Association for Institional Investors (AII), and our ChiefOperating Officer is serving as its president.  This group consists of the largest Boston area asset managers, along with accounting firms, exchanges, and other industry participants. The group is currently working with eVestment to establish standards to gather information about each firm's ESG work and activiity.  Our goal is to help improve the efficiency and effectiveness of information gathering, and influence standardized disclosures of the key ESG factors.

Service provider engagements:  We are in the process of signing up to be a supporter of the TPI (Transition Pathways Initiative). 

We refer the reader to our Proxy Voting Policy and Procedures, and our Stewardship Code Policy Statement.  Together, these documents form our external policy statements on active ownership.  In addition, we are interpreting these questions to include active ownership policies across the equity investment teams, even though they may not be reduced to writing.


LEA 03. Process for identifying and prioritising engagement activities

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

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagements.

Indicate the criteria used to identify and prioritise engagements for each type of engagement.
Type of engagement
Criteria used to identify/prioritise engagements
Individual / Internal staff engagements

Individual / Internal staff engagements

Collaborative engagements

Collaborative engagements

Service-provider engagements

Service-provider engagements

03.3. Additional information. [Optional]

We refer the reader to our Proxy Voting Policy and Procedures, and our Stewardship Code Policy Statement.  Together, these documents form our external policy statements on active ownership.  In addition, we are interpreting these questions to include active ownership policies across the equity investment teams, even though they may not be reduced to writing.


LEA 04. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Indicate whether you define specific objectives for your organisation’s engagement activities.
Individual / Internal staff engagements
Collaborative engagements
Service-provider engagements

04.2. Additional information. [Optional]

At the firm level, the objectives are often set by the Chief Executive Officer, the firm's management committee, which consists of all its Board members, or the ESG Working Committee.  Objectives can range from simply striving for increased transparency, or increased standardization across industry groups to lower the burden and complexity of reporting.  We also have thematic investment objectives as well, set by the firm.  For example, our key initiative in 2020 is to ensure that climate change risks and opportunities are incorporated into our research across all asset classes.

At the investment team level, each investment team is encouraged to establish their own engagement process and priorities.  


LEA 05. Process for identifying and prioritising collaborative engagement

Indicate whether you monitor and/or review engagement outcomes.
Individual / Internal staff engagements
Collaborative engagements
Service-provider engagements
Indicate whether you do any of the following to monitor and/or review the progress of engagement activities.
Individual / Internal staff engagements
Collaborative engagements
          For example:   Our collaborative work with the Association for Institutional Investors includes monthly meetings and minutes where we review progress.
        

05.3. Additional information. [Optional]

We maintain an ESG Engagement Database where both equity and fixed income analysts document their engagement with issuers.  Each investment team identifies the key goals of their team engagement, and monitors progress in the manner that they believe is most effective for their team process.


LEA 06. Role in engagement process

06.1. Indicate whether your organisation has an escalation strategy when engagements are unsuccessful.

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

06.3. Additional information. [Optional]


LEA 07. Share insights from engagements with internal/external managers

07.1. Indicate whether insights gained from your organisation`s engagements are shared with investment decision-makers.

Type of engagement

Insights shared

Individual / Internal staff engagements

Collaborative engagements

Service-provider engagements

07.2. Indicate the practices used to ensure that information and insights gained through engagements are shared with investment decision-makers.

          Engagement topics are chosen within each equity team, based on the assessment of materiality by the team.
        

07.3. Indicate whether insights gained from your organisation’s engagements are shared with your clients/beneficiaries.

Type of engagement

Insights shared

Individual/Internal staff engagements

Collaborative engagements

Service-provider engagements

07.4. Additional information. [Optional]


LEA 08. Tracking number of engagements

08.1. Indicate whether you track the number of your engagement activities.

Type of engagement
Tracking engagements
Individual/Internal staff engagements​

Collaborative engagements

Service-provider engagements

08.2. Additional information. [Optional]

As described in previous questions, we maintain an ESG Engagement Database in which each analyst documents engagement.


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