Public HTML RI reports - PRI reporting framework 2020

	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		657	10
Collaborative engagements		9	1

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	>76% 51-75% 11-50% 1-10% None
2 to 3 interactions	>76% 51-75% 11-50% 1-10% None
More than 3 interactions	>76% 51-75% 11-50% 1-10% None
Total	100%

09.3. Indicate the percentage of your collaborative engagements in which you were the leading organisation during the reporting year.

Type of engagement	% leading role
Collaborative engagements	>50% 10-50% <10% None

09.5. Additional information. [Optional]

Out of a total of 666 engagement interactions recorded by the Stewardship Teams globally for the period, there were 102 companies with more than one interaction, and 13 with 3 or more interactions. The largest recorded number of interactions was 6, with a large European pharmaceutical company. Please note these figures are for dedicated ESG engagements, and do not include ESG discussions in investor-led or scheduled 1-2-1 meetings.

LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

Letters and emails to companies

In a minority of cases

In a majority of cases

In all cases

Meetings and/or calls with board/senior management

In a minority of cases

In a majority of cases

In all cases

Meetings and/or calls with the CSR, IR or other management

In a minority of cases

In a majority of cases

In all cases

Visits to operations

In a minority of cases

In a majority of cases

In all cases

Visits to supplier(s) in supplier(s) from the company’s supply chain

Participation in roadshows

In a minority of cases

In a majority of cases

In all cases

Other

10.2. Additional information. [Optional]

ESG engagements are typically initiated either by letter, or as part of a scheduled 1-2-1 meeting. These will then usually be followed up with a dedicated ESG meeting, either with non-executive directors, committee chairs, or CSR specialists where they exist. Larger listed companies also now undertake ESG roadshows, in parallel to their main investor roadshows. We will attend these when we are a material shareholder, or if there is a new or ongoing issue we wish to discuss.

LEA 11. Examples of ESG engagements (Private)

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