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SBI Funds Management Private Limited

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Outputs and outcomes

Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort (Private)


LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

10.2. Additional information. [Optional]


LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

ESG Topic
Climate Change
Conducted by
Objectives
  • To understand the company's climate change initiatives
  • To get the company to improve disclosures on GHG emissions (scope 1, scope 2, scope 3)
  • To get the company to align to TCFD based disclosures
  • To get the company to set mid-term and long-term targets for carbon reduction
Scope and Process
  • SBIFMPL got involved with the discussions with the company along with other collaborators and attended all calls and meetings.
  • Since SBIFMPL is based in India, we leveraged our experience with the domestic market to provide observations and suggestions to the company
  • SBIFMPL prepared a global best practice report to reduce carbon emissions in aluminium companies
  • SBIFMPL also prepared a domestic best practice report to reduce carbon emission from mining and aluminium sector in India
  • SBIFMPL conducted a secondary review of renewable energy opportunities in the states where the company has operations and provided the data to the company for scoping renewable energy exploration in the regions
Outcomes
ESG Topic
General ESG|Sustainability reporting
Conducted by
Objectives
  • To improve ESG disclosures of the company
  • To initiate better monitoring of environmental and social data and subsequent reporting
  • To improve ESG scores and performance in the long run
Scope and Process
  • SBIFMPL engaged with the Indian pharmaceutical company after a detailed study of their disclosures. We noted that their disclosures on ESG initiatives were lean due to which their ESG score was very low
  • Telephonic conversations and meetings with the management were held to explain the importance of ESG based disclosures and how responsible investors value sustainability performance of organisations
  • Company seemed to have processes for resource and emission optimisation, but public reporting was not being done
  • SBIFMPL discussed how existing disclosures could be used to report on ESG based initiatives
  • SBIFMPL also made a best practice report and shared with the company to showcase good examples of Pharma companies having better ESG initiatives/disclosures
Outcomes

11.2. Additional information. [Optional]


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