If material issues arise in the internally managed portfolio investment staff will progress engagement directly with investee companies. Additionally, engagement may be taken forward through a collaborative route if a suitable opportunity is available and the likelihood of having an influence on a company is greater.
LPPI is networked with a number of groups and representative organisations which help to facilitate joint engagement alongside other pension funds and investment managers. Examples include the Pensions and Life Saving Association (PLSA) the UK Pension Scheme RI Roundtable, PRI, the LGPS Cross Pool RI Group, and Climate Action 100+.
LPPI works with an external provider of proxy voting services and we identify shareholder voting as part of our engagement activities. We review detailed meeting information and the in-depth company analysis produced by our proxy voting provider as part of our decision-making on voting and engagement themes and priorities. Separately, our provider engages with individual companies as part of the process leading to the production of proxy voting analysis and voting recommendations.