In addition to the fixed income team conducting ongoing bilateral engagements with issuers of fixed income securities, in 2019 we piloted joint fixed income and equity engagements in company meetings led by the Responsible Investing team. We found that with the majority of ESG issues, there is a joint interest between equity and fixed income teams in enhancing ESG best practice and disclosure and therefore combining debt and equity positioning provides further leverage to change company behavior. In 2020 we plan to further systematize these joint engagements.
Beyond engaging on ESG practice and disclosure, we engage with issuers on impact opportunities and disclosure to encourage more consistent and high-quality reporting on the outputs and outcomes of the projects. Nuveen actively educates issuers and other investors on new structures, creating innovative deal types with replicable templates to enable financing impactful projects.