BT has three approaches to engagement:
1. Engagement service providers being Regnan (Australia) and EOS at Federated Hermes (Global).
2. Engagement undertaken by underlying investment managers.
3. Collaborative engagement efforts, such as the Climate Action 100+.
At times, we may individually engage with companies. This scenario did not arise in the reporting period (2019).
Regnan's engagement program involves a client approval process which provides the opportunity to discuss and provide feedback on each of the items above. Engagement plans are developed with client input on the companies selected, relative priorities within the program and change objectives. In addition to monthly reporting, quarterly meetings are offered to discuss recent and upcoming engagements, including frequency/intensity and next steps for engagement.
EOS at Federated Hermes offers quarterly service review meetings and opportunities to feed into the engagement selection process as well as ad-hoc engagement progress discussions and direct participation in engagements where appropriate at client request.