This report shows public data only. Is this your organisation? If so, login here to view your full report.

Active Super

PRI reporting framework 2020

Export Public Responses
Pdf-img

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

Indicate the proportion of companies in your listed equities portfolio with which your organisation engaged during the reporting year.
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

10
0.9

Collaborative engagements

21
1.8
Service-provider engagements
203
1.7

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
2 to 3 interactions
More than 3 interactions
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

09.4. Indicate the percentage of your service-provider engagements in which you had some involvement during the reporting year.

Type of engagement

% of engagements with some involvement
Service-provider engagements

09.5. Additional information. [Optional]

The above information applies to our Australian listed equities investments. We do not proactively engage with international companies due to limited resources however we have passively participated in a number of collaborative engagements with international companies and organisation e.g. co-signing letters (Facebook).


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

ACSI seeks companies disclose reliable and sufficiently granular information for investors in line with the TCFD Framework that provides insights into how the company manages climate risks and how they are resilient under a low carbon economy. ACSI assesses companies against the following areas:

  • Climate transparency, governance & policy
  • Transition risk management and disclosure
  • Physical risk management and disclosure
  • Paris-aligned targets
  • Just transition
  • Industry associations
Scope and Process

ACSI’s focus is on 20 ASX300 companies from materials & building, energy, transport and insurance sectors.

Climate change was a topic of discussion raised with all 20 priority companies, and more broadly with other ASX300 companies who have a material exposure. In 2019, 18 of 20 companies progressed against our company specific objectives

On average, ACSI met with all climate-risk priority companies twice and some companies up to five times.

Outcomes
ESG Topic
Labour practices and supply chain management
Conducted by
Objectives

Targets are bespoke to each company and are around improving their disclosure, governance, oversight and management of risks across the following areas:

  • wage fraud
  • supply chain and human rights
  • franchising
  • modern slavery

An example for one company would be that ‘ACSI is seeking to have the company report to a best practice standard on their labour hire suppliers’ performance’.

Scope and Process

ACSI focus is on 10 companies in the ASX300 who have a material exposure to human capital risks. This includes wage fraud, supply chain and human rights, franchising and modern slavery risks.

ACSI met formally with each priority company at least once and saw 8 out of the 10 companies make some material progress. 

Outcomes
ESG Topic
Diversity
Conducted by
Objectives

ACSI’s extended our gender diversity campaign to the ASX300 with the aim to increase the representation of women on company boards to 30%. Our objectives at companies were to see women appointed to the board and/or a commitment or demonstration of how they plan to achieve 30%.

Scope and Process

ACSI targeted 81 ASX300 companies who have either zero or one woman on their board, at the start of 2019. The engagement was conducted through face-to-face meetings, teleconferences, formal letters and proxy voting.

Of the 81 companies targeted at the start of 2019, 34 companies appointed a female director to their board. Our program included 75 meetings with these target companies and resulted in ACSI opposing 16 director re-elections as they failed to demonstrate a plan to reach 30% women on their board.

Outcomes
ESG Topic
Executive Remuneration
Conducted by
Objectives

Improve aspects of remuneration practices and structure. These improvements included improving pay-for-performance alignment, the cessation of retention plans, making hurdles more challenging, introducing executive and director minimum shareholding requirements.

Scope and Process

ACSI had 37 ASX300 companies as priority targets for remuneration issues.

Of the 37 remuneration priority companies ACSI saw over 70% of them improve their remuneration practices and structures.

Outcomes

11.2. Additional information. [Optional]


Top