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Renaissance Property Securities Pty Ltd

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Engagement

Engagement

LEA 02. Reasoning for interaction on ESG issues

Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual / Internal staff engagements
Collaborative engagements
Service provider engagements

02.4. Additional information. [Optional]


LEA 03. Process for identifying and prioritising engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagements.

Indicate the criteria used to identify and prioritise engagements for each type of engagement.
Type of engagement
Criteria used to identify/prioritise engagements
Individual / Internal staff engagements

Individual / Internal staff engagements

Collaborative engagements

Collaborative engagements

03.3. Additional information. [Optional]


LEA 04. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Indicate whether you define specific objectives for your organisation’s engagement activities.
Individual / Internal staff engagements
Collaborative engagements

04.2. Additional information. [Optional]

Our objectives can be categorised into 2 types:

  1. Information objectives - where we want to understand something better, eg. we seek detailed explanation of a company's strategy on specific ESG issues. This may be because we wish to understand the potential financial impact on the company, and/or because we wish to assess the robustness of the company's ESG practices.
  2. Change objectives - where we wish to influence the company to change or improve their ESG practices and/or disclosures.

LEA 05. Process for identifying and prioritising collaborative engagement

Indicate whether you monitor and/or review engagement outcomes.
Individual / Internal staff engagements
Collaborative engagements
Indicate whether you do any of the following to monitor and/or review the progress of engagement activities.
Individual / Internal staff engagements
Collaborative engagements

05.3. Additional information. [Optional]

With respect to 5.2, we note that Renaissance Property Securities has a small team of 2 portfolio managers who also engage with companies on ESG issues. Therefore, the tracking and monitoring of outcomes is not separated from the engagement activities.


LEA 06. Role in engagement process

06.1. Indicate whether your organisation has an escalation strategy when engagements are unsuccessful.

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

06.3. Additional information. [Optional]

Renaissance Property Securities prioritises the interests of its clients in determining the appropriate escalation strategy in each case.


LEA 07. Share insights from engagements with internal/external managers (Private)


LEA 08. Tracking number of engagements

08.1. Indicate whether you track the number of your engagement activities.

Type of engagement
Tracking engagements
Individual/Internal staff engagements​

Collaborative engagements

08.2. Additional information. [Optional]

Our formal engagement with individual companies is tracked because every engagement is entered into our Engagement Register.

Our collaborative engagements are recorded on either the portfolio manager's notes following conversations with collaborators, or are recorded in emails with collaborators, so it is not as centralised as a register system.


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