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Capital Group

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital is a signatory to this initiative, actively attends conferences and engages with the PRI on relevant matters.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

A senior Portfolio Manager is the Vice Chairman of the ACGA and Capital sponsored an investor luncheon in Beijing at the 2018 annual conference.

Capital actively participates as an investor member in the ACGA through regular meetings, position papers, consultation responses and public presentations at ACGA-organised corporate governance events. Capital promotes good corporate governance standards in Asia and plays it's part in influencing regulators and stock exchanges to demand higher governance standards.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our Corporate Governance Specialist is a member of the CII Corporate Governance Advisory Council which has involved meetings at CII conferences and occasional teleconferences for industry updates.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital actively participates as an investor member in the quarterly calls to promotes good corporate governance standards in the Netherlands. Our ESG manager sits on Eumedion’s Investment Committee.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital is an active participant in the ICGN and contributes by attending events, participating in the ICGN’s Shareholder Rights Committee, providing input into ICGN’s upcoming Viewpoint on Shareholder Proposals, as well as providing analysis of potential impacts of the proposed SEC rule change to raise submission thresholds for US shareholder proposals.

          The Investor Forum
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital actively participates as an investor member in The Investor Forum through regular dialogue and meetings.  Capital promotes good corporate governance standards globally aided by Ida Levine, a Director and Senior Advisor at Capital Group who sits on the board of directors at The Investor Forum. 

 

          Sustainability Accounting Standards Board’s (SASB)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital's Vice Chairman, Robert W. Lovelace is in the Investor Advisory Group (IAG) that comprises leading asset owners and asset managers who recognise the need for consistent, comparable and reliable disclosure of material and decision-useful ESG information. Capital is an Alliance tier member of the Sustainability Accounting Standards Board’s (SASB).

          Governance Principles
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Capital's Chairman, Timothy D. Armour, was involved in the release of the Commonsense Principles of Corporate Governance (available at http://www.governanceprinciples.org) in 2016, with a coalition of financial firms and public corporations who issued a set of Corporate Governance Principles intended to elevate and promote the conversation around good corporate stewardship. As a leader in the global investment management industry, we take an active role in encouraging and defining effective corporate governance.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Provided training for clients and broker/dealers on ESG best practices.
        

Frequency of contribution

Description

          Our in-house Forensic Accountant expert regularly meets with Stock Exchanges, custodians, companies as well as Securities regulators to encourage a more transparent, participatory and law-based governance system.
        

Frequency of contribution

Description

          Capital has spoken at public events to promote responsible investment, such as Asian Private Banker Summit, 100 Women in Finance panel on sustainability, Women in Communications and Technology panel on sustainable investing, Women Corporate Directors event, the Fall Engagement Summit, round table with public pension funds, panel participation at The Funds Forum.
        

Frequency of contribution

Description

          We completed two in-house projects on market by market assessment of responsible investment trends.
We completed an in-house white paper on Diversity and Inclusion in an investment organisation.
        

Frequency of contribution

Description

          SASB and ACGA as detailed previously
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Our Forensic Accountants held regulatory meetings in Beijing, Shanghai and Hong Kong with Stock Exchanges, custodians, as well as Securities regulators to encourage a more transparent, participatory and law-based governance system.

• China markets outlook for foreign investor access

• Regulatory and operational issues for A shares, Stock & Bond Connects and Chinese VIEs

• China accounting and governance hot topics

• Sentiment at US and European MNCs

• Upcoming political events

EU Commission task force on sustainable finance.


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