Engagement and ownership

Whenever we hold a relevant position in any company, we seek to engage with the following objectives:

• Promote a dialogue with companies in order to better understand ESG challenges and opportunities;
• Encourage the adoption of best sustainability practices by companies;
• Encourage better transparency about your performance on relevant ESG topics
• Improve the level of monitoring about the investee companies' sustainable performance.

Whenever possible and relevant, we act through collective engagement actions with other investors. This process involves the definition of specific engagement criteria to cover the largest possible number of investors within relevant topics for improving companies' ESG practices.

Exercise of voting rights (proxy voting)

In line with the recommendations of the Principles for Responsible Investment, we are committed to being active and diligent in voting at meetings. For this reason, we exercise this right in order to improve environmental, social and governance performance in invested assets. We understand that this approach helps to generate value from a greater alignment of companies with the interests of shareholders. This role is put into practice by the managers of our funds.

The vote to be taken at meetings counts on the participation of analysts and managers, and will take place in accordance with our Voting Rights Policy. For ESG topics, we seek to speak out whenever the company represents a significant percentage of our funds and the content of the vote may affect the value of the assets held. Examples of ESG themes on which we can speak include:

Environmental: use of natural resources, waste management, effluents and atmospheric emissions, impacts on ecosystems and biodiversity, changes in climate.

Social: Health and safety, working conditions, relationship with communities, supply chain and relationship with customers:

Governance: transparency practices, remuneration of top management, respect for minority shareholders, quality of the board, among others.