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Pictet Asset Management

PRI reporting framework 2020

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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

02.2. Indicate whether your organisation plays a role in the engagement process that your service provider conducts.

02.3. Indicate the role(s) you play in engagements that your service provider conducts on your behalf.

          Sometimes we will discuss all aspects of an existing engagement with our service provider and we may participate directly in the engagement too.
        

02.4. Additional information. [Optional]

In addition to our investment in corporates, we also invest in a number of sovereign issuers for our fixed income strategies. In order to do this well, we need to have a comprehensive understanding of factors that could drive or hinder long-term growth prospects for those countries.

Factors that we may raise include education, social reform, health issues, environmental degradation or depletion of natural resources, and inequality. As one can imagine, when we raise some of the more sensitive topics, we wish that it will increase their awareness of such issues and eventually implement policies to address them.


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

specify

          We may also prioritise companies based on the number of investment teams with exposure as this may enhance the efficacy of our engagement.
        
Collaborative engagements

Collaborative engagements

specify

          We may join collaborative engagements based on the relevance of the collaboration, method of engagement and the credibility of associated partners.
        
Service-provider engagements

Service-provider engagements

specify

          Corporate governance weaknesses
        

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
Service-provider engagements

04.2. Additional information. [Optional]

Engagement objectives are set for all engagement activty at Pictet Asset Management. Progress against these objectives is tracked over time using a milestone system. In case of an unsuccessful outcome, we must consider whether it is in the best interest of our clients to remain invested in the issuer.


LEA 05. Process for identifying and prioritising collaborative engagement

Indicate whether you monitor and/or review engagement outcomes.
Individual / Internal staff engagements
Collaborative engagements
Service-provider 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
Service-provider engagements

05.3. Additional information. [Optional]


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.

          Supporting a shareholder resolution
        

06.3. Additional information. [Optional]


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

07.1. Indicate whether insights gained from your organisation`s engagements are shared with investment decision-makers.

Type of engagement

Insights shared

Individual / Internal staff engagements

Collaborative engagements

Service-provider engagements

07.2. Indicate the practices used to ensure that information and insights gained through engagements are shared with investment decision-makers.

07.3. Indicate whether insights gained from your organisation’s engagements are shared with your clients/beneficiaries.

Type of engagement

Insights shared

Individual/Internal staff engagements

Collaborative engagements

Service-provider engagements

07.4. Additional information. [Optional]

Our annual Active Ownership Report for 2019 covering proxy voting, corporate engagement and stewardship will be available in May 2020. In addition, further insights into our engagement activity are made available to all clients upon request.


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

Service-provider engagements

08.2. Additional information. [Optional]

Our external provider provides Pictet Asset Management with regular reporting and full disclosure on the number of engagements conducted and full details on the activity/progress etc of each engagement conducted.


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