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Ardevora Asset Management LLP

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

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

02.4. Additional information. [Optional]

To help make sure Ardevora vote client proxies in accordance with our Proxy Voting policy and in the best interests of our clients, Ardevora have established a Responsible Investment Committee (“RIC”) which, inter alia, is responsible for overseeing the proxy voting process. 

As part of the annual approval process, the RIC will review the retained third-party Proxy Administrator’s proxy voting guidelines and their wider services, addressing any concerns as they arise.


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

Service-provider engagements

Service-provider 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
Service-provider engagements

04.2. Additional information. [Optional]


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

05.3. Additional information. [Optional]

Ardevora have implemented an engagement tracker to ensure all engagement activities are recorded, monitored and measured. Any insights captured from each engagement will be distributed to appropriate staff within Ardevora by the Responsible Investment Committee ("RIC") and further used to enhance subsequent 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.

          Being increasingly assertive, directing a question at an AGM, filing a shareholder resolution, calling an EGM, and or making a formal complaint to a regulator.
        

06.3. Additional information. [Optional]

As per Ardevora's Engagement policy, if engagement does not lead to the desired change or a satisfactory response, Ardevora may consider taking further measures, which could include: 

  • Being increasingly assertive; 
  • Proxy voting (if not already done);
  • Directing a question at an Annual General Meeting ("AGM"); 
  • Filing a shareholder resolution; 
  • Calling an Extraordinary General Meeting ("EGM"); and/or, 
  • Making a formal complaint to a regulator. 

Ardevora could exclude an investee from its investment universe; however, this is considered to be an action of last resort.


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

Service-provider engagements

08.2. Additional information. [Optional]


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