Outsourcing of active ownership activities is restricted solely to proxy voting
Our engagements are in the normal course of business and tend to be more preventive in nature. However, there are cases where our engagement is reactive to address issues that have occurred (approximately 20% of engagements).
The engagement is carried out by a team that is created ad hoc, and typically includes the lead analyst, fixed income if they are an issuer in fixed income, and at least one portfolio manager that owns the stock in their portfolio. Depending on the severity of the ESG risk, the team ranges from 1 – 8 people.
We seek to engage with board representatives, including the Chair of the Board, CEO and CFO. Our goal is to influence change and the approach differs depending on our relationships with the board or company.
Our organization typically engages on gender diversity on the Board, and senior management.
We currently track the engagements we participate in. We discuss relevant engagements with clients and will discuss any ESG issues they would like to engage on.