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PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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	To influence corporate practice (or identify the need to influence it) on ESG issues To encourage improved/increased ESG disclosure To gain an understanding of ESG strategy and/or management We do not engage via internal staff
Collaborative engagements	To influence corporate practice (or identify the need to influence it) on ESG issues To encourage improved/increased ESG disclosure To gain an understanding of ESG strategy and/or management We do not engage via collaborative engagements
Service provider engagements	To influence corporate practice (or identify the need to influence it) on ESG issues To encourage improved/increased ESG disclosure To gain an understanding of ESG strategy and/or management We do not engage via service providers

02.4. Additional information. [Optional]

The emphasis on engagement thus far has been for improved governance and transparency of governance issues.

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.

Yes

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

Geography/market of the companies

Materiality of the ESG factors

Exposure (size of holdings)

Responses to ESG impacts that have already occurred

Responses to divestment pressure

Consultation with clients/beneficiaries

Consultation with other stakeholders (e.g. NGOs, trade unions, etc.)

Follow-up from a voting decision

Client request

Breaches of international norms

Other; (specify)

We do not outline engagement criteria for our individual 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

All engagement activities

Majority of engagement activities

Minority of engagement activities

We do not define specific objectives for engagement activities carried out by internal staff

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

Yes, in all cases

Yes, in a majority of cases

Yes, in a minority of cases

We do not monitor, or review engagement outcomes when the engagement is carried out by our internal staff.

Indicate whether you do any of the following to monitor and/or review the progress of engagement activities.

Individual / Internal staff engagements

Define timelines/milestones for your objectives

Track and/or monitor progress against defined objectives and/or KPIs

Track and/or monitor the progress of action taken when original objectives are not met

Revisit and, if necessary, revise objectives on a continuous basis

Other; specify

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.

Yes

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

Collaborating with other investors

Issuing a public statement

Filing/submitting a shareholder resolution

Voting against the re-election of the relevant directors

Voting against the board of directors or the annual financial report

Submitting nominations for election to the board

Seeking legal remedy / litigation

Reducing exposure (size of holdings)

Divestment

Other; specify

06.3. Additional information. [Optional]

The LEA 06.2 states which escalations strategies have been used. We identify that engagments take time and during engagements for them to be succesfull new strategies need to be implemented by the BoD which could then be comprised of new members or reducing exposure could also be an indication of our views on unsuccessful changes in stategy of listed equity.

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	Yes, we track the number of our engagements in full Yes, we partially track the number of our engagements We do not track

08.2. Additional information. [Optional]

The proxy voting committee decides on engagement activities and subsequent record keeping.

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