Company-specific insights gained from engagement activities are recorded in our shared SYCOVALO database and hence systematically available for all portfolio management team members. Investment managers who consider this information useful for their investments are encouraged to use it. Also, the ESG team is fully integrated to the investment team so there is a continuous dialogue on ESG issues within the investment team.
When the outcome of an engagement is judged unsatifsfactory, this will be reflected in the SPICE analysis of the concerned company. Following this downgrade of the SPICE rating and depending on each fund's selection process, the company might become ineligible to some or all SRI portfolios. In this case, an internal process held by the Compliance team ensures that the positions are sold accordingly.
Highlights from our engagement activities are systematically shared with clients through our annual Sycoway as an investor report. Some company-specific insights gained from engagement are used as examples but this is not exhaustive. On demand, we provide regular client-specific reports detailing all company-specific engagement activities and insights.