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PRI reporting framework 2020

Export Public Responses

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Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort

Indicate the proportion of companies in your listed equities portfolio with which your organisation engaged during the reporting year.
We did not complete any engagements in the reporting year.

Number of companies engaged

(avoid double counting, see explanatory notes)

Proportion of companies engaged with, out of total listed equities portfolio

Individual / Internal staff engagements


09.2. Indicate the breakdown of engagements conducted within the reporting year by the number of interactions (including interactions made on your behalf).

No. of interactions with a company
% of engagements
One interaction
2 to 3 interactions
More than 3 interactions

09.5. Additional information. [Optional]

LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

10.2. Additional information. [Optional]

All the information regarding engagement is recorded, stored on the company network and made available to all in order to be used by analysts and fund managers in investment decision-making.

LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

ESG Topic
Executive Remuneration|General ESG|Diversity|Sustainability reporting|Cyber security
Conducted by

We engaged with an issuer on its global ESG policy and to discuss specific issues. Our objectives were to get answers on specific ESG issues raised before the meeting.

Scope and Process

The dialogue with the issuer was quite broad and allowed us to get a deeper understanding of the overall ESG and CSR strategy of the issuer. The main focus of discussion was on the criteria selected for the executive remuneration (and their appropriateness), the efforts of the company to increase the gender diversity, the evolution of the governance and the composition of the audit committee. Some points could be answered (when asked about the percentage of the consumed electricity coming from renewable sources for example) but the issuer committed to improve its transparency and the depth of its ESG/CSR reporting.

ESG Topic


Conducted by

Encourage the issuer to increase the gender diversity of its board of directors and top management.

Discuss the issuer's policy regarding access to medicines

Scope and Process

We adressed the gender diversity first because we were concerned about the relatively low percentage of women in the board of directors and top management. The issuer acknowledged its difficulties in increasing the gender diversity but confirm that they are diligently trying to and had made recent appointments.

Regarding the access to medecine, especially for low income patients or emerging markets, the issuer explained they have implemented specific policies, either linking drug prices to purchasing power parity or encouraging the expansion of their generic division.

ESG Topic
Health and Safety|Labour practices and supply chain management
Conducted by

Follow up on a controversy linked to understaffed medical retirement homes

Scope and Process

The company acknowledged that some retirement homes had difficulties to recruit staff but denied that patients' health and safety were put at risk. The company committed to a significant hiring process to increase the number of staff per patient.


11.2. Additional information. [Optional]