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Active Ownership Report Q3 2016

Active Ownership Report Q3 2016

31-10-2016 | Active Ownership Report

"We now have approximately EUR 215.9 billion assets under engagement and EUR 47.6 assets under voting”. Carola van Lamoen, Head of Governance & Active Ownership.

  • Carola van Lamoen
    Carola
    van Lamoen
    Head of Active Ownership

Voting in Q3 2016

Engagement in Q3 2016

Social

Engaging for sustainable palm oil

Palm oil is used in many products including food and cosmetics. It is faced with several environmental and social issues that have become a reputational risk. We are engaging with companies in this industry to improve their performance on issues such as human rights, deforestation and labor standards.

Environmental

Macondo boosts risk management in deepwater drilling

After the Macondo oil spill in 2010, we started engaging with ten companies in the deepwater drilling industry. Objective was to gain insight into the risks and investment opportunities, and encourage best practices. We were impressed with the improvements and the sense of urgency we observed.

Governance

Corporate Risk Oversight in the Mining Sector – challenges of broad ESG risks

A sound corporate risk oversight is relevant for the investment process in various ways. As risk taking can lead to both profits and losses, it’s important for investors to gain insight in the specific risks that are relevant for companies and the type of policies they use to mitigate those risks. The board of directors is responsible for determining the company’s risk appetite and overseeing that management has taken adequate risk management policies and procedures.

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Disclaimer

BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.

What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:

  • who holds an Australian Financial Services License
  • who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
  • that is a body regulated by APRA other than a trustee of:
    (i) a superannuation fund;
    (ii) an approved deposit fund;
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme.
    within the meaning of the Superannuation Industry (Supervision) Act 1993
  • that is a body registered under the Financial Corporations Act 1974.
  • that is a trustee of:
    (i) a superannuation fund; or
    (ii) an approved deposit fund; or
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme
    within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.
  • that is a listed entity or a related body corporate of a listed entity
  • that is an exempt public authority
  • that is a body corporate, or an unincorporated body, that:
    (i) carries on a business of investment in financial products, interests in land or other investments; and
    (ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.
  • that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
I Disagree