Quarterly Engagement Reports
As part of its members' commitment to the UK Stewardship Code and transparency in the marketplace, LAPFF publishes an overview of its engagement activities with UK and global companies.
Highlights: LAPFF holds another successful Annual Conference in Bournemouth; strategic resilience resolution follow up continues; corruption raised at a number of LAPFF engagements; Sports Direct a ‘no show’ at meeting with LAPFF
Highlights: LAPFF joins with Carbon Tracker to launch report on why a two degree business model is less risky than ‘business as usual’ for oil companies; LAPFF supports human capital shareholder resolution at Sports Direct AGM; National Grid publishes scope three emissions in response to LAPFF’s request
Highlights: Spotlight on LGPS Pools – LAPFF hosts seminar on responsible investment, shareholder rights and pooling; Launch of the All Party Parliamentary Group on Local Authority Pension Funds; Strategic resilience resolutions at Rio Tinto, Glencore and Anglo American get voted through; Engagement with Total leads to carbon risk reporting and further meetings with the Company; LAPFF Vice Chair Ian Greenwood speaks to the BBC on BP remuneration; LAPFF attends 13 AGMs during the quarter.
Highlights: LAPFF membership reaches 70 funds, welcoming Sutton as the Forum’s newest member; LAPFF Chairman cited for work on promoting the legal standard of true and fair view for accounting standards; strategic resilience resolutions co-filed to Rio Tinto, Anglo American and Glencore supported by all three Company Boards; Corporate Tax Transparency Initiative engagement meetings yield fruitful information; LAPFF welcomes new members to the Executive Committee; and LAPFF remembers former LAPFF Chair and Lord Mayor of Bradford, Cllr Bob Sowman.
Highlights: LAPFF 20th Annual Conference: 20 Years of Responsible Investment – Where Next?; ST Engineering quits cluster munitions in part due to LAPFF engagement; LAPFF contacts all FTSE350 companies regarding IFRS 9; Co-filing strategic resilience resolutions with Rio Tinto, Anglo American and Glencore; and Corporate Tax Transparency Initiative engagement begins next phase.
Highlights: Meetings with Barclays, RBS and HSBC to discuss the implications of Mr Bompas QC’s second legal opinion on the interpretation of ‘true and fair value’ in accounts; National Grid, BT, Vodafone and SSE Annual General Meeting (AGM) attendance on climate strategy, remuneration; gender diversity; carbon emission reductions; and board and auditor independence; participation in an Equality and Human Rights Commission Inquiry roundtable on the recruitment and appointment of board directors, including the appointment of women; investor letter co-signed by LAPFF to support the Business Supply Chain Transparency on Trafficking and Slavery Act of 2015; consultation response to the Hong Kong Stock Exchange advocating mandatory reporting on carbon emissions.
Highlights: Shareholders overwhelmingly support the strategic resilience resolutions co-filed by LAPFF funds at Shell and BP; high levels of support for labour relations resolution filed to National Express AGM; LAPFF joins clinical trials transparency initiative; AGM attendance included Balfour Beatty, Carillion, Next, and Rio Tinto; company meetings included ABF and Barclays.
Highlights: Shell and BP boards advise voting in favour of strategic resilience resolutions; engagement with Swiss pharmaceutical companies on governance and remuneration; progress with Malaysian and US companies on sustainable palm oil.
Highlights: co-filing carbon risk resolutions to Shell and BP AGM, engagement on cluster munitions and labour relations, BG on executive pay, News Corp, Sky and 21st Century Fox on board composition
Highlights: More AGMs including Betfair, Burberry and National Grid on illegal dividends, executive pay and carbon management; sustainable palm oil success, engagement over a range of company domiciles
Highlights: AGMs, remuneration,carbon management, employment standards, Barclays, Rio Tinto, National Express, Impact Investing, FRC Consultation response
Highlights: Holdings Based Engagement, Accounting Standards, Palm Oil, Employment Standards, Engaging with Policy-Makers
Highlights: Standard Chartered, M&S on Executive Pay, carbon asset risk, funds co-file at National Express
Highlights: Marks & Spencer AGM, Lonmin, Kier Group on blacklisting, Burberry on pay
Highlights: Voting Alerts, QC opinion on IFRS, Associated British Foods, Centrica, Imperial Tobacco
Highlights: News Corp AGM, People & Investment Value, IFRS, National Express, RBS.
Highlights: the banks & IFRS, Lonmin, News Corp and Rolls-Royce.
Highlights: Barclays, HSBC, Royal Bank of Scotland, News Corp, Goldman Sachs, BP, Shell.
Highlights: easyJet, Afren, Cable & Wireless Worldwide, Goldman Sachs, Heineken.