Maple-Brown Abbott has a long standing commitment to integrating Environmental, Social and Governance (ESG) factors into our investment process. Maple-Brown Abbott’s ESG strategy was formalised in 2008 when the Board approved our first ESG policy and we became a signatory to the United Nations Principles of Responsible Investing (UNPRI).
In September 2013, Maple-Brown Abbott’s Board approved three new ESG related policies covering our Responsible Investment, Proxy Voting and Engagement activities. These policies supercede our previous policies and enhance the integration of ESG into our investment process.
A summary of our key commitments under the new Responsible Investment, Proxy Voting and Engagement policies is provided below along with a link to each of the policies.
- Reaffirmed our commitment to meeting our obligations under the UNPRI;
- Defined organisational responsibilities for the management and execution of each aspect of our policies;
- Broadened coverage to include Maple-Brown Abbott’s core asset exposures being Australian and self-managed international listed equities;
- Refined the policy implementation process, including execution, documentation and monitoring requirements;
- Facilitated training and external adviser support;
- Undertook to enhance ESG related stakeholder reporting; and
- Specified examples of ESG issues considered in the investment process and engagement activities.
Maple-Brown Abbott only considers ESG issues to the extent that they financially affect a particular investment. We do not specify minimum standards nor do we use any specific methodology in assessing ESG factors. We do not use a weighting system nor do we screen out any specific sector or company. Investments are monitored for their ongoing performance relating to ESG issues, but there is no set approach, specific measures nor any specific time frame set for this monitoring, and any trading decisions are made on a case by case basis.
For more information on our Proxy Voting Policy, including a summary of the proxy voting outcomes for each of our Australian and Asian Trusts and the Maple-Brown Abbott Global Listed Infrastructure Fund, please refer to the Proxy Voting Policy.