Majedie | ESG

ESG Policy

Policy as at:
09/07/2021

Overview

Majedie Investments PLC(MI) is self managed and delegates fund management to funds managed by Majedie Asset Management Limited (MAM). As described in the annual report, the Board of MI supports the approach that MAM takes to ESG factors in its management of MI’s assets.

Materiality

ESG factors are potentially material to the companies in which MI invests. It is critical to determine the materiality of these for each individual holding. In so doing, an accurate assessment may be made for both investment decisions and the focus of engagement with companies held in the portfolio. As well as potential ESG opportunities, MAM considers the downside risk to any company – whether in the form of its business prospects or market valuation or sustainability of dividends – that is perceived to be making a detrimental contribution to issues such as climate change. Further information about the integration of ESG factors into MAM’s investment process are set out here:

https://www.majedie.com/wp-content/uploads/2021-03-Majedie-ESG-Integrat…

Approach

MAM also reviews its overall approach to ESG in a detailed annual report, which contains a wide range of investment examples, here:

https://www.majedie.com/wp-content/uploads/Responsible-Capitalism-Repor…

Support for industry initiatives

MAM supports a wide variety of industry initiatives – links to those to which it is a signatory are shown below. [PRI, Net Zero Asset Managers Initiative, UK Stewardship Code, TCFD, Climate Action 100+]

https://www.unpri.org/

https://www.netzeroassetmanagers.org/

https://www.frc.org.uk/investors/uk-stewardship-code

https://www.fsb-tcfd.org/

https://www.climateaction100.org/

Voting

MAM exercises MI’s voting rights and reports these decisions regularly to the Board. MAM believes that the voting of proxies should be undertaken by the same team that manages the assets. Upcoming votes are often a reason for communicating with an investee company. Indeed, many of the engagements with portfolio holdings relate to voting decisions. MAM’s voting principles can be accessed here:

https://www.majedie.com/wp-content/uploads/Proxy-Voting-Principles.pdf

Engagement

Overall, MAM aims for its companies to be as strong as possible across the spectrum of their operations. They talk with companies about the issues that matter most to each investment – the areas that will have the greatest long-term impact on the company’s ability to perform in the long run. The aim is for all companies in the portfolio to be better tomorrow than they are today, in as many ways as possible.

Contact details

For further information, please contact MI at majedie@majedieinvestments.com or call on 020 7382 8170.

Useful links

Company Website
ESG