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HSBC Global Asset Management
Engagement Policy 2016
Engagement Policy
We believe that environmental, social and governance (ESG) factors can have a long-term
impact on the performance of companies.
We recognise a fiduciary responsibility for the oversight of companies in which we have
invested on behalf of our clients.
ESG issues are raised by our fund managers and analysts in the course of their dialogue with
companies to the extent relevant to the investment thesis.
We have a complementary rolling programme of ESG engagement, covering a proportion of
all companies in which we are invested, whether actively or through passive / quantitative
We assess all investee companies using specialist external ESG research providers.
We contact companies to raise issues highlighted by that research, by our own investment
processes or in pursuit on particular engagement themes.
As global investors, we are sensitive to local variations in practice but we normally expect
companies to meet recognised norms such as the Global Compact, ILO standards and OECD
governance codes.
Our engagement objective is to provide companies with the opportunity to explain their
approach in the management of particular ESG issues.
Engagement may take the form of correspondence, conference calls or meetings.
The company’s response will inform our assessment of risks associated with our investment.
Integrated Structure
The following organisation chart illustrates the ESG research and corporate governance structure.
Source: HSBC Global Asset Management as of 30 January 2016. For illustrative purposes only.
Important Information
The material contained herein is for information only and does not constitute investment advice or a
recommendation to any reader of this material to buy or sell investments.
This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where
such distribution or use would be contrary to law or regulation. This document is not and should not be construed
as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.
HSBC Global Asset Management (UK) Limited has based this document on information obtained from sources it
believes to be reliable but which it has not independently verified. HSBC Global Asset Management (UK) Limited
and HSBC Group accept no responsibility as to its accuracy or completeness.
This document is approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are
authorised and regulated by the Financial Conduct Authority.
Copyright © HSBC Global Asset Management (UK) Limited 2016. All rights reserved.