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"We do not screen out companies from our investment universe purely on the grounds of poor ESG performance but rather adopt a positive engagement approach whereby we discuss these issues with the management of the companies in which we invest on behalf of our customers. We believe that this is the best way to encourage constructive and positive corporate change.

From 2018 and ongoing for 2021, we initiated a thematic engagement focusing on human rights in the supply chain. We are proactively engaging with investee companies to discuss modern slavery, human rights, labour management and health and safety in the workplace.

The aim of this thematic engagement is to encourage better practices amongst our investee companies to increase transparency and disclosure regarding supply chain management to ensure systematic monitoring of human rights in their supply chain. We have also joined collaborative engagements in the UK and APAC with peers in each region to use our collective voice to encourage companies to take action and prioritise modern slavery in their own operations and that of their suppliers."