Question: Does the investor disclose in its modern slavery statement active engagement with investee companies on their (investee companies’) modern slavery/ labour exploitation/ human trafficking risks in value chains and business relationships?
Answer:
Yes
6913190
Walk Free
2019
Unverified - Added by Steward
updated over 3 years ago by Laureen van Breen

NB: this does only pertain to one asset class (I think)

"We are also training AMP Capital employees who are Nominee Directors of the asset companies in which we invest in, to raise modern slavery awareness at the company board and management levels (see Infrastructure Equity section)." p.9

"While AMP Capital does not manage the day-to-day operations of the infrastructure assets that our funds and clients invest in, we have governance rights over the majority of these assets through nominating key senior employees and advisors on the asset company boards. Given the diversity of our infrastructure portfolios (by size, sector and lifecycle), AMP Capital’s focus is on equipping our Nominee Directors to drive influence across our infrastructure investments in relation to modern slavery.

To support this initiative, a standardised annual Infrastructure Equity Nominee Directors Modern Slavery Due Diligence process has been developed, to monitor the progress of modern slavery mitigation in our asset companies over time. " p. 15

 

Other than that the statement also provides details about "active engagement" that they will be doing with investees and "external fund managers" in the upcoming year.

 

"Supply chain and human rights is one of the Sustainable Investment team’s key engagement themes for 2020. Our future focus is to engage with companies to understand the risk of modern slavery within their supply chains by encouraging companies to:

- Ensure they have the appropriate internal governance structure to deal with modern slavery risk management.

- Aim to consolidate their supply chain which will allow them more influence and oversight capabilities.

- Train employees to recognise modern slavery, especially those in procurement and supply chain functions, and build awareness throughout the organisation

- Enhance their reporting of suppliers and ethical sourcing to board and management.

 

External Fund Managers (EFM)

Our 2020 focus is to introduce modern slavery due diligence questions to both our onboarding process for new EFMs as well as conducting risk assessment through our well-established assurance process with our existing fund managers. This will aid us to understand our EFM’s position on modern slavery as well as their exposure to the risk of modern slavery and their actions to identify and mitigate this." p. 19

Laureen van Breen.....2021-02-19 16:28:26 UTC