UK - Oil giant BP has been the main target of Isis Asset Management's socially responsible investment and corporate governance unit over the last three months.
Isis has queried BP over its policies on climate change, human rights, bribery, corruption and internal governance.
The activities were revealed as part of Isis’s Responsible Engagement OverLay Quarterly Report which details its contact with over 50 leading companies.
The report also details engagement with HSBC, Hilton Group, Tesco, MMO2, Vodafone, Barclays and Ford.
Tesco was targeted to ensure that it understood the business case for implementing an integrated corporate social responsibility policy across its UK and overseas operations.
Climate change was the most common topic of engagement by Isis, with human rights, bribery and corruption, environment, corporate governance, corporate social responsibility and governance, labour standards and forestry all following in descending order.
The report noted a growing willingness to compromise and listen to Isis over its concerns on director remuneration and incentive schemes.
It added: “Where discussions have been unsuccessful we have voted against management.”
Isis’s overlay service is currently offered to 200 pension funds which do not wish to invest directly in SRI funds but use Isis to provide engagement services alone.
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