JCP is a signatory to the United Nations Principles for Responsible Investment.
We incorporate ESG issues into our investment decision-making process when assessing company generic key value driver (KVD) risk factors (see below);
- External - regulatory, legal, political, macro-economic, industry, environmental, social, etc.
- Internal - governance, management, incentives, employee relations, structure, power, culture, etc.
These risks are incorporated into our company valuations, and risk and return calculations, as well as the qualitative overlay part of our portfolio construction process.
What differentiates ESG issues from other generic KVD risk factors is that as a matter of policy we seek to actively engage with company management, directors and other stakeholders on these issues, to encourage change where we believe the issue is detrimental to the environment, the society in which the company operates (social), or minority shareholders (governance). Whereas on other generic KVD risk factors we reserve the right to passively engage (i.e. sell company shares), rather than seek change from company management and/or board.
JCP ESG Policy (24Kb PDF)
JCP Proxy Voting Policy (36Kb PDF)
Proxy Voting Disclosure Summary for Australian Listed Companies for the period 1 July 2015 - 30 June 2016
Each resolution is considered and voted upon in accordance with JCP Investment Partners proxy voting policy. In the 12 months to 30 June 2016, JCP Investment Partners has instructed to vote on Australian equities for our pooled investment vehicles as follows: