In today’s briefing:
- Too Many Portfolio Companies Is One of the Reasons for Not Enough Engagement
- Novafives – ESG Report – Lucror Analytics
Too Many Portfolio Companies Is One of the Reasons for Not Enough Engagement
- The problem of agenda setting in engagement with investment firms is due to the mismatch that is occurring in each of the listed companies and investors.
- Meetings without top management present disappoint investors who have prepared thorough analyses of the issues facing the portfolio company. Top management should also avoid listening to template questions at meetings.
- It’s unrealistic to ask passive funds that cannot devote resources not to ask template questions. Active funds of Japanese investment managers may have too many portfolio companies to engage adequately.
Novafives – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Novafives’ ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial”, but Disclosure is “Weak”.
- Novafives is an industrial engineering group that designs and supplies plant equipment. It also provides services spanning a wide variety of industrial sectors, including automotive, logistics, steel, aluminium, energy, cement and aerospace.
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