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Equities

Engaging with Companies

During 2005 we continued to implement our policy of conducting research on companies' social, environmental and ethical (SEE) risks and impacts. As in previous years, we paid particular attention to companies in high impact sectors within the FTSE 350 which also received a rating of 'limited disclosure' of SEE issues according to the ABI's disclosure guidelines.

This being the third year since the ABI's SEE guidelines were issued, most of the companies within the high impact sectors managed to gain at least a moderate disclosure on the basis of the ABI criteria. Nevertheless, we met with 26 companies during the year specifically to discuss SEE issues, and wrote to a further 6 to raise issues of concern.