Making ESG Engagement Reporting at Fund Level Easy!

Regulations now require investment managers to report engagement activities at the fund level. While this may initially appear to be a straightforward aggregation of engagements across fund holdings, achieving this is a complex and challenging task.

Current Typical Workflow:

• Users log and tag engagement activities in an Excel file stored in a shared folders
• Engagements are linked to issuers using proxy identifiers, most commonly stock tickers.

Challenges Faced:

• Data Quality Issues: The Excel-based system is prone to errors and lacks reliability and usability.
• Ticker Variants: Users may use different ticker variants (Exchange, Bloomberg, Refinitiv), and they may make spelling errors.
• Mismatch with Fund Holdings: Users may log engagements using the main stock ticker, while the fund holds an ADR (American Deposit Receipt), complicating the mapping process.

Our Solution:

Castine offers an automated solution to streamline ESG engagement reporting at the fund level. Here’s how:

• Automated Ticker Mapping: We map all tickers used by users and fund holdings to specific issuers through pre-defined and valid relationships. Parent issuer aggregation is also possible.
• Robust Aggregation: Once engagements are aggregated at the issuer level, it becomes easy to report total engagements for a specific fund-holding issuer, sector, or thematic.

With Castine you can achieve accurate, efficient, and comprehensive ESG engagement reporting without the hassle and saving in most cases several days of work.