Adelio Partners Limited’s Approach
Adelio fully supports the objectives of the Code and the twelve principles for Asset owners and Asset Managers (in our case, Asset Managers):
Purpose and Governance
1. Purpose, strategy and culture: Asset Managers’ investment beliefs, strategy, and culture to facilitate long term value, via stewardship, for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.
2. Governance, resources and incentives: Asset Managers’ governance, resources and incentives support stewardship.
3. Conflicts of Interest: Asset Managers should manage conflicts of interest to put the best interests of clients and beneficiaries first.
4. Promoting well-functioning markets: Asset Managers should identify and respond to market-wide and systemic risks to promote a well-functioning financial system.
5. Review and assurance: Asset Managers should review their policies, assure their processes and assess the effectiveness of their activities.
6. Client and beneficiary needs: Asset Managers should take account of client and beneficiary needs and communicate the activities and outcomes of their stewardship and investment to them.
7. Stewardship, investment and ESG integration: Asset Managers should systematically integrate stewardship and investment, including material environmental, social and governance issues, and climate change, to fulfil their responsibilities.
8. Monitoring managers and service providers: Asset Managers should monitor and hold to account third-party managers/proxy advisors/research or other service providers.
9. Engagement: Asset Managers should engage with issuers to maintain or enhance the value of assets.
10. Collaboration: Asset Managers, where necessary, should participate in collaborative engagement to influence issuers.
11. Escalation: Asset Managers, where necessary, should escalate stewardship activities to influence issuers.
Exercising rights and responsibilities
12. Exercising rights and responsibilities: Asset Managers should actively exercise their rights and responsibilities across all asset classes.