ProxySolution, an online proxy and vote management system, provides an end to end proxy solution to institutional investors – from accessing proxy contents and voting advice to recording votes and generating customized MIS reports. ProxySolution aims to streamline the proxy process for our clients. It would allow clients to monitor their investments and fulfil their fiduciary responsibilities by taking informed voting actions.
Environmental, Social and Governance criteria (ESG) are set of standards for a company’s operations that investors may use to assess company’s stewardship towards its ESG practices and to identify potential investments.
SES has created an ESG Score Model through which it analyses and gives score to a Company’s ESG Factors. SES prepares a Report based on its analysis on such Company’s ESG practices. SES covers all significant aspects associated with a Company to analyse its ESG factors.
Each parameter of ESG factors analysed is not only based on mandatory legal requirements to be followed by listed Indian Companies but also based on the principles established by UN and Global Reporting Initiative and the best practices followed around the World.
Overall, SES ESG Score is an outcome of SES analysis on Company’ disclosure practices, policies, present/ actual position and future prospects of the Company.
It is an online proxy and vote management system. It provides an end to end proxy solution to investors – from accessing proxy reports and voting advice to recording votes and generating customized MIS reports.
User can create customized portfolio and watch lists, monitor shareholders’ meetings (AGM, EGM, CCM, Postal Ballots) in their portfolio, set customized meeting and voting alerts.
Access annual reports, notices and outcomes of meetings, view SES’ voting recommendations and connect with SES’ analyst team.
SES has also developed Customized Voting Platform for Custodians viz., Deutsche Bank, Kotak etc. and also National Pension System Trust (NPS) to provide end to end voting solution for their clients.
SES AIMS (Automated Investment Monitoring System) platform is designed for the investors/ MF to carry out their stewardship activities as mandated by SEBI w.e.f. 1st April, 2020. (Weblink)
SES AIMS platform helps MF/ Investors to track their investee companies on a day to day basis based on alerts sent by SES AIMS portal.
Alerts consists of many day to day activities occurring in the investee Company viz., Resignation or Removal or Auditors, Board Non Compliance, Financial Default, Impact on operation due to Strike or any calamities etc
MF users can also record their intervention taken on investee companies on any alerts and generate Quarterly / Half yearly / Annual MIS Report of their Stewardship Activity containing a list of all the alerts along with the relevant intervention taken by the MFs.
MCA had issued Amendment of the Companies (Corporate Social Responsibility Policy) Rules, 2014 dated 22nd January, 2021. (Weblink)
In the nutshell, the provision which impacts major Investors/ Companies (Mutual Funds/ Insurance Companies) is as under
(h) "Net profit" means the net profit of a company as per its financial statement prepared in accordance with the applicable provisions of the Act,
but shall not include the following, namely: -
(i) any profit arising from any overseas branch or branches of the company, whether operated as a separate company or otherwise; and
(ii) any dividend received from other companies in India, which are covered under and complying with the provisions of section 135 of the Act:
The above provision does not have any impact on the Net profits of Investors However, it does impact the amount required to be spent on the Corporate Social Responsibility by the Investor Companies. Any dividend received from a CSR Non - Compliant Company would not be exempted for purpose of calculating net profit for the purpose of calculating CSR liability.
Therefore, not having a full data on CSR by Investee Companies may result in avoidable non-compliance by the Company.
In view of the above, SES would provide data on Companies compliant with the provisions of section 135 of the Companies Act, 2013 i.e., data on CSR Compliant Companies.
The Sample Data points can be viewed by clicking here.