Q3 2021 spotlight on

Q3 2021 Spotlight

WHY DIVERSITY, EQUITY AND INCLUSION MATTER

With, as yet, no definitive evidence that greater diversity leads to improved financial performance, we outline our approach.

Highlights from Q3 2021

  • We voted at
    55
    Annual General Meetings
    +
    29
    Extraordinary General Meetings
    on behalf of our clients
  • We engaged with
    48
    companies
    for the purpose of raising ESG concerns or seeking further information
  • Examples of engagement with companies included matters such as:

    • supply-chain management
    • cybersecurity
    • climate change
    • human capital management
    • compensation
    • diversity
    • board effectiveness
 

Voting profile: Q3 2021

During the quarter, we exercised our clients’ voting rights at a total of 84 shareholder meetings.

Across all regions, votes were instructed against management recommendations on 73 separate resolutions, which equated to 23.8% of the 84 meetings.

1 In favour of management on all resolutions.
2 Against management on one or more resolutions.
Including abstentions and withhold votes where there was no option to vote against.
3 Took no action owing to share blocking.

4

took no action3

60

in favour of management1

0

abstained

20

against management2

Key issues of concern

ESG quality reviews

We conduct quality reviews analysing the separate ESG aspects of all companies our global sector analysts are considering recommending for investment. These quality reviews are undertaken by our responsible investment team who award an ESG rating score out of 10. Each quarter key issues of concern are identified and are closely monitored by our responsible investment analysts.

Absence of universal adoption of a health and nutrition framework by food retailers.

Lack of disclosure of sustainability strategies, targets and performance.

Boards not comprising of a sufficient number of independent directors.

Quality

Important information

Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

Any reference to a specific security, country or sector should not be construed as a recommendation to buy or sell investments in those countries or sectors. Please note that portfolio holdings and positioning are subject to change without notice.