Any investment policies, processes or activities described in this report relate to investment strategies managed from the United Kingdom by Newton Investment Management Limited. This report does not apply to investment strategies managed from the United States by Newton Investment Management North America LLC.
Q3 2022 Spotlight on
RESPONSIBLE INVESTMENT 2.0: THE ASSET MANAGEMENT TRANSITION STORY
Why we believe the financial industry needs its own transition as it seeks to help companies become sustainable.
Highlights from Q3 2022
- We voted at
Annual General Meetings
Extraordinary General Meetings
on behalf of our clients
- We engaged with
for the purpose of raising ESG concerns or seeking further information.
Examples of engagement with companies included matters such as:
- product access
- climate change
- human capital management
- food and nutrition
- supply-chain management
- cyber risk
- board effectiveness
Voting Profile: Q3 2022
During the quarter, we exercised our clients’ voting rights at a total of 311 shareholder meetings.
Across all regions, votes were instructed against management recommendations on 308 separate resolutions, which equated to 41% of the 311 meetings.
1 In favor 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 shareblocking or sanctions considerations.
took no action3
in favor of management1
Key Issues of Concern
ESG quality reviews
We consider material and relevant ESG risks, issues and opportunities of all companies our global sector analysts are considering recommending for investment.
Companies’ progress in managing climate risks
Companies’ progress on human capital management
Insufficient independence on board or key committees
US executive compensation arrangements not being aligned sufficiently with performance
US company auditors serving for multiple decades
Article amendments which would limit or reduce shareholder rights