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.
Q4 2022 Spotlight on
WHAT DOES NET ZERO MEAN FOR PORTFOLIOS?
We discuss how we are navigating net zero in our portfolios to achieve real-world decarbonization.
Highlights from Q4 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
- waste management
- human capital management
- food and nutrition
- supply-chain management
- raw materials sourcing and use
- data security
- board effectiveness
Voting Profile: Q4 2022
During the quarter, we exercised our clients’ voting rights at a total of 290 shareholder meetings.
Across all regions, votes were instructed against management recommendations on 312 separate resolutions, which equated to 42% of the 290 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 boards or key committees
US executive compensation arrangements not being aligned sufficiently with performance
Share issuances leading to excessive dilution for existing shareholders
US company auditors serving for multiple decades
Article amendments which would limit or reduce shareholder rights