Q1 2021 spotlight on
ENGAGEMENT POLICY OBJECTIVES
We outline the key ESG themes which form a focus for our corporate engagement in 2021.
Highlights from Q1 2021
- We voted at
Annual General Meetings
Extraordinary General Meetings
on behalf of our clients
- We engaged with
for the primary purpose of raising ESG concerns
Examples of engagement with companies included matters such as:
- supply chains
- climate change
- human capital management
- corporate culture
- energy transition
- board effectiveness
- succession planning
- product safety
Voting profile: Q1 2021
During the quarter, we exercised our clients’ voting rights at a total of 98 shareholder meetings.
Across all regions, votes were instructed against management recommendations on 135 separate resolutions, which equated to 35.7% of the 98 meetings.
1 In favour of management on all resolutions.
2 Against management on one or more resolutions.
3 Took no action owing to share blocking.
took no action3
in favour of management1
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.
Lack of evidence demonstrating positive changes to corporate culture.
US executive pay practices not aligned with long-term corporate performance.
Coherent and comprehensive oversight of supply chains.