Q4 2022 spotlight on
COP27: WHAT DO WE WANT AND WHAT MIGHT WE GET?
We explain what we would like to see from the participants at this year’s climate-change event in Egypt.
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 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.
took no action3
in favour 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
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