Q2 2021 Spotlight on

Responsible investment and stewardship


This year we have published our first responsible investment and stewardship annual report. It describes our approach to stewardship, and provides examples of how we implement this approach through ESG integration, engagement and voting.

Highlights from Q2 2021

  • 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:

    • supply chains
    • climate change
    • human capital management
    • corporate culture
    • compensation
    • energy transition
    • diversity
    • board effectiveness

Voting Profile: Q2 2021

During the quarter, we exercised our clients’ voting rights at a total of 308 shareholder meetings.

Across all regions, votes were instructed against management recommendations on 710 separate resolutions, which equated to 53.2% of the 308 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 share blocking.


took no action3


in favor of management1




against management2

Key Issues of Concern

ESG quality reviews

We conduct quality reviews analyzing 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.

Failure to disclose sustainability efforts undertaken.

Changing of executive remuneration performance targets during the performance period.

Emission-reduction plans not aligned with the Paris Agreement.


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.

This is a financial promotion. In Canada, Newton Investment Management Limited is availing itself of the International Adviser Exemption (IAE) in the following Provinces: Alberta, British Columbia, Ontario and Q and the foreign commodity trading advisor exemption in Ontario. The IAE is in compliance with National Instrument 31-103, Registration Requirements, Exemptions and Ongoing Registrant Obligations.

Issued in the US by Newton Investment Management Limited, The Bank of New York Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 01371973. Newton Investment Management is authorized and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN and is a subsidiary of The Bank of New York Mellon Corporation. Newton’ and/or ‘Newton Investment Management’ brand refers to Newton Investment Management Limited. Newton is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940. Newton’s investment business is described in Form ADV, Part 1 and 2, which can be obtained from the SEC.gov website or obtained upon request.

Personnel of certain of our BNY Mellon affiliates may act as: (i) registered representatives of BNY Mellon Securities Corporation (in its capacity as a registered broker-dealer) to offer securities, (ii) officers of the Bank of New York Mellon (a New York chartered bank) to offer bank-maintained collective investment funds, and (iii) Associated Persons of BNY Mellon Securities Corporation (in its capacity as a registered investment adviser) to offer separately managed accounts managed by BNY Mellon Investment Management firms, including Newton.

Certain information contained herein is based on outside sources believed to be reliable, but their accuracy is not guaranteed. Unless you are notified to the contrary, the products and services mentioned are not insured by the FDIC (or by any governmental entity) and are not guaranteed by or obligations of The Bank of New York or any of its affiliates. The Bank of New York assumes no responsibility for the accuracy or completeness of the above data and disclaims all expressed or implied warranties in connection therewith. © 2020 The Bank of New York Company, Inc. All rights reserved.

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