Through voting and engagement, our multi-asset team scrutinises management teams and their policies on important issues, looking to drive change, encourage companies to operate more sustainably and ultimately improve the long-term success and value of the businesses we invest in.
This involves insisting on appropriate and independent oversight, and encouraging companies to identify and manage environmental, social and governance (ESG) risks. It can be a heavy workload, which is why many other investors rely on proxy voting services such as ISS. ISS also offers a sustainability overlay, which defaults to advocate voting based on certain ESG-based best practice rules. While this, on the face of it, feels like a sensible option, it is important to retain control and oversight. A blanket approach to voting could mean you end up falling afoul of box ticking. Issues ar...
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