Stewardship and engagement will be at the forefront of ESG investors’ minds this year, with regulation such as the new UK Stewardship Code having taken effect, and this year’s proxy voting season drawing closer.
But with such a wide variety of engagement and stewardship practices touted at fund houses; stewardship advice heralding from the Asset Management Taskforce, the Pensions and Lifetime Savings Association, the Principles for Responsible Investment and the Financial Reporting Council, to name a few; and a lack of standardisation in this area, it can be difficult to know how to know what constitutes a comprehensive approach.
With this is mind, ESG Clarity asked Square Mile Investment and Consulting to highlight examples of their view of best practice. “We look for effective co-ordination, and identified objectives and results,” says Jake Moeller, senior investment consultant at Square Mile.
“What is it the fund manager wants to achieve and why? How have they set their priorities? What does success look like? How far are they prepared to go with a board or other shareholders? When will they divest?”
Read the full feature in ESG’s Clarity‘s January digital magazine.
