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BNP AM

The sustainable investor for a changing world

ShareAction’s Voting Matters 2022 report: Are asset managers using their proxy votes for action on environmental and social issues?

BNP PARIBAS ASSET MANAGEMENT
18/01/2023 · 2 Min

In this 2022 edition of ShareAction’s Voting Matters report, it reveals how 68 of the world’s largest asset managers voted on 252 shareholder resolutions designed to address current environmental and social crises. For the first time, it also analyses shareholder-filed governance resolutions that directly relate to environmental and social issues, grouped together as Pay and Politics resolutions. 

BNP Paribas Asset Management is amongst the leaders in this study with 99% overall score. 

Michael Herskovich, our Global Head of Stewardship, comments: “We are proud to see BNP Paribas Asset Management amongst the leaders of this study, with a 99% overall score. BNPP AM is also one of the few large asset managers to filed shareholder proposals on climate matters. As long-term investors, stewardship – proxy voting, company engagement and policy advocacy – is at the heart of our Global Sustainability Strategy, encouraging companies and policy makers to improve their performance on a range of sustainability topics.” 

READ THE REPORT

Disclaimer

Please note that articles may contain technical language. For this reason, they may not be suitable for readers without professional investment experience. Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns. Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions). Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.
Environmental, social and governance (ESG) investment risk: The lack of common or harmonised definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, (the Sub-Fund's) performance may at times be better or worse than the performance of relatable funds that do not apply such standards.