Our stewardship approach
As long-term investors, we see stewardship as a core fiduciary duty and instrumental in delivering sustainable financial returns to our clients.
We combine voting, issuer engagement and public policy advocacy to influence and public policy-makers to help shape sustainable and equitable economies. Promoting good sustainability standards across all types of investments is essential both to upholding our ownership responsibilities, support long-term value creation, thus protecting and enhancing our clients’ interests. Stewardship helps us understand and address issuers’ impacts, risks and opportunities in relation with sustainability factors, therefore contributing to a successful energy transition, healthy ecosystems, and greater equality in our societies, as well as to advancing issuers’ performance on governance, social and environmental topics.
Our approach
Our stewardship approach is built around three complementary levers that help us fulfil our responsibilities as long-term investors:
Voting
We exercise our rights and responsibilities by making considered voting decisions in line with our policy. Voting is core to discharging our fiduciary duty. This, we believe, drives better corporate governance, sustainability practices, and long-term performance.
Engagement
We engage with investees and partners throughout all asset classes, including private assets, with a view to improving their performance on governance and sustainability. Engagement in turn informs our votes and capital allocation decisions, and influences issuers’ eligibility for investment. Most of our engagements are designed to enhance long-term performance by mitigating risk, including global systemic risks and market failures.
Public policy advocacy
We actively engage with regulators and policymakers to help shape the markets in which we invest and the rules that guide and govern company behaviour.
Stewardship in action
Annual general meetings voted in 2025
Engagements conducted in 2025
Issuers engaged with in 2025
“Stewardship is central to our role as long-term investors. Through thoughtful voting, constructive engagement, and active public policy advocacy, we seek to support strong governance, responsible business practices and more sustainable outcomes for our clients and the wider society.”
Michael Herskovich
Global Head of Stewardship, BNP Paribas Asset Management
Explore our stewardship policies and reports
We are committed to transparency in how we exercise our stewardship responsibilities. Our policies and reports provide clear insight into our approach to governance and voting, as well as engagement, helping clients and stakeholders understand how we seek to promote long-term value and sustainable outcomes.
Find out more
Stewardship FAQ
• What is BNP Paribas Asset Management’s approach to stewardship
BNP Paribas Asset Management sees stewardship as a core fiduciary duty, critical to delivering sustainable financial returns. The approach is built around three complementary levers: voting, engagement with investees and partners across all asset classes, and public policy advocacy with regulators and policymakers.
• How does BNP Paribas Asset Management use voting and engagement in its stewardship process?
Voting is used to exercise rights and responsibilities in line with policy to drive better corporate governance, sustainability practices, and long-term performance. Engagement is conducted to improve the performance of investees and partners on governance and sustainability, which in turn informs voting, capital allocation decisions, and issuer eligibility for investment.
What were BNP Paribas Asset Management’s stewardship outcomes in 2025?
In 2025, there were 5,889 annual general meetings voted in, 1,344 engagements conducted, and 748 issuers engaged with.
Where can stakeholders find information regarding BNP Paribas Asset Management’s stewardship policies and reports?
Transparency is provided through several resources, including the Stewardship Policy, Governance and Voting Policy, Proxy voting record, BNPP AM Voting Report 2025, Sustainability Report, and documentation regarding membership and pledges.