Investor data

Raising standards in the boardroom

As one of the largest investors on the UK stock market and a major global investor, we want to make sure that companies align their interests with those of their shareholders. Our aim is to improve the performance of companies in which we invest. We focus on all aspects of ESG (Environmental, Social and Governance). In 2015, we campaigned on the issues of board diversity (especially female representation on boards), executive pay, corporate reporting, cyber security (which is an increasingly important concern) and auditor independence. Our corporate governance team, led by Sacha Sadan, attended 545 meetings with 337 companies.

We have a policy of influence through ownership of assets rather than exclusion of assets on behalf of our clients.  This means that through providing a significant amount of debt and equity to listed companies we can influence their behaviour on Environmental, Social and Governance Performance irrespective of the clients mandate.

We do have funds with specific mandates as requested by clients. 

  • Some of our customers want to option for carbon optimised funds if they are concerned that companies in our index are not ready for future environmental legislation.
  • Some of our customers prefer exclusions because of legal frameworks in their county for example Holland.

As a company we use our scale to influence companies which we invest.  We are on of few fund managers who set forward looking targets on engagement and campaigns for the year ahead.

 

2011

2012

2013

2014

2015

Engagements covering environmental and or social topics

82

128

144

188

188

Governance led engagements

238

297

336

401

545

Total funds under management (£b)

371

406

450

709

746

  • 100% of our Assets Managed are treated by our Corporate Governance Policy of which a third were led on Environmental and Social issues.
  • We apply our Sustainable Property to all of our Commercial Property Portfolio
  • Our own balance sheet is backing UK Renewables
  • We don't apply screening but we have products which allow our clients to screen.