Any investment policies, processes or activities described in this report relate to investment strategies managed from the United Kingdom by Newton Investment Management Limited. This report does not apply to investment strategies managed from the United States by Newton Investment Management North America LLC.
Q2 2022 Spotlight on
VERTICAL FARMING: A GROWING OPPORTUNITY
We share our key learnings from a recent visit to a vertical farm.
Highlights from Q2 2022
- We voted at
Annual General Meetings
Extraordinary General Meetings
on behalf of our clients
- We engaged with
for the purpose of raising ESG concerns or seeking further information.
Examples of engagement with companies included matters such as:
- climate change
- human capital management
- food and nutrition
- board effectiveness
Voting Profile: Q2 2022
During the quarter, we exercised our clients’ voting rights at a total of 1946 shareholder meetings.
Across all regions, votes were instructed against management recommendations on 3918 separate resolutions, which equated to 64% of the 1946 meetings.
1 In favor of management on all resolutions.
2 Against management on one or more resolutions. Including abstentions and withhold votes where there was no option to vote against.
3 Took no action owing to share blocking.
took no action3
in favor of management1
Key Issues of Concern
ESG quality reviews
We consider material and relevant ESG risks, issues and opportunities of all companies our global sector analysts are considering recommending for investment.
Insufficient independence on board or key committees.
Insufficient board diversity.
US executive compensation arrangements not being aligned sufficiently with performance.
US company auditors serving for multiple decades.
Article amendments which would limit or reduce shareholder rights.
Companies’ progress in managing climate risks.