Voting policies and ESG
More signs of investors starting to bring broader ESG concerns into their voting activity. First up the UK’s Railways Pension Fund has unveiled its new voting policy. This includes a commitment to challenge companies on issues including climate change, fair pay and workforce issues. The last point is particularly interesting as in our experience it’s still rare for UK asset owners to tie their voting activity to the S in ESG. The policy states: ‘We expect boards to be able to communicate the importance of the workforce in the context of the company’s business model and strategy, and how they engage with their employees –Read More →