BNP AM

The sustainable investor for a changing world

Stewardship: a future maker in action

We are committed to being a “future maker”, using our investments and our influence towards companies and policy makers, to advocate for a low-carbon, environmentally sustainable and inclusive economy.

This is why we use stewardship – proxy voting, company engagement and public policy advocacy – to encourage companies and policy makers to improve their performance and accountability on sustainability topics. This helps us in better managing ESG risks in the near and long-term, enhances our knowledge and understanding as an investor, and creates positive externalities – which benefit our clients. We believe that engagement is generally more effective than exclusion – although divestment can be a last resort.

Stewardship is part of the six pillars of our sustainable investor approach, and fully embedded in our Global Sustainability Strategy.

Meet Michael Herskovich, global head of stewardship

Our Stewardship approach is three-fold

Voting

A priority for us as part of our ongoing dialogue with the companies in which we invest is to promote good governance practices.

Engagement

Engagement related to voting

Thematic engagement

Engagement linked to ESG performance

Public policy

Active engagement with regulators helps to shape the markets in which we invest and the rules that guide and govern company behaviour.

Our key figures as of 31 December 2022

1 976general meetings voted in total
33%management resolutions opposed
90%support to shareholder proposals on climate

References

ESG = Environmental, Social and Governance

Disclaimer

Past performance is not indicative of current or future performance.

Any views expressed here are those of the author as of the date of publication, based on available information, and subject to change without notice. This material does not constitute investment advice.

Investments are subject to market fluctuations and the risks inherent in investments in securities. 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 investment. There is no guarantee that the performance objective will be achieved.

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).