By encouraging the improvement of practices towards a more sustainable model, Quintet enhances the economic value of companies
ACTIVE OWNERSHIP REPORT
Active Ownership consists of exercising the influence we have as shareholders and bondholders to improve company’s practices on Environmental, Social, and Governance (ESG) matters and / or business strategies. There is the potential for value creation for shareholders, the company, and people and planet.
Active Ownership generally takes the form of dialogue with management (engagement) and voting at annual general meetings (voting).
By encouraging the improvement of practices towards a more sustainable model, Quintet enhances the economic value of companies. We believe that actively exercising the influence we have as an investor and investment manager is consistent with both our fiduciary duty towards our clients and our objective to be a sustainable company.
During the first quarter of 2020, our partner, EOS at Federated Hermes, engaged with 294 companies on our behalf on a range of 853 environmental, social, and governance issues and objectives. Below we display engagement by theme:
In January 2020, Quintet joined Climate Action 100+. The organization is a leading, collaborative investor engagement initiative, seeking to ensure that the world’s largest corporate greenhouse gas emitters take the necessary action on climate change. This is a logical step to protect our planet and we recognise the importance of climate risk for our investments.
As a signatory, we committed to engage with companies to ensure they take action to reduce greenhouse gas emissions.
Quintet is also a signatory of the United Nations Principles for Responsible Investment. We endorse the six principles, including Principle 2, which states: “We will be active owners and incorporate ESG issues into our ownership and policies and practices”.
Since January 2020, Quintet has voted on over 6,400 proposals at more than 400 shareholder meetings across the world. In each voting decision we make, we take into consideration environmental, social and governance practices. Our votes are complementary to our engagement approach and guided by our Active Ownership Policy.
Active Ownership report - 16 June 2020
This document has been prepared by Quintet Private Bank (Europe) S.A. The statements and views expressed in this document – based upon information from sources believed to be reliable – are those of Quintet Private Bank (Europe) S.A. as of June 16, 2020, and are subject to change. This document is of a general nature and does not constitute legal, accounting, tax or investment advice. All investors should keep in mind that past performance is no indication of future performance, and that the value of investments may go up or down. Changes in exchange rates may also cause the value of underlying investments to go up or down. Copyright © Quintet Private Bank (Europe) S.A. 2020. All rights reserved.