Guide for asset owners
Actively encourage asset managers to seek votes on climate transition action plans
Asset owners should take the following actions to ensure their asset managers are actively seeking to secure annual shareholder votes on company climate transition action plans as standard:
1 Publicly endorse this concept your voice will help to ensure asset managers and companies realise this is increasingly recognised as good practice.
2 Adopt this practice in your investment policy to set a clear expectation that asset managers will vote to ensure companies adopt this practice
3 Write to your asset managers to formally ask them to update their own policies accordingly, and reflect this approach in your Investment Management Agreements
4 Hire climate-competent investment consultants to ensure your advice includes an assessment of whether asset managers have adopted this practice and their wider voting record on climate resolutions