We take an active approach to stewardship across asset classes through engagement, proxy voting and advocacy. This allows us the flexibility to address emerging trends in sustainable environment and work with firms to achieve better outcomes.
Effective stewardship provides an opportunity for asset managers to identify and influence ESG issues for investors and companies. At UBS-AM, stewardship activities go beyond traditional financial analysis and focus on assessing if companies are sustainable in the long run.
Paul Clark, Head of Stewardship at UBS Asset Management, 2022
Stewardship plays a central role within our investment approach; it helps us meet both client and regulatory expectations. The UBS Stewardship Report focuses on the outcomes we believe our activities have delivered in the past year on clients and society in general.
Our engagement in 2023
471 engagement meetings- 64% of engagement interactions achieved progress against pre-defined objectives
- 26% of engagement interactions gave us specific insights in relation to AGM items and proxy voting
- 320 companies engaged with across regions and sectors
- 31% of engagement meetings with CEO/CFO and other C-Suite representatives
- 40% of companies engaged with are situated in EMEA, 43% in Americas and 18% in Asia-Pacific
Our proxy voting in 2023:
- 59 countries voted in globally
- 11,445 shareholder meetings in which votes were submitted, upon 117,512 separate resolutions.
- 19,180 in which management recommendations were voted against (16% of total resolutions voted)
- 68% of meetings voted globally at least one resolution was cast as a vote against management.
- 1,188 shareholder resolutions voted related to ESG topics with 198 shareholder proposals voted related to environmental issues and 304 related to social issues.
- 51% support of all ESG shareholder resolutions.
A key part of our approach to Active ownership is thematic engagement. We use thematic engagements to focus on specific social and environmental themes where we believe these can help to foster positive outcomes for company performance, people and the planet:
- Climate change
- Natural capital
- Human capital
- Human rights
- Health
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Introducing our leadership team
Meet the members of the team responsible for UBS Asset Management’s strategic direction.
