Morningstar: The asset managers with detailed E&S voting policies

Review of proxy voting

In a report published this week (12 July), researchers at Morningstar have analysed the voting policies of 25 large asset managers and revealed those that have the highest focus on environmental and sustainable issues.

The research, led by Lindsey Stewart, director of investment stewardship research, looked at the policies of 25 large asset managers, 12 based in the US and 13 in Europe. They were ranked in four categories from ‘very high' to ‘low'. It found that nine of the European managers had a ‘high' or ‘very high' E&S focus in their proxy-voting policies. This was starkly different from the US based asset managers, 11 of which had a medium or low focus. Those with the ‘very high' were: Allianz GI; BNP Paribas; Fidelity International; and LGIM. The firms with a ‘high' focus were: AXA IM; Allianc...