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Active ownership report

Our vision

To encourage positive change in the companies and markets in which we invest.

Active ownership means using our scale and influence to bring about real, positive change to create sustainable investor value. Our Annual Governance Report explains how we achieved this in 2017.

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Climate change

LGIM
supported

0%

Top 10 asset
managers supported

0%

of climate-related proposals.

Climate Impact Pledge

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Diversity and income inequality

Executive pay

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2017

US

0%

UK

0%

increase in votes against executive pay resolutions

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37

During 2017 we voted against 37 board chairs or chair of nomination committees of UK boards due to poor diversity

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Board diversity

Governance and culture

Board effectiveness

More than half of our votes against directors were due to independence concerns

40% of votes were cast due to concerns around tenure. Directors' additional board positions also constitutes 31% of votes against directors in 2017

Board independence remains a key issue in Japan and constituted 60% of our votes against directors in 2017

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Integrating ESG:the process in action

Connect

Analyse

Engage

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Raising our voice

Voting and engagement

Shareholder rights


ShareholderRights_line
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49

In 2017, we voted against at least one resolution at 49 of our largest 100 clients

Total number of meetings
0

Total number of companies
0

Top three sectors by number of meetings

oil-and-gas

Oil and gas

banks

Banks

mining

Mining

Top three engagement themes discussed

board-composition

Board composition

remuneration

Remuneration

climate

Climate change