Stewardship
Generating long-term investment returns requires the consideration of stakeholder interests. We analyse the direct and indirect consequences of our actions on clients, the companies and countries in which we invest, and our local community.
As fundamental, long-term investors our PMs naturally integrate ESG risks and opportunities into their investment decisions. The research process, which includes an analysis of a company’s impact on its stakeholders, is led by PMs. Our conclusions about material ESG factors are integral to a company’s quality rating, which is one of the five factors that guides the weight of a position in the portfolio. In this way, ESG considerations translate directly into portfolio action.
PMs actively engage with our companies to encourage better disclosure, clearer targets, or improved performance relating to their most material ESG factors. We also regard proxy voting as a key stewardship tool. Where our clients have delegated proxy voting responsibility to us we aim to vote all their shares in all markets. In addition, we support a range of global and local organisations that promote good corporate governance and sustainable investing practices.
Sustainability-related disclosures
Including Engagement Policy and Proxy Voting Guidelines
Annual Reports
Prior Annual Stewardship Reports are available on request.
Remuneration*
Genesis has reviewed its Remuneration Policy in accordance with the requirements of Article 5 of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR) to ensure consistency with the Firm’s integration of sustainability risks as described above. Please see the MIFIDPRU 8 Disclosure for details.
No consideration of sustainability adverse impacts*
Genesis supports the objectives of SFDR with respect to reporting against quantitative metrics related to portfolio investments, but we have chosen not to use these metrics at this point. This is predominantly due to the current lack of high quality, consistent and readily available data necessary to meet these obligations. We remain open to considering adverse sustainability impacts and will continue to monitor data quality and availability.
* For EU investors
