It’s been a busy second quarter for Robeco’s Active Ownership team, since most shareholder meetings take place in the spring.
The team voted at nearly 4,000 AGMs in the first half of 2019. Climate change has been a recurring theme throughout these meetings, and continues to be a priority for Robeco’s active ownership activities.
“As investors, it is important that we understand how companies are positioning themselves for the market and regulatory changes that will arise as part of the global attempt to keep global warming below 2 degrees Celsius,” says Carola van Lamoen, Head of Active Ownership.
“Our engagement theme ‘Environmental challenges in the oil & gas sector’ covers just this topic and concludes this quarter. Over the last three years, we have seen a clear divergence within the sector between companies that embrace their role in the energy transition, and those who are increasingly lagging their more forward-thinking peers.”
Robeco’s efforts to combat climate change are not just focused on a single sector. In the Q2 report, engagement analyst Cristina Cedillo shares her insights on the automotive sector, new regulation, and other trends are challenging the business models of global car makers. How companies react to these trends is likely a determinant of long-term success.
The report also delve into the EU Shareholder Rights Directive II, which has been in effect since early June; provides an update on the Living Wage engagement theme; and reports on the conclusion of a three-year engagement program focused on ‘Sustainability in the Meat & Fish Supply chain.’
Robeco Institutional Asset Management B.V. (DIFC Branch) is regulated by the Dubai Financial Services Authority (“DFSA”) and only deals with Professional Clients and Market Counterparties, and does not deal with Retail Clients as defined by the DFSA.
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