Two new engagement themes began in the first quarter, while two were closed and one was extended. Engagement with companies to seek improvements on environmental, social and governance (ESG) issues is a vital part of sustainable investing at Robeco, and its results are regularly reported.
In the opening story for the Q1 report, Robert Dykstra answers questions on the rationale for talking to banks for the team’s first ‘Climate transition financials’ engagement. The theme targets those financial institutions that are funding high-carbon companies without getting decarbonization commitments in return.
As one engagement theme on climate change begins, another has drawn to a close. Sylvia van Waveren and Cristina Cedillo reflect on the key results and takeaways of the original ‘Climate action’ engagement program that began in 2017.
Also begun in 2017, the ‘Corporate Governance Standards in Asia’ theme was scheduled to end this quarter, but has been extended in certain areas. Ronnie Lim explains why the dialog with some firms will continue, and what progress has been achieved so far.
The ‘Social impact of gaming’ is a new theme partly driven by the pandemic, as the amount of time spent on consoles grew by nearly 40% during Covid-19, and is predicted to stay 21% above pre-crisis levels. Daniëlle Essink reports on the need for engagement on the social risks for companies operating in this industry.
With global solid-waste production expected to reach 3.4 billion tons by 2050, society faces a growing waste management challenge. In the report, Dykstra also reflects on the outcomes of our ‘Reducing global waste’ engagement which has closed after three years, and discusses the future trajectory for companies addressing this issue.
Meanwhile, the report contains the regular updates on Robeco’s voting activities. Antonis Mantsokis provides an insight into why proxy voting is gaining increased importance, while Dykstra shares an outlook on expected shareholder proposals during the 2021 proxy voting season.
“After a turbulent 2020, we look optimistically towards 2021 as the year of recovery,” says Carola van Lamoen, Head of Sustainable Investing, in the introduction to the report. “Although the year has only just begun, we are already observing several important trends.”
“For instance, while labor rights have been a material issue for investors for years, Covid-19 has brought to light the precarious circumstances of many front-line workers. As a result, labor rights will play a key role in the new themes that will be added to our engagement program in 2021.”
“Another continuing area of focus is how companies are responding to climate change. Banks have an important role to play in this regard, using their loan books as a lever. Our new engagement theme, ‘Climate transition financials’, will encourage banks to incorporate climate considerations in their financing policies.”
Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.
The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
In the UK, Robeco Institutional Asset Management B.V. (“ROBECO”) only markets its funds to institutional clients and professional investors. Private investors seeking information about ROBECO should visit our corporate website www.robeco.com or contact their financial adviser. ROBECO will not be liable for any damages or losses suffered by private investors accessing these areas.
In the UK, ROBECO Funds has marketing approval for the funds listed on this website, all of which are UCITS funds. ROBECO is authorized by the AFM and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.
Many of the protections provided by the United Kingdom regulatory framework may not apply to investments in ROBECO Funds, including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service. No representation, warranty or undertaking is given as to the accuracy or completeness of the information on this website.
If you are not an institutional client or professional investor you should therefore not proceed. By proceeding please note that we will be treating you as a professional client for regulatory purposes and you agree to be bound by our terms and conditions.