Our 2024 UK Stewardship Code Report details how we’re supporting sound stewardship practices in the UK and beyond. As a founding signatory and supporter of the Financial Reporting Council’s (FRC) Stewardship Code since 2010, in this year’s report we cover the 12 key principles of the stewardship code.
Stewardship is an important part of our ambition to be the most client-centric asset manager. For an increasing number of people sustainable investing, is becoming an important part of their portfolio. Standards and expectations in the industry are becoming more stringent. This report highlights how we are fulfilling our clients’ needs and our own commitments by documenting our stewardship activities in 2024.
ESG Integration
Our investment processes focus on sustainable value creation and effective risk mitigation. We integrate financial material considerations in our investment capabilities where relevant, and apply ESG factors in a variety of ways, depending on the asset class, strategy and our clients ‘demands. Our Sustainable Investing Services team provides support and analysis, while our investment managers maintain discretion on portfolio decisions.
Active Ownership
We engage constructively with issuers and use our expertise to make voting decisions that align with our clients' best interests.
Innovation and Data
Quality data is crucial for effective investment analysis. We enhance our data and analytics capabilities by updating our proprietary tools, including ESGintel, PROXYintel and ESGCentral. These tools assist with research, portfolio reviews, portfolio optimisation, engagement and proxy voting.
Client Partnerships
We adopt a client-centric approach, customising solutions to meet sustainability-focused needs and objectives. We offer a suite of portfolio solutions for clients who wish to pursue sustainability-focused goals, including imposing sustainable investing guidelines and restrictions.
Industry Engagement
We participate in industry initiatives to promote the continued improvement of functioning financial markets. We are involved in many industry bodies, including the Principles for Responsible Investment (PRI), the Global Real Estate Sustainability Benchmark (GRESB), and the Task Force on Climate Financial Disclosures (TCFD).
Engagements
We consider engagement with issuers as a powerful and effective tool to promote long-term sustainable value creation, for the benefit of our clients. In 2024, Invesco conducted more than 1,990 engagements covering sustainability focused themes firm-wide.
2024 proxy voting overview
We seek to make voting decisions we believe best serve the interests of our clients and their investment objectives by supporting good corporate governance practices that promote long-term value creation
- 12,935 meetings voted
- 9,445 companies voted
- 70 markets voted
- 123,264 proposals voted
- 148,273 ballots voted
- 98.85% of meetings voted
“At Invesco UK (Invesco Asset Management Limited), we hold the view that true stewardship extends beyond mere asset management. It encompasses proactive engagement and a dedication to creating sustainable, long-term value for our clients and beneficiaries. Specifically, for our UK operations, clients, and assets, this also entails compliance with the Financial Reporting Council’s (FRC) UK Stewardship Code.”
Doug Sharp, Head of Invesco EMEA and Americas