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Nordea

PRI reporting framework 2017

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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 23. Percentage of (proxy) votes cast

23.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

52 %

Specify the basis on which this percentage is calculated

23.2. Explain your reason(s) for not voting certain holdings

23.3. Additional information. [Optional]


LEA 24. Proportion of ballot items that were for/against/abstentions

24.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

24.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
89 %
Against (opposing) management recommendations
10 %
Abstentions
1 %
100%

24.3. Describe the actions you take after voting against management recommendations.

          It depends on a number of factors. In many cases we engage with companies before the AGM to inform our intention to vote no. At other time we inform that we intend to vote no in the future if they do not change specific paramaters of the proposal, and then do so the coming season. We strive to have an active contact with companies on issues that are especially important to us.
        

24.4. Additional information. [Optional]


LEA 25. Shareholder resolutions

New selection options have been added to this indicator. Please review your prefilled responses carefully.

25.1. Indicate if your organisation directly or via a service provider filed or co-filed any ESG shareholder resolutions during the reporting year.

25.2. Indicate the number of ESG shareholder resolutions you filed or co-filed.

3 Total number

25.3. Indicate what percentage of these ESG shareholder resolutions resulted in the following.

Went to vote

100 %
Were withdrawn due to changes at the company and/or negotiations with the company
0 %

Were withdrawn for other reasons

0 %
Were rejected/not acknowledged by the company
0 %
Total 100%

25.4. Of the ESG shareholder resolutions that you filed or co-filed and that were put to vote (i.e. not withdrawn) how many received:

3 >50%
50-20%
<20%

25.5. Describe the ESG shareholder resolutions that you filed or co-filed and the outcomes achieved.

Aiming for A, mining resolutions

25.6. Additional information. [Optional]


LEA 26. Examples of (proxy) voting activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

26.1. Provide examples of the (proxy) voting activities that your organisation and/or service provider carried out during the reporting year.

Topic or ESG issue
          Capital policy
        
Decision made by
Objectives

Updating institutions on Nordeas capital policy

Scope and Process

We vote on thousands of different issues, and we always have the finally decision point in house. We also engage with companies to make them amend suggestions before the AGM. For example did we write letters to a number of institutions last year updating them on our capital policy, and made recommendations for a more limited approach in the 2016 season.

Outcomes

  Some folloewd our recommendation, other did not, and we hence voted against.

26.2. Additional information. [Optional]


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