As part of OPB’s commitment to exercising our proxy voting rights to support long-term corporate performance, in January 2016, we consolidated the voting across all public equity mandates and began implementing our Proxy Voting Policy.
OPB uses an external proxy voting service provider, Institutional Shareholder Services (ISS), to provide research and vote our proxies according to OPB's Proxy Voting Policy. OPB’s Director – Responsible Investing proactively monitors OPB’s holdings and proxy voting trends and oversees the implementation of the proxy voting process.
OPB’s Proxy Voting Policy was developed in part based on the ISS Sustainability Policy and focuses on long-term economic value preservation and enhancement by promoting corporate governance best practices. OPB views proxy voting as an important tool to encourage companies to provide adequate disclosure to shareholders relating to ESG factors, policies and initiatives. For example, the voting guidelines are generally supportive of proposals that promote greater disclosure of corporate environmental policies related to climate change.