Engagement with issuers is a key component of AB’s three-pronged approach to active ownership. We generally engage prior to an investment, and closely monitor companies and issuers in which we have invested: doing so is a fundamental part of our research process. We also engage as part of our proxy voting process, where there are issues of concern and/or we hold a significant position.
AB maintains an Engagement Policy which is based on quantitative metrics and qualitative ESG issues. Our formalized engagement framework helps identify companies within our global holdings where we believe we are most likely to affect positive change, and/or where we have the greatest exposure at issuers with a potential ESG issue.