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Universities Superannuation Scheme - USS

PRI reporting framework 2018

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Overview

LEA 15. Voting policy & approach

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

15.1. Indicate whether your organisation has a formal voting policy.

15.2. Indicate what your voting policy covers:

15.3. Attach or provide a URL to your voting policy. [Optional]

15.4. Provide a brief overview of your organization’s approach to (proxy) voting.

USS is committed to voting its proxies in an informed manner. Votes are confirmed in house by the RI team in association with the portfolio manager. Where possible, the scheme will write to the company to outline our concerns ahead of the vote.  If this is not possible,  we send the letter as soon as possible after the vote is cast.  Further details regarding our approach can be found on our website at: https://www.uss.co.uk/how-uss-invests/responsible-investment/voting.

See answers to LEA 18.2 for a detailed descripted of how USS is integrating environmental and social considerations into its proxy voting process.

We carefully review and consider shareholder resolutions where they have been submitted.

It is unusual to see shareholder resolutions in our home market (the UK), as shareholders have good access to management and boards. However, USS remains open to this potential route for escalation and co-filed shareholder proposals in 2015, 2016 and 2017.

In 2017 we pre-declared our support for several shareholder proposals on the PRI pre declaration platform including;  Charles Schwab, Exxon,  Pioneer and Occidental.


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