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Storebrand ASA

PRI reporting framework 2020

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

(委任状による)議決権行使および株主決議

LEA 12. Typical approach to (proxy) voting decisions

12.1. (委任状による)議決権行使を通常どのように決定しているかを明示して下さい。

アプローチ

以下に基づいて行う

12.2. 合意された議決権ポリシーがどのように遵守されているかを概観し、ポリシーの例外が適用された場合(該当する場合)のアプローチの詳細を示してください。

Storebrand is involved in direct voting activities in the Norwegian and Swedish market, primarily on governance, climate change and transparency issues. 

For international proxy voting, we use ISS Voting Services. We have our own voting policy that mostly corresponds with ISS' Sustainability Voting Policy. In 2019 we voted differently from ISS' recommendation on 15 issues as their recommendation deviated from our own policy. For background and facts on different agenda items we mainly use ISS' research reports, also when we disagree on their recommendation. 

In 2019 we voted on approximately 150 meetings, we aim to significantly increase this number in 2020.  

12.3. 補足情報[任意]

Storebrand's main tool in active ownership is direct dialogue with companies. It is our experience that direct dialogue (i.e. by qualified personnel) is a resource efficient way of achieving improvements, and one that is also valued by the corporates of which we hold equities or bonds.The voting processes require significant quality control at several stages by in-house resources, both in Operations and Front Office.


LEA 13. Percentage of voting recommendations reviewed (Not Applicable)


LEA 14. Securities lending programme

14.1. 貴社では、セキュリティーズレンディングを設定していますか?

14.3. 貴社の証券貸付プログラムで投票の問題にどのように対処しているか示してください。

14.4. 補足情報 [任意]

JP Morgan is the custodian for Storebrand asset Management.


LEA 15. Informing companies of the rationale of abstaining/voting against management

15.1. 報告年度内に関与した議決権行使のうち、貴社、または貴社の代理を務めるサービスプロバイダーが議決権行使に先立って企業に懸念を表明したものの割合を示してください。

15.2. これらの企業に対し、議決権行使に先立って懸念を表明した理由を示してください。

15.3. 補足情報 [任意]


LEA 16. Informing companies of the rationale of abstaining/voting against management

16.1. 貴社または貴社の代理を務めるサービスプロバイダーが、議決権行使を棄権する場合、または経営陣の提案に反対票を投じる場合に、当該企業にその根拠を伝えた議決権の割合を示してください。これは行使可能な全議決権の中で占める割合とします。

16.2. 貴社が議決権行使を棄権する場合、または経営陣の提案に反対票を投じる場合に、企業にその根拠を伝える理由を示してください。

16.3. 貴社が議決権行使を棄権するまたは経営陣の提案に反対票を投じる根拠を伝える場合、この根拠を公表しているか示してください。

16.4. 補足情報[任意]


LEA 17. Percentage of (proxy) votes cast

17.1. 貴社やサービスプロバイダーが(代理)投票の指示を発行するマンデートを有している上場株式について、報告年度中に行った投票の割合を記載してください。

1%単位の投票率

1 %

この投票率の計算基準を明記してください

17.2. 一定の株式保有分について議決権を行使しない理由を説明して下さい:

17.3. 補足情報[任意]

In addition to the points indicated above, Storebrand prioritises voting on key ESG issues like diversity and climate change that are identified in our voting policy.

Regarding costs under 17.2: it is very time consuming to go through meeting research papers and we need to prioritize the largest companies and the companies where we have large holdings. We aim to increase the share of voted companies through increased automation. 


LEA 18. Proportion of ballot items that were for/against/abstentions

18.1. 貴社または貴社の代理を務めるサービスプロバイダーが出した議決権行使に係る指示を追跡しているか示してください。

18.2. 貴社または貴社の代理を務める第三者が出した議決権行使に係る指示のうち、各投票項目の占める割合を示してください。

議決権行使に係る指示の対象
投票の内訳(%)
経営陣の提案に対する賛成票
84 %
経営陣の提案に対する反対票
15 %
棄権
1 %
100%

18.3. 貴社が経営陣の提案に対する反対票を投じたケースにおいて、貴社がエンゲージメントを行った企業の占める割合を示してください。

10

18.4. 補足情報 [任意]


LEA 19. Proportion of ballot items that were for/against/abstentions

19.1. 不首尾に終わった議決権行使後の正式なエスカレーション戦略が貴社にあるか示してください。

19.3. 補足情報 [任意]

We do not have a formal strategy for this, but will follow up with engagements on issues of special importance.


LEA 20. Shareholder resolutions (Private)


LEA 21. Examples of (proxy) voting activities

21.1. 報告年度に貴社またはサービスプロバイダーが実行した(委任状による)議決権行使の例を提供してください。

ESGトピック
Diversity|Sustainability reporting
意思決定者
目的

Storebrand/SPP supported a proposal on reporting of the Gender Pay Gap in Oracle Corporatin as we would benefit from additional information allowing us  to measure the progress of the company's diversity and inclusion initiatives.

対象範囲およびプロセス

We supported an already submitted shareholder proposal.

結果
ESGトピック
Climate Change|Pollution|Sustainability reporting
意思決定者
目的

Chevron Corporation: Report on Plans to Reduce Carbon Footprint Aligned with Paris Agreement Goals

Storebrand/SPP voted for this non-binding resolution as such a report would, at reasonable cost and omitting proprietary information, aid shareholders in understanding the company's assessment of how it could reduce its carbon footprint in alignment with greenhouse gas reductions necessary to achieve the Paris Agreement’s goal of maintaining global warming well below 2 degrees Celsius, and of its management of risks related to climate change.

対象範囲およびプロセス

We supported an already submitted resolutions.

結果
ESGトピック
Executive Remuneration|Company leadership issues|General ESG
意思決定者
目的

Hennes & Mauritz AB: Disclose Sustainability Targets to be Achieved in order for Senior Executives to be Paid Variable Remuneration; Report Annually on the Performance of Senior Executives About Sustainability Targets

Storebrand/SPP voted for this proposal as shareholders would benefit from more comprehensive information about the inclusion of sustainability measures in the compensation framework, which would allow investors to better assess how executives are being incentivized to address the risks arising from current social and environmental challenges

対象範囲およびプロセス

We supporten an already submitted resolution.

結果
ESGトピック
Climate Change|Pollution|Health and Safety
意思決定者
目的

DuPont de Nemours:Report on Public Health Risks of Petrochemical Operations in Flood Prone Areas

Storebrand/SPP voted for this resolution as shareholders would benefit from the requested report by providing us additional information on the public health risks associated with the company's petrochemical operations and enable us to better assess the company's management of related risks.

対象範囲およびプロセス

We supported an already submitted resolution.

結果

21.2. 補足情報[任意]

Overview over all voted casted against: https://www.storebrand.no/en/sustainability/active-ownership/_attachment/8980?_ts=160502a4c6b

 


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