LPPI's Service provider makes voting recommendations in line with Sustainability Proxy Voting Guidelines which are designed for investors concerned with ensuring active ownership, portfolio value preservation and the incorporation of sustainability (ESG) factors is carried through into their proxy voting activity.
The Sustainability policy seeks to promote support for recognized global governing bodies which are promoting sustainable business practices, advocating for stewardship of the environment, fair labour practices, non-discrimination, and the protection of human rights.
The policy takes as its frame of reference internationally recognized sustainability-related initiatives such as
- United Nations Environment Programme Finance Initiative (UNEP FI)
- Principles for Responsible Investment (UNPRI)
- United Nations Global Compact, Global Reporting Initiative (GRI),
- Carbon Principles,
- International Labour Organization Conventions (ILO),
- CERES Principles,
- Global Sullivan Principles,
- MacBride Principles,
- environmental and social European Union Directives
On matters of corporate governance, executive compensation, and corporate structure, the Sustainability Policy guidelines are based on a commitment to create and preserve economic value and to advance principles of good corporate governance.