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Eaton Vance Corp.

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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。

Calvert's service provider votes all proxies consistent with their guidelines. Items that must be voted on a case-by-case basis are referred to us to be researched, analysed, discussed and voted internally. In rare instances when an exception to a voting policy occurs, Calvert follows internal procedures regarding how to cast their vote. Calvert's rationale for all proxy votes is provided on their website.

Eaton Vance Management has adopted policies and procedures that it believes are reasonably designed to ensure that proxies are voted in the best interest of clients, in accordance with its fiduciary duties, to the extent applicable, and Rule 206(4)-6 under the Investment Advisers Act of 1940, as amended (the "Advisers Act").

EVM generally votes proxies received by a client for which it has sole investment discretion through an independent third-party proxy voting service (Agent) in accordance with guidelines (Guidelines) established and reviewed by a Global Proxy Group, which includes representatives of the Adviser.

The Agent (currently Institutional Shareholder Services, Inc.) is required to vote and/or refer to EVM's Proxy Administrator, for consideration by a Global Proxy Group established by EVM, all proxies in accordance with formal written customized guidelines. When a proxy voting issue has been referred to the Proxy Administrator, the Global Proxy Group determines the final vote (or decision not to vote) and the Proxy Administrator instructs the Agent to vote accordingly for securities held in client accounts.

EVM has established Guidelines and generally will utilize such Guidelines in voting proxies on behalf of its clients. The Guidelines are largely based on those developed by the Agent but also reflect input from the Global Proxy Group and other investment professionals and are believed to be consistent with the views of EVM on the various types of proxy proposals. The Guidelines are designed to promote accountability of a company's management and board of directors to its shareholders and to align the interests of management with those of shareholders. The Guidelines provide a framework for analysis and decision making but do not address all potential issues.

EVM maintains procedures designed to identify and address potential material conflicts of interests in voting proxies. If the Proxy Administrator expects to instruct the Agent to vote in a manner inconsistent with the Guidelines, the Global Proxy Group, in consultation with EVM's Legal and Compliance Department, will determine if a material conflict of interest exists between EVM and its clients, and if so determined, EVM will seek instruction on how the proxy should be voted from the client (in the case of an individual or corporate client), its board of directors or any (sub)committee or group of Independent Trustees (in the case of a Fund), or the adviser in situations where EVM acts as sub-adviser to such adviser.

If the client, Fund board or adviser, as the case may be, fails to instruct EVM on how to vote the proxy, EVM will generally instruct the Agent, through the Proxy Administrator, to abstain from voting to avoid the appearance of impropriety, unless the failure to vote would have a material adverse economic impact on the client's securities holdings.

The Procedures also require EVM to establish that the Agent (i) is independent from EVM, (ii) has resources that indicate it can competently provide analysis of proxy issues, and (iii) can make recommendations in an impartial manner and in the best interests of the clients and, where applicable, their beneficial owners.

Parametric:

https://www.parametricportfolio.com/about/investment-stewardship/proxy-voting-summary

Atlanta Capital has adopted proxy voting policies and procedures when ACM has been delegated voting authority.  The policies are designed to promote accountability of a company’s management to its shareholders and to align the interests of management with those shareholders.  ACM utilizes an outside voting service, Institutional Shareholder Services (ISS), for administration of the proxy voting process overseen internally by a proxy coordinator and senior members of the equity portfolio management team.  ACM has delegated to ISS the authority to vote proxies for client accounts pursuant to guidelines adopted by ACM or pursuant to special instruction by ACM.

 

 

 

12.3. 補足情報[任意]

Eaton Vance undertake an annual review of our proxy voting guidelines to ensure that they are consistent with our policy objectives and current best practices.


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]


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。

その他(説明してください)

          Calvert will engage with a company when we believe an ESG is financially material
        

15.3. 補足情報 [任意]

The answers above represent EVC's affiliate, Calvert.


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]

The answers above represent EVC's affiliate, Calvert.


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

100 %

この投票率の計算基準を明記してください

17.3. 補足情報[任意]

The answers above represent EVC's affiliate, Calvert.


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
66 %
経営陣の提案に対する反対票
34 %
棄権
0 %
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。

.04

18.4. 補足情報 [任意]

The breakout above represents Calvert.

The Calvert engagement strategy involves having dialogue with companies in an effort to influence their strategy related to financially material ESG issues so that they can support their proposals that are submitted to shareholder vote. Calvert has engaged with less than 1% of the companies where they have voted against management.


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。

19.2. 棄権後、または経営陣に反対する票を投じた後に貴社が用いるエスカレーション戦略を示してください。

19.3. 補足情報 [任意]

The answers above represent EVC's affilaite, Calvert.

In accordance with Calvert's proxy voting policies and procedures, if they fail to cast a vote or they vote against Calvert’s voting guidelines, Calvert will report such votes to the Engagement and Proxy Voting Committee, which includes the Chief Executive Officer. Additionally, the Boards of Directors/Trustees of the Calvert Funds receive quarterly reports related to such voting activity.


LEA 20. Shareholder resolutions

20.1. 貴社が報告年度中に、直接もしくはサービスプロバイダーを介して、ESG株主決議を提出または共同提出したか示してください。

20.2. 貴社が行ったまたは共同で行ったESG関連株主決議の数を記載してください。

7 合計

20.3. 以下の結果をもたらした、これらのESG関連株主決議の数の割合を記載してください。

議案に採用された
57 %
企業側での変更または企業との交渉により撤回された
43 %
別の理由で撤回された
0 %
企業側により拒絶された/受け入れられなかった
0 %
合計 100%

20.4. 貴社が提出または共同提出したESGの株式決議で議案に採用された(撤回されなかった)ものに対する賛成票の割合を選択してください。

0 50%超
0 20〜50%
2 20%未満

20.5. 貴社が提出または共同提出したESG関連の株主決議で、結果が達成されたものについて説明してください。

Engagement capabilities presented reflect the work of EVC's affiliate, Calvert.

Calvert filed six shareholder proposals addressing employee and board diversity. These proposals called on companies to:

  • Embed a commitment to diversity including gender, race, ethnicity in governance documents;
  • Commit publicly to include women and people of color in each candidate pool for board and senior leadership seats; and
  • Disclose the racial, ethnic and gender composition of the board in annual proxy statements.

Calvert has withdrawn three of these proposals because the companies committed to take steps to address our concerns. Three other proposals were pending as of the completion of the UN PRI report.

Calvert filed one shareholder proposal addressing renewable energy during the reporting year. This proposal was pending at the time of completion of this report.

20.6. 貴社が他の投資家によって提出されたESG株主決議を審査するかどうかについて説明してください。

Yes, as part of Calvert’s proxy voting guidelines, Calvert's service provider generally reviews ESG shareholder resolutions and makes determinations about how to vote based on their guidelines. Calvert are generally supportive of shareholder resolutions and are willing to vote against management to support them. In select cases, Calvert's proxy voting committee will meet and discuss certain higher profile shareholder resolutions on a case-by-case basis and may in some instances override their existing policy.

20.7. 補足情報[任意] 


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
Shareholder rights
意思決定者
目的

Amend Articles/Bylaws/Charter - Call Special Meetings (S0235)

To reduce ownership threshold for shareholders to call special meetings

対象範囲およびプロセス

Of 25 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Shareholder rights
意思決定者
目的

Adopt/Amend Proxy Access Right (S0221/S0226)

To adopt/amend proxy access rights

対象範囲およびプロセス

Of 25 proposals, Calvert voted in favour of all the proposals against management.

 

結果
ESGトピック
Diversity
意思決定者
目的

Gender Pay Gap (S0817)

To generate a report on gender pay gap.

対象範囲およびプロセス

Of 13 proposals, Calvert voted in favour of all the proposals against management.

 

結果
ESGトピック
Political spending / lobbying
意思決定者
目的

Political Contributions Disclosure/Political Lobbying Disclosure (S0807/S808)

To generate a report on political contributions/lobbying payments and policy.

 

対象範囲およびプロセス

Of 64 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Diversity
意思決定者
目的

Board Diversity (S0227)

To report on and/or increase board diversity.

対象範囲およびプロセス

Of 4 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Climate Change
意思決定者
目的

Climate Change Action/Report on Climate Change (S0745/S0742)

To generate report regarding climate change actions.

対象範囲およびプロセス

Of 6 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Pollution
意思決定者
目的

GHG Emissions (S0743):

To adopt and report on quantitative company-wide GHG goals.

対象範囲およびプロセス

Of 8 proposals, Calvert voted in favour of all the proposals against management.

 

 

結果
ESGトピック
Human rights
意思決定者
目的

Risk Assessment/Improve Human Rights Standards or Policies (S0412/S0414)

To generate report on human rights policies and processes.

 

対象範囲およびプロセス

Of 16 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Executive Remuneration
意思決定者
目的

Link Executive Pay to Social Criteria (S0510):

To incorporate ESG criteria in senior executive compensation

対象範囲およびプロセス

Of 12 proposals, Calvert voted in favour of all the proposals against management.

結果
ESGトピック
Other governance
意思決定者
目的

Require Independent Board Chairman (S0107):

To require an independent board chairman

対象範囲およびプロセス

Of 58 proposals, Calvert voted in favour of all the proposals against management.

結果

21.2. 補足情報[任意]

The proxy voting actives above represent EVC's affiliate, Calvert.

 


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