As explained above, our voting research does not identify specific resolutions to be opposed; it simply gives an indication to the client that a vote against management may be warranted at an upcoming AGM for reasons of ESG concerns.
The source for this information is the Vigeo Eiris core ESG research database. This proudly consists of comprehensive ESG analysis undertaken at regular intervals (outside of the AGM meeting cycle) as well as ESG event-driven controversies alerts and (where relevant) ratings and data updates, which is undertaken as and when an ESG event (positive or negative) is identified by our news monitoring. All issuers have access to view their summary profile on our issuer portal, VE Connect, so they are aware of ESG concerns we have about their company, and the ratings we provide.
A check of the company profile information is also undertaken prior to confirmation of the research being sent to clients, to ensure there is no more recent pertinent information which may affect the position identified by the research, data and ratings on our database.
Therefore, issuers do not get specific pre-notification of a report related to our voting service that identifies sufficient cause for concern, though they do have access to view a summary of our general analysis of ESG performance of their company. This is a reliable proxy for whether there may be adequate cause for concern indicated in our AGM research note.
As with all of the research, data and ratings we provide to investors, the consumers of our research are at all times free to take their own view and position in light of what we provide to them.