Our Stewardship
Stewardship is central to our investment philosophy, integrating both voting and engagement activities to foster positive change and uphold ethical business practices.
To learn more about our initiatives and achievements, we invite you to explore our Annual Stewardship Report.
VOTING
Each year, we actively participate in the voting processes of the companies in which we invest, ensuring that our voices are heard on key issues that impact long-term value creation and sustainability. Even though we create mandates with external managers, all voting instructions are handled within AAIS to maintain consistency and alignment with our core values. Our report provides a comprehensive overview of the voting decisions and outlines our commitment to shareholder advocacy and responsible governance. We believe that transparency in our voting practices not only strengthens our accountability but also reinforces our dedication to fostering positive change in corporate behaviours.
Our Voting Activities in 2025 at a glance
1,762
General Meeting Participation
96%
Meetings Voted
22,193
Resolutions Voted
Our Voting Records are public and accessible after the annual general meetings through the following link.
ENGAGEMENT
The engagement section of our report showcases the proactive measures we take to address critical environmental, social, and governance issues with companies. Given the unique nature of our business, engagement activities are conducted directly by our external investment managers as well as cohesively through EOS, an external party that engages with companies on sustainability issues to promote the interests of investors. Through constructive dialogue and collaboration, we aim to influence corporate practices and foster sustainable growth. This report highlights our key focus areas, the progress achieved, and the outcomes realised during our engagements. By sharing these insights, we reaffirm our commitment to being active stewards of our investments and driving meaningful impact. We invite you to delve into our engagements to see how we are working towards a more sustainable and equitable future.
Our Engagement Activities in 2025 at a glance
22
External Investment Managers Engaged on our Behalf
419
Companies Engaged through Direct Dialogue
15
External Investment Managers Engaged in Collaborative Engagement
Case Studies of Companies Engaged through Direct Dialogue
Environmental Case Study: EQUINIX
Initiated by our Delegate: AEGON Asset Management
Equinix, a global data centre operator supporting cloud computing and AI, is expanding its infrastructure to meet rising demand while working to manage the associated increase in energy consumption and maintain progress toward its climate goals. Through engagement with AEGON Asset Management, the company highlighted its focus on energy efficiency, growing use of renewable power procurement through PPAs, and commitment to meeting its SBTi targets, while investors continue to monitor transparency around AI-driven energy demand, renewable sourcing, and Scope 3 emissions.
Social Case Study: LINCOLN ELECTRIC
Initiated by our Delegate: Boston Trust Walden
Boston Trust Walden engaged with Lincoln Electric over several years to improve transparency on human capital management and climate-related risks, encouraging disclosure of workforce demographics, hiring and retention metrics, and water-related sustainability performance. In response, Lincoln Electric enhanced its ESG reporting by publishing workforce composition and recruitment/retention data for the first time in 2025 and increasing disclosure on water risk management and efficiency improvements, demonstrating stronger oversight of workforce and environmental risks.
Governance Case Study: ØRSTED
Initiated by our Delegate: Schroders
Schroders engaged with Ørsted to assess how the company’s governance framework supports the execution of its renewable energy growth strategy while maintaining financial resilience, encouraging stronger disclosure on its transition plan, capital allocation, environmental performance, and stakeholder engagement. In response, Ørsted strengthened its focus on self-funded, higher-return investments, reinforced its balance sheet through a major rights issue, and reaffirmed its decarbonisation commitments, while acknowledging the need for clearer communication on the local benefits and environmental impacts of its projects.