Daily BriefsESG

Daily Brief ESG: Changes in Voting Practices of Japan’s Major Investment Managements Will Take Time to Take Hold and more

In today’s briefing:

  • Changes in Voting Practices of Japan’s Major Investment Managements Will Take Time to Take Hold

Changes in Voting Practices of Japan’s Major Investment Managements Will Take Time to Take Hold

By Aki Matsumoto

  • Because there’s nothing about addressing environmental issues that the company itself opposes because they are global issues, it’s relatively easy to vote in favor of shareholder proposals on environmental issues.
  • Governance proposal is the most sensitive because it’s directly related to election of directors. It’s challenging for domestic investment managers to vote in favor of shareholder proposals during proxy fights.
  • FSA’s tightening of oversight of ESG investment trusts has triggered shift by major Japanese investment managers toward establishing ESG-related-voting policies and exercising their voting rights in accordance with these policies.

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