Voting and Engagement

Dialogue, at the heart of our approach

During the investment process, the quality of the companies’ management or countries’ government in which we invest is carefully assessed. We believe in the value of dialogue and active participation in shareholders meetings to influence the way companies or countries operate for the benefit of future generations.

Our commitment to a sustainable financial industry is evident in our active participation in shareholder meetings. The Voting Advisory Board (VAB) is in charge of designing the strategic framework for our responsible ownership approach and ensures the credible implementation of our voting policy.

Click below to access the voting results for all voted companies, including our voting decisions on each agenda item:

DPAM Voting Transparency Report

Key drivers of our voting policy

The Voting Policy defends corporate governance values and principles. It is used to leverage on our sustainable convictions and ESG priorities.

The protection of shareholders

Long-term interests of shareholders

Equal treatment

Rights of minority shareholders

Cooperation among shareholders

Sound corporate governance

Efficient and independent management centered around:

The role and composition of the Board of Directors

Committees and advisory boards

Avoiding conflicts of interest

Transparency and integrity of information

Reliable, clear, comprehensive and timely:

Financial statements

Remuneration policy

Social, environmental and good governance responsibility

As a responsible shareholder, we use our voice to leverage our global commitments to ESG, namely:

6 UNPRI-principles

TCFD recommendations

Net zero by 2050 or sooner

OECD recommendations on social and environmental responsibility

Corporate and sovereign engagement for impact

Engaging with companies can help to reduce the negative effects of their operations. By setting expectations for environmental, social, and corporate governance, we can guide their policies in a positive direction. Moreover, our proactive approach helps companies to avoid potential controversies.

We also engage with countries. Twice a year, we publish our sustainability country rankings, which serve as a basis for dialogue with key countries. Our positive agenda raises awareness on the importance of sustainability in sovereign investments and the added value of use-of-proceeds bonds (such as green bonds and social bonds) to address ESG weaknesses.