Stewardship

Effective stewardship of capital is at the heart of our client proposition. Central to this is a highly differentiated approach to ESG analysis which is embedded in every part of the investment process. This helps us identify those business models that are most likely to sustain high returns and resist competitive pressures.

Stewardship 2018 Video Play Play Video
Stewardship Annual Report 2018 - An introduction

STEWARDSHIP CREDENTIALS

A+Awarded the highest possible rating (A+) from the PRI for each of its three top-level categories (strategy and governance, incorporation and active ownership).

Top tier Received the top ranking (Tier 1) from the UK Financial Reporting Council (FRC) for our statement of compliance with the UK Stewardship Code.

Signature Signatory of the Principles for Responsible Investment (PRI) since 2009.

CollaborateExtensive involvement in PRI collaborative-engagement initiatives, past and present.

HeadMartin Currie’s Head of Stewardship and ESG, David Sheasby, appointed to the PRI’s ESG Engagement Advisory Committee in 2017.

Differentiated ESG approach

Differentiated ESG approach

Effective stewardship of our clients’ capital drives our differentiated ESG approach, combining integrated ESG analysis and active ownership.

Integration

A consideration of ESG factors is fully embedded into our investment process by portfolio managers, and has been a standard component of our stock research template since 2009. Far from a tick-box exercise, this information is exposed to peer review as part of our process for building an investment case and is fed into qualitative analyses and company valuations. As with the fundamental analysis of financial factors, we focus on all the ESG areas that are relevant to the investment case.

Active Ownership

Active ownership or 'monitoring and engagement' are essential parts of being a shareholder. We believe that governance and financial returns are positively correlated over the long term, and active ownership allows us to improve our understanding of investee companies and their governance structures, so that our voting decisions may be better informed. The materiality and immediacy of a given issue will generally determine the level of our engagement.

Good Governance

Importantly, as a company we also practice what we preach – exercising the same, high level of governance oversight, risk management and operational stability that we look for ourselves in investee companies.

Our approach

Stewardship approach

Stewardship report 2018


Stewardship report 2018

The 2018 Stewardship Annual Report highlights our approach, activity and outcomes in 2017.

Read full annual report 2018
Download PDF version

Relevant documents

Proxy Voting Q2 2018 pdf
FRC UK Stewardship Code - statement of compliance pdf
Korean Stewardship Code - statement of compliance pdf
Responsible investment policy pdf
Proxy Voting Q1 2018 pdf
Proxy Voting Q4 2017 pdf
Proxy Voting Policy pdf
Global Corporate Governance Principles pdf
Proxy Voting Q3 2017 pdf
Japanese Stewardship Code - statement of compliance pdf
Stewardship annual report 2017 pdf
Stewardship annual report 2016 pdf

Stewardship news

View [ESG Outlook 2019] ESG Outlook 2019

ESG Outlook 2019

Head of ESG and Stewardship David Sheasby outlines the key sustainability issues for investors in 2019.

Active Outlook 5 December 2018
View [Plastic phase out - The investor view] Plastic bag in sea

Plastic phase out - The investor view

8 million tonnes of plastic waste enter our oceans each year. Is it time for investors to think about plastic phase out?

13 November 2018
View [The positive impact of ESG integration] The positive impact of ESG

The positive impact of ESG integration

In our view, the key aspects of stewardship should help to protect and grow our clients' capital, while also contributing to a healthier and more sustainable economic and financial system.

Active Viewpoint 25 September 2018
View [PRI in Person Conference 2018 Wrap Up] PRI Conference 2018 news

PRI in Person Conference 2018 Wrap Up

This year’s PRI-in-Person conference, which took place in San Francisco last week, was the largest PRI conference to date, with 1200 attendees representing asset owners, asset managers, consultants, service providers and NGOs.

Active Update 19 September 2018
View [Understanding the impact of water scarcity ] IMPACT OF WATER SCARCITY

Understanding the impact of water scarcity

Water stress is one of the most serious, yet underappreciated, challenges the world faces, with direct impacts for businesses – and therefore investors.

Active Outlook 10 September 2018
View [Global Emerging Markets - Through the ESG Lens] GEMs through the ESG lens news

Global Emerging Markets - Through the ESG Lens

Emerging markets have made great strides when it comes to ESG over the years, and there is now a constellation of companies which can go head to head with their developed-market peers.

Active Viewpoint 7 September 2018
View [Putting theory into practice] ACCESSING THE˜TRUE VALUE OF ESG

Putting theory into practice

Analysis of ESG cannot be done by half measures. To gain a full understanding of how sustainability factors can impact a company’s future returns, they must be embedded throughout the entire investment process – from idea generation and stock research, to financial modelling and portfolio construction.

Active Viewpoint 7 September 2018
View [The value of ESG] The value of ESG

The value of ESG

With environmental, social and governance (ESG) analysis fully embedded in our assessment of investee companies, we present the academic evidence on the value of corporate sustainability to businesses, investors and wider society.

Active Viewpoint 31 July 2018
View [Martin Currie achieves top ESG rating for second year in a row] PRI A+ award 2018

Martin Currie achieves top ESG rating for second year in a row

The Principles for Responsible Investment (PRI) assess responsible investment activities across the industry each year. Their review of 2017 has been published and Martin Currie has achieved A+ ratings for its responsible investment activities.

News 26 July 2018
View [Four ESG themes investors should be aware of right now] Four ESG Themes right now

Four ESG themes investors should be aware of right now

We’re often asked about the most important ESG themes that investors should consider. As bottom-up, active managers, we unsurprisingly tend to focus on those issues that are most material for each investment case. That said, there are several overarching ESG topics that we believe are increasingly important for investors to be aware of right now.

Active Outlook 14 June 2018
View [Stewardship Annual Report 2018] Stewardship Report News

Stewardship Annual Report 2018

Stewardship is an integral part of our philosophy, and this manifests itself in our integration, engagement and voting activity. As such, we are delighted to introduce our 2018 Stewardship Annual Report, which highlights our approach, activity and outcomes in 2017.

News 10 April 2018
View [Martin Currie sponsors PRI in person conference] David Sheasby

Martin Currie sponsors PRI in person conference

Martin Currie sponsored and played an active role at this year’s PRI In Person event in Berlin, 25 – 27 September, which offered a platform for PRI (Principles for Responsible Investment) signatories and other investment professionals to learn, network and collaborate.

News 4 October 2017
View [Martin Currie achieves highest possible ESG rating from the PRI] PRI A plus thumbnail

Martin Currie achieves highest possible ESG rating from the PRI

Effective stewardship of our clients’ capital is at the heart of our investment proposition. As such, we would like to share the results of the Principles for Responsible Investment’s (PRI) latest assessment of our stewardship activity.

News 20 July 2017
View [Staying ahead of the cyber threat] Staying ahead of the cyber threat

Staying ahead of the cyber threat

What implications are there from WannaCry and wider cybersecurity issues on the way we assess companies?

Active Viewpoint 12 June 2017
View [Money Management ‘responsible investments’ manager of the year] Money management award 2017

Money Management ‘responsible investments’ manager of the year

Martin Currie was named ‘Responsible Investments Manager of the Year’ at the annual Money Management Awards ceremony held on 25 May in Sydney. The award recognises Martin Currie’s Australia Ethical Income strategy, a client-driven solution launched in late 2015.

News 30 May 2017
View [Stewardship Annual Report 2017] Governance and sustainability annual report

Stewardship Annual Report 2017

Stewardship is a critical part of our philosophy, and this manifests itself in our integration, engagement and voting activity. As such, I am delighted to introduce our 2017 Governance & Sustainability Annual Report, which highlights our approach, activity and outcomes in 2016.

News 3 April 2017
View [Mergers & acquisitions - Cutting to the chase] MERGERS AND ACQUISITIONS – CUTTING TO THE CHASE

Mergers & acquisitions - Cutting to the chase

When analysing companies it is critical for us to understand how management discriminate between competing uses of capital. Mergers & acquisitions (M&A) activity is at the heart of this, and, in our view, an area where we believe many businesses could articulate their thinking better.

Active Viewpoint 6 March 2017