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A Proxy Voting Specialist’s View

May 15, 2023

Our Head of Proxy Voting, Marco Wapf, wrote an article for the Reporting Times. This article sheds light on the increasing need and desire for transparency of non-financial information. Marco Wapf presents his take on it and shows the advantages and disadvantages of this trend. He clearly states: Quality over quantity is his mantra.

See the article here.

Moreover, Marco Wapf contributed to an article of L’AGEFI with his assessment about the UBS annual general meeting. He is convinced that it won’t produce any surprises and he expects shareholders to have a high demand for more clarity as far as the strategy and idea behind the acquisition of Credit Suisse is concerned.

See the LinkedIn post.
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In addition, our Head of Proxy Voting provided the Aargauer Zeitung with the following statement: From a corporate governance perspective, double mandates (CEO and Chairman of the Board) should be viewed critically but under certain conditions, they can be accepted for a limited amount of time (e.g., vacancies, corporate crises).

See the article here.

Financial market infrastructure provider SIX announced today the launch of a new climate data offering, aimed at supporting investors in reporting and monitoring of climate factors, and in climate-related investment and risk decision making.

The climate data sets, from various data providers in a range of industries, will provide clients with modelled and reported emissions data, covering over 33,000 companies globally, and bringing together multiple data sets on regulatory, historical and forward-looking climate impacts from providers including MSCI and Inrate. SIX also announced that it has recently entered into an agreement with environmental disclosure platform CDP to offer access to its global Greenhouse Gas (GHG) Emissions Dataset across various industries.

According to SIX, the new data sets come as investors increasingly require ESG and climate data to monitor investment decisions and to meet growing regulatory disclosure requirements, including the EU’s SFDR and the U.S.’ upcoming SEC Climate Disclosure Rules.

Martina Macpherson, Head ESG Product Strategy and Management, Financial Information, SIX, said:

“Understanding, measuring and managing climate risk and opportunities, as well as the impact that these can have on investment decisions, is a critical area of focus for market participants and policy makers alike. As more climate risk monitoring and reporting is required globally, the cost of compliance is increasing – both in operations and in terms of specialist ESG resources. SIX works with established providers of basic and specific ESG and climate data in the market.”