The Engagement Report presents key findings and outcomes from Inrate’s ongoing dialogue with companies on material Environmental, Social, and Governance (ESG) topics. It highlights engagement progress, key performance indicators, and the real-world impact of structured and long-term engagement activities, offering insights into how active ownership drives measurable sustainability improvements.
Key Takeaways
- Engagement activity remained robust, with 100 companies engaged during the 2025 reporting period across Full, Light, and Governance Light engagements. Across these engagement formats, 498 individual issues were raised and discussed, reflecting the breadth and depth of dialogue on material ESG topics. Environmental and Social topics continued to gain prominence, accounting for approximately 25% of all engagement topics, compared to 20% in 2020.
- Measurable progress was observed across 146 KPIs, representing around 30% of all assessed indicators, with 91 milestones achieved during the year and 10 engagement objectives reached. This underlines the effectiveness of sustained, structured engagement combined with clear expectations and follow-up.
- Engagement efforts delivered the strongest outcomes in areas such as Scope 3 emissions and Human Rights Due Diligence, reflecting the impact of ongoing dialogue and clearer regulatory expectations. At the same time, Inrate continues to stress the importance of quality and credibility in governance practices, with particular focus on board competencies and the meaningful integration of ESG criteria into remuneration systems. Topics such as Biodiversity and Psychosocial Risks at Work remain challenging and will require continued engagement and escalation.
Contributors
Glen Boschi
Head of Engagement
