At Northern Trust Asset Management, we believe that by serving as an active owner we help portfolio companies produce sustainable value over the long term. Our active ownership approach involves engaging in regular dialogue with portfolio companies to confirm that they are delivering positive long-term investment outcomes for the benefit of our clients.
The fundamental precept followed by Northern Trust in voting proxies is to confirm that the manner in which shares are voted is in the best interest of clients/beneficiaries and will aim to maximize shareholder value. Northern Trust's proxy voting framework, as outlined in our proxy voting policies, procedures and guidelines, provide that the Northern Trust proxy committee will generally vote for or against various proxy proposals, usually based upon certain special criteria.
The UK Stewardship Code
In September 2022, Northern Trust Asset Management (NTAM) achieved signatory status of the UK Stewardship Code 2020, a global best-practice in investment stewardship. This achievement demonstrates our deep commitment to the principles and purpose of the Code. The revised UK Stewardship Code 2020 comprises a set of 12 ‘apply and explain’ Principles for asset managers and asset owners designed to ensure the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries. We applaud the FRC’s leadership in continuing to advance the disclosure and application of the standards and will continue to enhance our approach to remain aligned with the Code, client expectations and our commitments.
The Dutch Stewardship Code
The Dutch Stewardship Code provides a set of principles for stewardship by asset owners and asset managers towards Dutch listed investee companies. The Code sets out how institutional investors can meet their responsibilities regarding engaged and responsible stewardship in a way that contributes to the long-term value creation by Dutch listed companies. Northern Trust is committed to effective stewardship and complies with the Dutch Stewardship Code for all principles that apply.
De Nederlandse Stewardship Code bevat een reeks beginselen voor rentmeesterschap door vermogensbezitters en vermogensbeheerders ten aanzien van Nederlandse beursgenoteerde ondernemingen waarin zij beleggen. In de code wordt uiteengezet hoe institutionele beleggers kunnen voldoen aan hun verantwoordelijkheden ten aanzien van betrokken en verantwoord rentmeesterschap op een wijze die bijdraagt aan de waardecreatie op lange termijn door Nederlandse beursgenoteerde ondernemingen. Northern Trust zet zich in voor effectief rentmeesterschap en voldoet aan de Nederlandse Stewardship Code voor alle principes die van toepassing zijn.
NTAM Engagement Policy [PDF]
Since 2015 Northern Trust has incorporated an engagement program into our UCITS funds with Hermes EOS, providing an opportunity to engage with companies, to seek ways to improve their sustainability performance.
Hermes EOS Engagement Reports
Use the links below to view the full suite of Hermes EOS Quarterly and Annual Engagement Reports on all applicable Northern Trust Funds.
Our approach to voting proxies is to ensure that the manner in which shares are voted is in the best interests of clients and the value of the investment.
Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.
Northern Trust Asset Management comprises Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.
Issued by Northern Trust Global Investments Limited.