Engagement is key to improving corporate behaviour over the long term. We use our corporate access, research capabilities and investment scale to promote change.
Through our engagement with companies we focus on isssues such as governance and remuneration, board composition, supply chain management, including modern slavery, environment and social issues. There are many ways we engage to facilitate positive change including:
In addition to company specific themes, we’ve been focussing on five key themes for engagement.
We do not tolerate modern slavery or human trafficking within our business and take a risk-based approach to managing our supply chain.
Through our engagement, we aim to encourage better practices amongst our investee companies to increase transparency and disclosure regarding supply chain management. This should ensure systematic monitoring of human rights in company supply chains. Our approach to combat slavery and human trafficking can be found here.
Voting is an essential tool for working with companies to help them pursue policies that lead to sustainable returns and increase value for a broad range of stakeholders.
| Region | Votes with management | Votes against management** | Abstain* | Blocked | Took no action*** | Total |
|---|---|---|---|---|---|---|
| Americas | 645 | 412 | 9 | 1 | 7 | 1074 |
| Asia | 1397 | 81 | 16 | 2 | 7 | 1503 |
| Europe | 294 | 282 | 17 | 18 | 60 | 728 |
| Japan | 221 | 148 | 0 | 0 | 0 | 369 |
| MEA | 22 | 17 | 0 | 0 | 4 | 443 |
| Oceania | 144 | 35 | 11 | 0 | 7 | 197 |
| UK | 391 | 55 | 3 | 2 | 4 | 455 |
| Total | 3114 | 1030 | 113 | 23 | 89 | 4369 |
Source: Fidelity International, 31st December 2019.
This information is distinct from the voting record disclosed by Fidelity Management & Research Co.
* Excludes funds locally registered in France, Hong Kong, Japan, South Korea and Taiwan.
** 'Against Mgmt' and 'Abstain' meetings are where Fidelity voted against management or abstained in respect of one or more resolutions.
*** 'Took No Action' meetings relate principally to the General Meetings of Fidelity Funds.
For more information on how the Australian registered managed investment schemes voted on each resolution in relation to Australian listed entities in the 12 months to 30 June 2019, please refer to our Proxy Voting page.
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