As a major asset owner, the portfolio manager and investment team recognise their wider stewardship responsibilities to their clients.
To this end, they support the introduction of the FRC Stewardship Code which sets out the responsibilities of institutional shareholders in respect of the companies they invest in.
The investment team endorse the Stewardship Code for its UK investments and supports the principles as best practice elsewhere. They believe that regular contact with the companies in which they invest is central to their investment process and recognises the importance of being an ‘active’ owner on behalf of their clients.
They believe that companies should act in a socially responsible manner. Although their priority at all times is the best economic interests of their clients, they recognises that, increasingly, non-financial issues such as social and environmental factors have the potential to impact the share price, as well as the reputation of companies. Specialists within Ninety One’s environmental, social and governance team are tasked with assessing how companies deal with and report on social and environmental risks and issues specific to their industry.