As an active investor, companies are influenced to promote sustainable business and good corporate governance. In this respect, Quoniam works together with Union Investment, which implements our guidelines in contributions and votes at general meetings and in direct dialogue with companies in the interests of our clients.
The engagement approach consists of three phases: in the pre-engagement phase, problem areas in companies are identified that can be addressed through engagement activities. The two levers in the actual engagement phase are the exercise of voting rights and direct dialogue. All votes are published on the Union Investment voting dashboard shortly after the AGM. The most common topics include corporate governance issues, controversial shareholdings, carbon emissions, the switch to renewable energies, diversity, environmental issues, and social standards. In the post-commitment process, the results of activities are assessed at regular intervals.
Shareholder Rights Directive II (SRD II)
For the sub-funds of Quoniam Fund Selection SICAV, we outsource our engagement activities to Union Investment and refer in this context to the Engagement Policy of Union Investment. The implementation of the Engagement Policy and the publication of the voting behavior can be found in the Engagement Report 2024.
In the future, we plan to introduce our own Engagement Policy that is compatible with the Engagement Policy of our parent company. The expansion of our proxy voting platform from Broadridge will also enable us to generate reports on voting behavior for our customers in the future. Engagement services are only provided by Quoniam according to contractual agreement. Only in these cases will Quoniam provide a corresponding engagement report.