Fast reading
- Amid the macroeconomic challenges and ESG risks in China, there are also huge opportunities for positive impact aligned with sustainable value creation over the long term.
- A bottom-up approach is needed to identify Chinese companies showing positive momentum that are mitigating material ESG risks and are open to positive shareholder engagement.
- Across the portfolio as a whole, we have continued to use our voting power to communicate our expectations to companies, voting against management at 51% of meetings over the last 12 months.
- In this issue we also outline our work on establishing a climate risk framework and profile the Brazilian railway company Rumo, a new addition to the portfolio which is making a crucial contribution to the country’s net-zero transition.
- We also share reflections on the 28th United Nations Climate Change conference (COP28) in Dubai and the implications for emerging markets.
For more information on Global Emerging Markets Equity please click here.
GEMs ESG Materiality, H2 2023
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