At Goldman Sachs Asset Management (GSAM), we are committed to promoting and exercising effective stewardship among the companies represented in the portfolios we manage on behalf of our investing clients. We believe stewardship, active engagement, and integration of environmental, social, and governance (ESG) factors play an important role in active investment management.
We are active participants in various ESG industry efforts, and strive to balance the depth and quality of our contributions, as well as to be transparent and collaborative in our approach. This page outlines how we evidence our commitments to various industry collaborations around the globe.
Please see the 2019 GSAM Stewardship Report, which highlights GSAM’s proxy voting and engagement efforts.
At GSAM, we also demonstrate responsible ownership through our global proxy voting policy, which is updated annually to incorporate current beliefs on key governance and ESG topics. We regularly engage company management teams throughout the year. Please see our engagement policy. We disclose our voting publicly each year in a filing with the US Securities and Exchange Commission for all GSAM US 1940 Act mutual funds and on our website. In the UK, GSAM publically discloses its proxy votes quarterly to be compliant with UK Stewardship code. Please access our website for details of our voting record with regard to our holdings in UK. Beginning 3Q20, GSAM will publically disclose all votes, in line with the Shareholder Rights Directive II.
We act to advance best practices via affiliations and industry participation. GSAM seeks to build industry influence and promote best practices in ESG and stewardship through various memberships and affiliations, including:
Shareholder Rights Directive II
GSAM became a signatory to the UN PRI in 2011, committing to considering the investment implications of ESG issues within our portfolio management and investment decision-making processes. GSAM received an A+ score on its overall approach to ESG strategy for the fourth consecutive year. We report annually to the UN PRI.