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As a large investor we own shares in a wide range of companies. This allows us to vote on various matters and express our view on what a company is doing right, and what it needs to improve. This includes in relation to matters such as board composition (e.g. gender diversity), executive remuneration, and climate.

We can choose to:

  • support a proposal by voting ‘For’
  • reject a proposal by voting ‘Against’
  • not vote on a proposal by ‘Abstaining’

Occasionally there may be a 'split vote' where the trustee and an investment manager vote differently on a resolution. These are reported as a ‘combination vote’ in the voting summaries.

'No'/ 'Withheld' votes generally relate to issues affecting our ability to vote in certain markets, or where not all options in a resolution require a vote.

Our approach

For more information on our proxy voting approach, refer to the relevant policy below.

The following information provides summaries of voting activity undertaken during the period 1 April 2025 to 30 April 2025.

Summary of Voting for Period

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Proxy Voting Details Number of Resolutions % of Total Resolutions
Total Resolutions 7,108 Ìý
Total Votes "For" 6,056 85%
Total Votes "Against" 834 12%
Total Votes "Abstained" 112 2%
Total "Split" Votes 73 1%
Total "No Votes" / "Withheld" 33 0%


Remuneration Reports

Remuneration Reports include the specific compensation outcomes for companies where changes require shareholder approval. The table below includes outcomes of votes on Remuneration Reports.
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Summary of Voting on Remuneration Reports

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Proxy Voting Details Number of Resolutions % of Total Remuneration Resolutions
Total Remuneration Reports 546 Ìý
Total Votes "For" 415 76%


Voting Summaries

Voting summary for 1 April 2025 to 30 April 2025
PDF (4 MB)
Voting summary for 1 January 2025 to 31 March 2025
PDF (941 KB)
Voting summary for 1 December 2024 to 31 December 2024
PDF (434 KB)
Voting summary for 1 November 2024 to 30 November 2024
PDF (602 KB)
Voting summary for October 1 2024 to 31 October 2024
PDF (424 KB)
Voting summary for 1 July 2024 to 30 September 2024
PDF (1 MB)
Voting summary for 1 June 2024 to 30 June 2024
PDF (2 MB)
Voting summary for 1 May 2024 to 31 May 2024
PDF (3 MB)
Voting summary for 1 April 2024 to 30 April 2024
PDF (2 MB)
Voting summary for 1 January 2024 to 31 March 2024
PDF (1 MB)
Voting summary for 1 October 2023 to 31 December 2023
PDF (1 MB)
Voting summary for 1 July 2023 to 30 September 2023
PDF (1 MB)
Voting summary for 1 April 2023 to 30 June 2023
PDF (8 MB)
Voting summary for 1 January 2023 to 31 March 2023
PDF (1 MB)
Voting summary for 1 October 2022 to 31 December 2022
PDF (1 MB)
Voting summary for 1 July 2022 to 30 September 2022
PDF (1 MB)
Voting summary for 1 April 2022 to 30 June 2022
PDF (9 MB)
Voting summary for 1 January 2022 to 31 March 2022
PDF (1 MB)
Voting summary for 1 October 2021 to 31 December 2021
PDF (1 MB)
Voting summary for 1 July 2021 to 30 September 2021
PDF (1 MB)
Voting summary for 1 April 2021 to 30 June 2021
PDF (4 MB)
Voting summary for 1 January 2021 to 31 March 2021
PDF (1 MB)
Voting summary for 1 October 2020 to 31 December 2020
PDF (3 MB)
Voting summary for 1 July 2020 to 30 September 2020
PDF (1 MB)

Summary of Voting for Period

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Proxy Voting Details Number of Resolutions % of Total Resolutions
Total Resolutions 4,436 Ìý
Total Votes "For" 3,921 88%
Total Votes "Against" 475 11%
Total Votes "Abstained" 7 0%
Total "Split" Votes 9 0%
Total "No Votes" / "Withheld" 24 1%


Remuneration Reports

Remuneration Reports include the specific compensation outcomes for companies where changes require shareholder approval. The table below includes outcomes of votes on Remuneration Reports.

Summary of Voting on Remuneration Reports

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Proxy Voting Details Number of Resolutions % of Total Remuneraton Resolutions
Total Remuneration Reports 316 Ìý
Total Votes "For" 255 81%


Voting Summaries

Voting summary for 1 April 2025 to 30 April 2025
PDF (1 MB)
Voting summary for 1 January 2025 to 31 March 2025
PDF (532 KB)
Voting summary for 1 December 2024 to 31 December 2024
PDF (235 KB)
Voting summary for 1 November 2024 to 30 November 2024
PDF (471 KB)
Voting summary for 1 October 2024 to 31 October 2024
PDF (341 KB)
Voting summary for 1 July 2024 to 30 September 2024
PDF (496 KB)
Voting summary for 1 June 2024 to 30 June 2024
PDF (1 MB)
Voting summary for 1 May 2024 to 31 May 2024
PDF (2 MB)
Voting summary for 1 April 2024 to 30 April 2024
PDF (1 MB)
Voting summary for 1 January 2024 to 31 March 2024
PDF (799 KB)
Voting summary for 1 October 2023 to 31 December 2023
PDF (804 KB)
Voting summary for 1 July 2023 to 30 September 2023
PDF (522 KB)
Voting summary for 1 April 2023 to 30 June 2023
PDF (4 MB)
Voting summary for 1 January 2023 to 31 March 2023
PDF (778 KB)
Voting summary for 1 October 2022 to 31 December 2022
PDF (793 KB)
Voting summary for 1 July 2022 to 30 September 2022
PDF (585 KB)
Voting summary for 1 April 2022 to 30 June 2022
PDF (2 MB)
Voting summary for 1 January 2022 to 31 March 2022
PDF (706 KB)
Voting summary for 1 October 2021 to 31 December 2021
PDF (836 KB)
Voting summary for 1 July 2021 to 30 September 2021
PDF (475 KB)
ÌýVoting summary for 1 April 2021 to 30 June 2021
PDF (277 KB)
ÌýVoting summary for 1 January 2021 to 31 March 2021
PDF (335 KB)
ÌýVoting summary for 1 October 2020 to 31 December 2020
PDF (656 KB)
Voting summary for 1 July 2020 to 30 September 2020
PDF (486 KB)