Responsible investing at Macquarie Asset Management

Responsible investing at Macquarie Asset Management

Macquarie Asset Management (MAM) is committed to responsible investment, as demonstrated by becoming a Principles for Responsible Investment (PRI) signatory. As a signatory, MAM has a responsibility to abide by PRI’s six principles for responsible investment, and we have structured our responsible investing approach towards fulfilling this obligation as follows:

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We will incorporate ESG issues into investment analysis and decision-making processes

MAM, including Delaware Funds by Macquarie, offers investment management capabilities across a number of asset classes. Our specialized, independent investment teams are focused on delivering long-term, consistent results for our clients. Each team has autonomy to execute on its own investment philosophy. Our teams share several traits: independent thinking, global perspectives, and conviction in their specialized investment philosophies. Many of our teams also recognize that environmental, social, and governance (ESG) factors may provide additional insight into investment risk. Each team differs in the extent of its coverage and review of these factors.

We provide all of our investment teams with access to specialized ESG research, governance, and proxy analysis. The investment teams determine how best to leverage this information in their investment processes.

We will be active owners and incorporate ESG issues into our ownership policies and practices

Our investment teams often engage with companies as part of their regular investment processes. These engagements are typically strategic in nature and provide additional insights into management quality, business drivers, financial strategy, and future business prospects. During these meetings we may discuss ESG factors, where relevant, and incorporate our findings into our overall assessment of the management teams

Where our teams are active investors and rely on fundamental research as a key part of their investment processes, they are also often active proxy voters and exercise voting rights responsibly. We act as owners and seek to ensure that proxies are voted in the best interests of our clients and that our proxy voting activities adhere to the requirements of all applicable rules and general fiduciary principles.

Each regulated entity within MAM that votes on behalf of its clients has a proxy voting policy. The policies are updated annually and are available upon request.

We will seek appropriate disclosure on ESG issues by the entities in which we invest

We may also engage directly with the entities in which we invest in order to encourage additional ESG disclosure. Companies that we have targeted for engagement are typically identified and prioritized by geography, sector, and size in order to ensure that a diverse cross section of engagements is undertaken.

Macquarie Asset Management is an original member of the SASB Alliance, whose members share the belief that today’s capital markets need standardized sustainability disclosure and effective ESG integration into investment practices – for the benefit of both companies and investors.

We will promote acceptance and implementation of the Principles within the investment industry

Through membership and participation in organizations such as CDP Climate Change (CDP), Global Real Estate Sustainability Benchmark (GRESB), and the Sustainability Accounting Standards Board (SASB), Macquarie Asset Management and its affiliates are collaborating with others in the investment industry to further the Principles. Click below for more information on these organizations:

We will work together to enhance our effectiveness in implementing the Principles

MAM’s ESG Oversight Committee is responsible for implementing, maintaining, and monitoring MAM’s ESG practices. Each of MAM’s investment teams has a representative on the Committee, allowing each of the teams to share best practices in incorporating ESG factors into their investment processes.

We also collaborate with our colleagues throughout Macquarie Group to assist in our collective approach towards ESG. Macquarie’s environmental, social, and governance (ESG) commitment reflects our responsibility to clients, shareholders, and the communities in which we operate. For more details, please click on the following to view Macquarie Group’s ESG approach:

We will report on our activities and progress towards implementing the Principles

As a PRI signatory, we are required to report publicly on our responsible investment activities each year. Following is a link to our most recent Transparency Report*:

View latest Transparency Report

Additional information:

*This third-party content is provided for informational and educational purposes only.