Responsible ownership
At Aware Super, being a responsible owner means we invest for strong retirement outcomes for our members, while also considering the impact of our investments on the environment and society.Read more about our Responsible Ownership approach
Read our Responsible Investment Report
Responsible Investment Policies
You can access our Responsible Investment policy for the Aware Super Pty Ltd products
You can access our Responsible Investment policy for the Aware Investment Funds
As an asset owner, we believe we have an obligation to seek to ensure that the companies and other assets in which we invest in are governed and managed in an appropriate way that will enhance performance over the longer term, and thereby produce the best financial outcome for clients. This is why we take an active interest in the ESG practices of the companies and assets in which we invest, and seek to exert influence on their governance, policies, practices and management through share voting, engagement and advocacy.
We have a significant exposure to listed share investments. Exercising the voting rights attached to shares held in public companies is something we regard as being integral to active ownership. Share voting is an important tool for engaging with companies. Voting is an effective way for the Trustee and other investors to publicly express its views on what a company is doing right, and what a company needs to improve.
Our proxy voting policy can be found in the relevant Responsible Investment: Environmental, Social & Corporate Governance Policy.
The following information provides summaries of voting activity undertaken during the period 1 July 2023 to 30 September 2023.
Our current proxy advisers are: the Australian Council of Superannuation Investors (ACSI) (domestic) and CGI Glass Lewis (international).
We are able to support a proposal by voting ‘For’, against a proposal by voting ‘Against’ or choose not to vote either for or against by ‘Abstaining’ or ‘Withheld’. Occasionally there may be a split vote where our managers have voted differently on a resolution.
Summary of Voting for PeriodProxy Voting Details | Number of Resolutions | % of Total Resolutions |
---|---|---|
Total Resolutions | 3,014 | |
Resolution Type: Management | 2,998 | 99% |
Resolution Type: Shareholder | 16 | 1% |
Total Votes "For" | 2,526 | 83% |
Total Votes "Against" | 449 | 15% |
Total Votes "Abstained" | 20 | 1% |
Total "Split" Votes | 19 | 1% |
Total "No Votes" / "Withheld" | 0 | 0% |
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 ReportsProxy Voting Details | Number of Resolutions | % of Total Remuneration Resolutions |
---|---|---|
Total Remuneration Reports | 296 | |
Total Votes "For" | 253 | 85% |
Companies typically raise proposals to be resolved through proxy voting. On occasion, shareholders may bring proposals to be voted upon. The table below contains a summary of shareholder proposals. Proposals are company proposals unless specified in the text of the proposal. For example, shareholder proposals will generally include the wording: ‘Please Note That This Resolution Is A Shareholder Proposal’, or ‘To consider a shareholder proposal regarding ….’.
Summary of Voting on Shareholder Raised ResolutionsProxy Voting Details | Number of Resolutions | % of Total Shareholder Raised Resolutions |
---|---|---|
Total Resolutions | 16 | |
Total Votes "For" | 7 | 44% |
Total Votes “Against” | 9 | 56% |
Total Votes “Abstain” | 0 | 0% |
Total Votes “Combination” | 0 | 0% |
Voting summaries | |
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The following information provides summaries of voting activity undertaken during the period 1 July 2023 to 30 September 2023.
Our current proxy advisers are: the Australian Council of Superannuation Investors (ACSI) (domestic) and CGI Glass Lewis (international).
We are able to support a proposal by voting ‘For’, against a proposal by voting ‘Against’ or choose not to vote either for or against by ‘Abstaining’ or ‘Withheld’. Occasionally there may be a split vote where our managers have voted differently on a resolution.
Summary of Voting for PeriodProxy Voting Details | Number of Resolutions | % of Total Resolutions |
---|---|---|
Total Resolutions | 1,278 | |
Resolution Type: Management | 1,265 | 99% |
Resolution Type: Shareholder | 13 | 1% |
Total Votes "For" | 1,129 | 88% |
Total Votes "Against" | 138 | 11% |
Total Votes "Abstained" | 10 | 1% |
Total "Split" Votes | 1 | 0% |
Total "No Votes" / "Withheld" | 0 | 0% |
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 ReportsProxy Voting Details | Number of Resolutions | % of Total Remuneration Resolutions |
---|---|---|
Total Remuneration Reports | 83 | |
Total Votes "For" | 70 | 84% |
Companies typically raise proposals to be resolved through proxy voting. On occasion, shareholders may bring proposals to be voted upon. The table below contains a summary of shareholder proposals. Proposals are company proposals unless specified in the text of the proposal. For example, shareholder proposals will generally include the wording: ‘Please Note That This Resolution Is A Shareholder Proposal’, or ‘To consider a shareholder proposal regarding ….’.
Summary of Voting on Shareholder Raised ResolutionsProxy Voting Details | Number of Resolutions | % of Total Shareholder Raised Resolutions |
---|---|---|
Total Resolutions | 13 | |
Total Votes "For" | 5 | 38% |
Total Votes “Against” | 8 | 62% |
Total Votes “Abstain” | 0 | 0% |
Total Votes “Combination” | 0 | 0% |
Voting summaries | |
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