NEST Voting Report for the period 01 Jan 2024 to 01 Apr 2024

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Table of Contents

 

Vote summary by region

AGM Class Court EGM GM OGM SGM Total
Africa 4 0 0 0 0 0 0 6
Asia & Oceania : Developed 125 0 0 0 0 0 0 132
Asia & Oceania : Emerging 37 0 0 0 0 0 0 323
Europe : Developed 53 0 0 0 0 0 0 68
Europe : Emerging 10 0 0 0 0 0 0 21
Japan 39 0 0 0 0 0 0 40
Latin America & Caribbean 0 0 0 0 0 0 0 6
North America 42 0 0 0 0 0 0 49
South & Central America 15 0 0 0 0 0 0 27
UK & Ireland 18 0 0 0 0 0 0 32
 

Vote summary by issues: Columbia Threadneedle

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 9 0 0 0 0 0
Other 0 0 0 0 0 0
Board 88 2 5 0 0 0
Capital 9 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 0 0 0 0 0 0
Political Activity 0 0 0 0 0 0
Shareholder Rights 2 0 0 0 0 0
Remuneration 12 0 0 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 1 0 4 0 0 0
 

Vote summary by issues: Commodities Fund

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 4 2 13 0 0 0
Other 0 0 0 0 0 0
Board 116 1 32 0 0 0
Capital 8 0 2 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 8 0 0 0 0 0
Political Activity 0 0 1 0 0 0
Shareholder Rights 7 0 1 0 0 0
Remuneration 7 2 15 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 4 0 1 0 0 0
 

Vote summary by issues: HSBC

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 15 0 2 0 0 0
Other 0 0 3 0 0 0
Board 112 2 7 0 2 0
Capital 9 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 3 0 0 0 0 0
Political Activity 1 0 0 0 0 0
Shareholder Rights 9 0 0 0 0 0
Remuneration 10 0 13 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 9 0 3 0 0 0
 

Vote summary by issues: LGIM FTSE

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 39 0 2 0 0 0
Other 0 0 3 0 0 0
Board 86 0 26 0 0 0
Capital 38 0 6 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 5 0 1 0 0 0
Political Activity 2 0 0 0 0 0
Shareholder Rights 34 0 4 0 0 0
Remuneration 21 0 9 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 1 0 0 0 0 0
 

Vote summary by issues: NTAM

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 0 0 0 0
Other 0 0 0 0 0 0
Board 0 0 0 0 0 0
Capital 2 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 3 0 0 0 0 0
Political Activity 0 0 0 0 0 0
Shareholder Rights 1 0 0 0 0 0
Remuneration 0 0 0 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 0 0 0 0 0 0
 

Vote summary by issues: UBS

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 3 0 0 0
Other 0 0 0 0 0 0
Board 26 0 11 0 0 0
Capital 0 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 2 0 0 0 0 0
Political Activity 0 0 1 0 0 0
Shareholder Rights 0 0 1 0 0 0
Remuneration 2 0 3 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 4 0 1 0 0 0
 

Votes against management - by region

Region Resolutions
Asia & Oceania : Developed 3
Asia & Oceania : Emerging 4
Europe : Developed 61
Japan 17
North America 58
South & Central America 5
UK & Ireland 5
 

Votes withheld by manager

Company Event Date Res Num SH Res Resolution Columbia Threadneedle Commodities Fund HSBC LGIM FTSE NTAM UBS
Azrieli Group Ltd AGM 01-Jan-24 1.01 - To re-elect as a director, Danna Azrieli Against
Azrieli Group Ltd AGM 01-Jan-24 1.04 - To re-elect as a director, Menachem Einan Against
Azrieli Group Ltd AGM 01-Jan-24 1.06 - To re-elect as a director, Ariel Kor Against
Azrieli Group Ltd AGM 01-Jan-24 2 - To re-appoint Deloitte Brightman, Almagor, Zohar & Co as auditors and to authorise the directors to determine their remuneration Against
Commercial Metals Co AGM 10-Jan-24 1.03 - To re-elect as a director, Barbara Smith Against
Commercial Metals Co AGM 10-Jan-24 2 - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Visa Inc AGM 23-Jan-24 1f - To re-elect as a director, John Lundgren Against
Visa Inc AGM 23-Jan-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Visa Inc AGM 23-Jan-24 6 Y To request that the Board adopt a policy to seek shareholder ratification of certain termination pay arrangements For
Sekisui House REIT Inc EGM 24-Jan-24 2 - To elect as a director, Atsuhiro Kida Against
Montea NV/SA EGM 25-Jan-24 1b - To approve a general authority to the directors to issue shares and to make consequential amendments to the Articles of Association Against
Montea NV/SA EGM 25-Jan-24 2 - To delegate powers to the Board to effect the resolutions adopted by the meeting Against
Hormel Foods Corp AGM 30-Jan-24 1a - To re-elect as a director, Prama Bhatt Against Against
Hormel Foods Corp AGM 30-Jan-24 1b - To re-elect as a director, Gary Bhojwani Against Against
Hormel Foods Corp AGM 30-Jan-24 1h - To re-elect as a director, Sally Smith Against Against
Hormel Foods Corp AGM 30-Jan-24 1i - To re-elect as a director, James Snee Against Against
Hormel Foods Corp AGM 30-Jan-24 2 - To approve the amendment to the Certificate of Incorporation relating to the exculpation of officers as permitted by Delaware law Against Against
Hormel Foods Corp AGM 30-Jan-24 3 - To ratify the appointment of Ernst & Young LLP as auditors Against Against
Accenture plc AGM 31-Jan-24 2 - To approve, by way of an advisory vote, the remuneration for the names executive officers Against
Accenture plc AGM 31-Jan-24 3 - To approve the Amended and Restated 2010 Share Incentive Plan Against
Ascencio SCA AGM 31-Jan-24 7 - To adopt the remuneration report Against
Nufarm Ltd AGM 01-Feb-24 2 - To adopt the remuneration report Against
Nufarm Ltd AGM 01-Feb-24 4a - To approve a grant of Performance Rights to FY22 Against
Nufarm Ltd AGM 01-Feb-24 4b - To approve a grant of Performance Rights to FY23 Against
Pioneer Natural Resources Corp SGM 07-Feb-24 2 - To approve the compensation that may be paid or become payable to the Company’s name executive officers that is based on or otherwise related to the merger Against Against
Tyson Foods Inc AGM 08-Feb-24 1a - To re-elect as a director, John H. Tyson Against Against
Tyson Foods Inc AGM 08-Feb-24 1i - To re-elect as a director, Kevin M. McNamara Against Against
Tyson Foods Inc AGM 08-Feb-24 2 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against Against
Tyson Foods Inc AGM 08-Feb-24 4 Y Shareholder Proposal Regarding the Company’s Labor Practices For For
Tyson Foods Inc AGM 08-Feb-24 5 Y Shareholder Proposal Regarding Deforestation-Free Supply Chains For For
Tyson Foods Inc AGM 08-Feb-24 6 Y Shareholder Proposal Regarding a Circular Economy for Packaging For For
Aurubis AG AGM 15-Feb-24 5 - To appoint as auditors, Deloitte GmbH Against
Aurubis AG AGM 15-Feb-24 6 - To approve the remuneration report Against
Irish Residential Properties REIT plc EGM 16-Feb-24 1d Y To remove as a director of the Company, Joan Garahy For
Irish Residential Properties REIT plc EGM 16-Feb-24 2c Y To elect as a director, Colm Lauder For
Xior Student Housing NV EGM 19-Feb-24 2.2a - To approve the capital increase Against
Helmerich & Payne Inc AGM 27-Feb-24 1d - To re-elect as a director, Randy A. Foutch Against
Helmerich & Payne Inc AGM 27-Feb-24 1e - To re-elect as a director, Hans Helmerich Against
Helmerich & Payne Inc AGM 27-Feb-24 1j - To re-elect as a director, Donald F. Robillard, Jr. Against
Helmerich & Payne Inc AGM 27-Feb-24 1k - To re-elect as a director, John D. Zeglis Against
Helmerich & Payne Inc AGM 27-Feb-24 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Helmerich & Payne Inc AGM 27-Feb-24 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Helmerich & Payne Inc AGM 27-Feb-24 4 - To adopt the Helmerich & Payne Inc 2024 Omnibus Incentive Plan Against
Apple Inc AGM 28-Feb-24 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Apple Inc AGM 28-Feb-24 5 Y To request the Board to prepare a report to shareholders on ensuring Respect for Civil Liberties For
Apple Inc AGM 28-Feb-24 6 Y To request the Board to prepare a report to shareholders on Racial and Gender Pay Gaps For For
Apple Inc AGM 28-Feb-24 7 Y To request the Board to prepare a report to shareholders on Use of AI For
Apple Inc AGM 28-Feb-24 8 Y To request the Board to prepare a report to shareholders on Privacy and Human Rights For
Deere & Co Inc AGM 28-Feb-24 1a - To re-elect as a director, Leanne Caret Against Against
Deere & Co Inc AGM 28-Feb-24 1c - To re-elect as a director, Alan Heuberger Against Against
Deere & Co Inc AGM 28-Feb-24 1f - To re-elect as a director, Clayton Jones Against Against
Deere & Co Inc AGM 28-Feb-24 1g - To re-elect as a director, John May Against Against
Deere & Co Inc AGM 28-Feb-24 1h - To re-elect as a director, Gregory Page Against Against
Deere & Co Inc AGM 28-Feb-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against Against
Deere & Co Inc AGM 28-Feb-24 3 - To ratify the appointment of Deloitte & Touche LLP as auditors Against Against
Deere & Co Inc AGM 28-Feb-24 4 Y To request a customer and company sustainability congruency report For For
Deere & Co Inc AGM 28-Feb-24 6 Y To request that the shareholder ratification of golden parachutes For For
Compass Minerals International Inc AGM 05-Mar-24 1a - To re-elect as a director, Edward Dowling Against
Compass Minerals International Inc AGM 05-Mar-24 1e - To re-elect as a director, Melissa Miller Against
Compass Minerals International Inc AGM 05-Mar-24 1f - To re-elect as a director, Joseph Reece Against
Compass Minerals International Inc AGM 05-Mar-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Compass Minerals International Inc AGM 05-Mar-24 3 - To adopt the 2020 Incentive Award Plan Against
Compass Minerals International Inc AGM 05-Mar-24 4 - To ratify the appointment of KPMG LLP as auditors Against
Qualcomm Inc AGM 05-Mar-24 1.06 - To re-elect as a director, Ann M. Livermore Withhold
Qualcomm Inc AGM 05-Mar-24 2 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against
Qualcomm Inc AGM 05-Mar-24 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Qualcomm Inc AGM 05-Mar-24 4 - To adopt the Amended and Restated QUALCOMM Incorporated 2023 Long-Term Incentive Plan Against
Novartis AG AGM 05-Mar-24 5.03 - To approve the advisory vote on the remuneration report for the year ended 31 December 2023 Against
Novartis AG AGM 05-Mar-24 6.04 - To re-elect as a director, Patrice Bula Against
Novartis AG AGM 05-Mar-24 7.01 - To appoint as a member of the Remuneration Committee, Patrice Bula Against
Novartis AG AGM 05-Mar-24 B - To conduct any other business Against
Orsted AS AGM 05-Mar-24 2 - To adopt the report & accounts for the year ended 31 December 2023 Against
Orsted AS AGM 05-Mar-24 3 - To approve the remuneration report Against
Orsted AS AGM 05-Mar-24 6.03 - To elect the deputy Chairman, Andrew Brown Abstain
Orsted AS AGM 05-Mar-24 8.01 - To re-appoint PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab as auditors Abstain
Orsted AS AGM 05-Mar-24 8.02 - To appoint PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab b to carry out the statutory assurance on the consolidated sustainability reporting Abstain
Applied Materials Inc AGM 07-Mar-24 1b - To re-elect as a director, Judy Bruner Against
Applied Materials Inc AGM 07-Mar-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Applied Materials Inc AGM 07-Mar-24 4 Y To request the Board to prepare a report to shareholders on lobbying For
Applied Materials Inc AGM 07-Mar-24 5 Y To request the Board to prepare a report to shareholders on pay equity reporting For
Starbucks Corp AGM 13-Mar-24 1e - To re-elect as a director, Jorgen Vig Knudstorp Withhold
Starbucks Corp AGM 13-Mar-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Starbucks Corp AGM 13-Mar-24 3 - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Starbucks Corp AGM 13-Mar-24 4 Y To request that the Board reports to shareholders on plant based milk pricing For
Safestore Holdings plc AGM 13-Mar-24 8 - To re-elect as a director, Jane Bentall Against
Kojamo Oyj AGM 14-Mar-24 10 - To approve the Remuneration Report for governing bodies Against
Kojamo Oyj AGM 14-Mar-24 11 - Review by the Chairman of the Board on the remuneration principles of the company and the annual general meeting's advisory approval of the Remuneration Policy Against
Kojamo Oyj AGM 14-Mar-24 14 - To elect the board of Directors Against
Meyer Burger Technology AG EGM 18-Mar-24 2 - To approve the increase of conditional capital and new version of Article 3c Against
Citycon Oyj AGM 19-Mar-24 10 - To adopt the remuneration report for the year ended 31 December 2023 Against
Citycon Oyj AGM 19-Mar-24 13 - To elect the board of Directors Against
Citycon Oyj AGM 19-Mar-24 17 - To allow the Company to make market purchases of its own shares Against
Swiss Prime Site AG AGM 19-Mar-24 2 - To approve the advisory vote on the remuneration report for the year ended 31 December 2023 Against
Swiss Prime Site AG AGM 19-Mar-24 5.02 - To approve the fixed and variable remuneration for the Executive Committee Against
Swiss Prime Site AG AGM 19-Mar-24 6.02 - To appoint as Chairman, Ton Buchner Against
Swiss Prime Site AG AGM 19-Mar-24 7 - To conduct any other business Against
ABB Ltd AGM 21-Mar-24 2 - To approve the advisory vote on the remuneration report for the year ended 31 December 2023 Against
ABB Ltd AGM 21-Mar-24 6.02 - To approve the fixed and variable remuneration for the Executive Committee Against
ABB Ltd AGM 21-Mar-24 7.10 - To elect as a director, Peter Voser Against
ABB Ltd AGM 21-Mar-24 11 - To conduct any other business Against
Novo Nordisk AS AGM 21-Mar-24 4 - To approve the Remuneration Report Against
Novo Nordisk AS AGM 21-Mar-24 5.03 - To approve the remuneration policy Against
Novo Nordisk AS AGM 21-Mar-24 6.02 - To re-elect as deputy chairman, Henrik Poulsen Abstain Abstain
Novo Nordisk AS AGM 21-Mar-24 6.03.04 - To re-elect as a director, Kasim Kutay Abstain Abstain
Argan SA AGM 21-Mar-24 6 - To approve the regulated agreements Against
Argan SA AGM 21-Mar-24 7 - To adopt the remuneration policy Against
Argan SA AGM 21-Mar-24 15 - To allow the Company to make market purchases of its own shares Against
Argan SA AGM 21-Mar-24 16 - To authorise the Board to grant share subscription or share purchase options for the employees and executives of the Group Against
Kubota Corp AGM 22-Mar-24 1.01 - To re-elect as a director, Yuichi Kitao Against Against
Kubota Corp AGM 22-Mar-24 1.02 - To re-elect as a director, Masato Yoshikawa Against
Kubota Corp AGM 22-Mar-24 1.07 - To re-elect as a director, Yuzuru Matsuda Against
Kubota Corp AGM 22-Mar-24 1.10 - To re-elect as a director, Koichi Kawana Against
Kubota Corp AGM 22-Mar-24 2.01 - To elect as a director of the Audit & Supervisory Board, Kazushi Ito Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 11.02 - To approve that the auditors fee be paid as per invoice Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 12.08 - To re-elect as a director, Barbara Thoralfsson Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 12.09 - To elect as a director, Helena Stjernholm Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 13 - To elect as Chairman, Helena Stjernholm Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 14 - To re-appoint as auditors, Ernst & Young AB Against
Svenska Cellulosa AB SCA AGM 22-Mar-24 15 - To approve the remuneration report Against
Inpex Corp AGM 26-Mar-24 2.01 - To re-elect as a director, Takayuki Ueda Against
Hulic Co Ltd AGM 26-Mar-24 3.03 - To elect as a director of the Audit & Supervisory Committee, Masao Aratani Against
Sika AG AGM 26-Mar-24 4.01.05 - To re-elect as a director, Monika Ribar Against
Sika AG AGM 26-Mar-24 4.04.01 - To appoint as a member of the Nomination and Compensation Committee, Justin M. Howell Against
Sika AG AGM 26-Mar-24 7 - To conduct any other business Against
Mobimo Holding AG AGM 26-Mar-24 4.01f - To re-elect as a director, Martha Scheiber Against
Mobimo Holding AG AGM 26-Mar-24 4.02b - To appoint as a member of the Remuneration Committee, Brian Fischer Against
Mobimo Holding AG AGM 26-Mar-24 8 - To conduct any other business Against
Callon Petroleum Co SGM 27-Mar-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Compañia de Minas Buenaventura SA AGM 27-Mar-24 1 - To adopt the annual report Against
Compañia de Minas Buenaventura SA AGM 27-Mar-24 2 - To adopt the financial statements Against
Compañia de Minas Buenaventura SA AGM 27-Mar-24 3 - To approve the remuneration to directors for 2023 Against
Compañia de Minas Buenaventura SA AGM 27-Mar-24 4 - To appoint the auditors Against
Compañia de Minas Buenaventura SA AGM 27-Mar-24 5 - To approve the distribution of dividends Against
Shimano Inc AGM 27-Mar-24 2.01 - To re-elect as a director, Yozo Shimano Against
Shimano Inc AGM 27-Mar-24 2.02 - To re-elect as a director, Taizo Shimano Against
Shimano Inc AGM 27-Mar-24 3 - To elect as a director of the Audit & Supervisory Committee, Masayoshi Yoshimoto Against
SamhAllsbyggnadsbolaget I Norden AB EGM 27-Mar-24 7 - To approve the issue of warrants in relation to the LTIP 2024 Against
Intershop Holding AG AGM 27-Mar-24 1.03 - To approve the advisory vote on the remuneration report for the year ended 31 December 2023 Against
Intershop Holding AG AGM 27-Mar-24 4.01.02 - To amend the Articles of Association in relation to Capital band Against
Intershop Holding AG AGM 27-Mar-24 5.01.02 - To elect as a director, Christoph Nater Against
Intershop Holding AG AGM 27-Mar-24 5.01.03 - To elect as a director, Gregor Bucher Against
Intershop Holding AG AGM 27-Mar-24 5.02 - To appoint as Chairman, Ernst Schaufelberger Against
Intershop Holding AG AGM 27-Mar-24 5.03.01 - To appoint as a member of the Compensation Committee, Ernst Schaufelberger Against
Intershop Holding AG AGM 27-Mar-24 5.03.02 - To appoint as a member of the Compensation Committee, Christoph Nater Against
Intershop Holding AG AGM 27-Mar-24 5.03.03 - To appoint as a member of the Compensation Committee, Gregor Bucher Against
Intershop Holding AG AGM 27-Mar-24 5.05 - To re-appoint as auditors, PricewaterhouseCoopers AG Against
Intershop Holding AG AGM 27-Mar-24 6 - To conduct any other business Against
Sumitomo Forestry Co Ltd AGM 28-Mar-24 2.01 - To re-elect as a director, Akira Ichikawa Against
Sumitomo Forestry Co Ltd AGM 28-Mar-24 2.02 - To re-elect as a director, Toshiro Mitsuyoshi Against
Sumitomo Forestry Co Ltd AGM 28-Mar-24 4 - To amend the remuneration received by members of the Board of Directors and Audit & Supervisory Board Against
SUMCO Corp AGM 28-Mar-24 1.01 - To re-elect as a director, Mayuki Hashimoto Against
SUMCO Corp AGM 28-Mar-24 2.01 - To elect as a Audit and Supervisory Committee member, Atsuro Fujii Against
SUMCO Corp AGM 28-Mar-24 2.02 - To elect as a Audit and Supervisory Committee member, Hitoshi Tanaka Against
 

Glossary

Definitions for all tables

Fund Names
BMO BMO Responsible Global Equity Fund.
HSBC HSBC Economic Scale Index Emerging Markets Equity Fund and HSBC Amanah Global Equity Index Fund.
LGIM FTSE LGIM FTSE EPRA/NAREIT Global Developed Index Fund
LGIM Global LGIM Global Real Estate Equity Index Fund.
NTIF Northern Trust Emerging Markets ESG Equity Index Fund.
UBS UBS Life World Equity Tracker Fund and UBS Life Climate Aware World Equity Fund.
Meeting Types
AGM Annual General Meeting: meeting normally required by law taking place on an annual basis.
Class Class Meeting: shareholders holding a class of share are required to make a decision binding on the company.
Court Court meeting: shareholders can either order an annual meeting or a special meeting.
EGM Extraordinary General Meeting: meeting is required to conduct business of an urgent or extra-ordinary nature. Such business may require a special quorum or approval level.
GM General Meeting: term often used interchangeably with the term EGM,OGM, SGM, depending on the term used by the company in question.
OGM Ordinary General Meeting: term often used interchangeably with the term EGM,GM, SGM, depending on the term used by the company in question.
SGM Special General Meeting: term often used interchangeably with the term EGM,GM, OGM, depending on the term used.
Other Items
SH Shareholder resolution, resolution proposed by shareholders for ratifying or requesting a specified action by a corporate board
Vote withheld Shareholder votes not supporting management recommendations.
Vote Types
Abstain Shareholder's vote not in favour or against the proposed resolution, but shareholder demonstrates lack of confidence towards the rationale behind the resolution.
Against Shareholder's vote against the resolution proposed.
For Shareholder's vote in favour of the resolution proposed.
Withhold For US- board resolutions, shareholder vote not in favour the board election.