Proxy Voting

SUSTAINABLE INVESTING

Proxy Voting

Engagement through encouragement, non-governmental organization (NGO) collaboration and proxy voting.

By deploying an active voting and engagement policy which supports NGO initiatives and communities, the UNJSPF can more effectively stimulate positive sustainable impact and change that is consistent with our mission. The Fund believes in an effective and productive dialogue with company management in order to affect corporate behavior and advocate for better action and outcomes. This encouragement and engagement policy does not mean that the Fund may never reach the conclusion to divest; however such decisions would be based on a holistic approach. This approach can take time and presents unique challenges, but given experience OIM believes that it is more effective in the long term.

On matters of corporate governance, executive compensation, and corporate board structure, our sustainability policy guidelines are based on a commitment to create and preserve economic value and advance principles of responsible corporate governance.

The UNJSPF adheres to sustainable investment proxy voting guidelines in partnership with Institutional Shareholder Services (ISS). The customized proxy voting guidelines are tailored to the Fund’s mission and commitment set forth in the Investment Policy Statement (IPS), and are consistent with the objectives of sustainability-minded investors and fiduciaries.

On matters of relevant ESG proxy voting, the ISS Sustainability Policy seeks to promote sustainable business practices and stewardship that advocates for improving the environment, fair labor practices, non-discrimination, and the protection of human rights. Generally, the ISS Sustainability Policy references internationally recognized sustainability-related initiatives such as the United Nations Environment Programme Finance Initiative (UNEP FI), Principles for Responsible Investment (PRI), United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), Carbon Principles, International Labour Organization Conventions (ILO), CERES Principles, Global Sullivan Principles, MacBride Principles, and environmental and social European Union Directives as a frame of reference. Each of these efforts promote a fair, unified and productive reporting and compliance environment. They advance positive corporate ESG contributions, while promoting practices that present new opportunities or that mitigate financial and reputational risks.

Proxy Voting Guidelines

United States:
https://www.issgovernance.com/file/policy/active/specialty/Sustainability-US-Voting-Guidelines.pdf

International:
https://www.issgovernance.com/file/policy/active/specialty/Public-Fund-International-Voting-Guidelines.pdf

Guiding Principles

United Nations Environment Programme Finance Initiative (UNEP FI)
http://www.unepfi.org/

Principles for Responsible Investment (PRI)
https://www.unpri.org/

United Nations Global Compact (UNGC)
https://www.unglobalcompact.org/

Global Reporting Initiative (GRI)
https://www.globalreporting.org/Pages/default.aspx

International Labour Organization Conventions (ILO)
http://www.ilo.org/global/lang–en/index.htm

CERES Principles
https://www.ceres.org/