Sharper thinking on stewardship.

Most Significant Votes: Nissan Motor, Renault, Toyota Motor, SoftBank, NTT, Tokyo Electric Power, Nvidia, Dell Technologies, Volkswagen, Block.

This edition highlights significant shareholder votes, with a strong focus on Japan. Companies including Nissan Motor, Toyota Motor, SoftBank Group, NTT, Tokyo Electric Power, Nvidia, Dell Technologies, Volkswagen and Block faced notable investor scrutiny over board independence, executive pay, governance, climate strategy and capital allocation, revealing growing shareholder willingness to challenge management and demand stronger accountability.

Most Significant Votes: Alphabet, AirBnB, General Motors, Palantir, Thomson Reuters, Walmart, Shopify, Warner Bros Discovery, Comcast, Sixt, Nabors Ind., Krispy Kreme, Eisai, China Resources land

The article reviews June AGM voting results at major global companies, highlighting investor concerns over founder-controlled voting rights, excessive executive pay, AI governance, human rights, and board accountability. Significant shareholder opposition emerged at firms including Alphabet, Airbnb, Palantir, Warner Bros Discovery, and Comcast, reflecting growing pressure for stronger governance, fairer compensation practices, and greater transparency on social and technological risks.

Most Significant Votes: Exxon Mobil, Amazon, Meta, Chevron, Citigroup, Home Depot, Verizon, AIA Group, Chubb, NextEra Energy, Thermo Fisher, Société Générale, Lazard, STMicroelectronics, Exor

This issue highlights growing investor pressure on major companies including Amazon, Meta, Exxon Mobil, and Citigroup over climate action, executive pay, governance, and shareholder rights.

Most Significant Votes: Shell, Equinor, ConocoPhillips, Liberty Media, Southern Company, Intel, AtkinsRéalis, JCDecaux, Havas, Teleperformance, Rheinmetall, Loblaw, Swiss Life, Manulife, Swatch, Ford

Investors pushed back hard during this AGM season, opposing executive pay, weak governance, entrenched voting control, and climate inaction at companies including Shell, Ford, Swatch, Intel, and Vistry. Shareholder resolutions on sustainability, AI governance, and board independence also gained significant support.

Real talk on climate: what investors can actually influence

The new LSE report from Tom Gosling, Hans-Christoph Hirt and Fernanda Gimenes asks harder questions about what investors can genuinely influence on climate, and what limitations-aware engagement means for stewardship teams.

Most Significant Votes: Goldman Sachs, Warner Bros, Suncor Energy, NatWest, Beiersdorf, Smith & Nephew, IBM, L’Oréal, Aviva, Canadian Pacific, BofA, Ocado, Pfizer, Pearson

The second edition of Most Significant Votes reviews the standout shareholder rebellions and AGM flashpoints of the 2026 proxy season, with a focus on executive pay, climate strategy, governance disputes and investor activism at companies including Goldman Sachs, Warner Bros. Discovery, NatWest, IBM and L’Oréal.

Most Significant Votes: BP, Woodside Energy, RBC, BMO, CIBC, TD Bank, UBS, BNY Mellon, Mercedes-Benz, Lennar, Sonoco, Humana

We launch the 2026 Northern Hemisphere voting season, covering BP's climate clash, Woodside's pay revolt, BNY Mellon's $83.5m CEO pay, and Lennar's dual-class share structure protest.

Sustainable investing & AI: A conversation with Neil Brown

Neil Brown, newly appointed to Impactive's Advisory Board, shares insights from his career in sustainable investing and explains why AI should augment - not replace - human judgment in stewardship.

6 challenges, 10 recommendations: The IA's blueprint for better stewardship

The UK Investment Association's landmark report identifies six fundamental barriers holding back effective stewardship and proposes ten concrete recommendations for investors, asset owners, consultants, and regulators.

FRC confirms final 2020 signatories as industry transitions to the 2026 Stewardship Code

As the UK Stewardship Code moves from its 2020 framework to the 2026 regime, firms face a fundamental shift toward outcome-led, long-term stewardship reporting.

Turning stewardship from a cost centre to growth engine

Stewardship is no longer just about policies and reporting. Done well, it becomes a growth engine - building trust, confidence, and stronger client relationships.

Most Significant Votes: ANZ, NAB, Westpac, Dyno Nobel, Atlassian, Microsoft, Palo Alto Networks, African Rainbow Minerals, Anglo American

The final Most Significant Votes of 2025 covers ANZ's 33% vote against remuneration after a trading scandal, Westpac's 40% director vote, and Palo Alto Networks' remarkable 94% shareholder vote for annual board elections.

Most Significant Votes: Wisetech, The Reece Group, Ramsay Health Care, Oracle, News Corp, Novo Nordisk, Campbell's, Cracker Barrel

This fortnight's Most Significant Votes covers Wisetech's 49% pay revolt following its founder controversy, Oracle's pay backlash, Novo Nordisk's extraordinary boardroom coup, and a culture-war clash at Cracker Barrel.

How asset managers can unlock ROI and competitive advantage with purpose-built stewardship platforms

While building internal tools can seem practical, purpose-built engagement platforms offer far greater long-term value. They come ready with advanced analytics, automated reporting, and seamless integrations - capabilities that internal builds rarely match. With continuous updates and scalability built in, purpose-built solutions free teams to focus on strategy instead of software maintenance.

Most Significant Votes (w/e 21st November)

Shareholders voiced growing discontent this fortnight, with protests over pay, governance, and climate action across major AGMs. From Fox’s family-controlled board to Nine Entertainment’s pay reform and SGH’s dynastic rewards, investors pushed back. Climate plans at Sasol and Origin split opinion, while Coles faced ESG pressure. Even beauty giants Coty and Estée Lauder saw dissent - proof that shareholder scrutiny is sharper than ever.

Most Significant Votes - Tesla AGM special edition

Tesla’s AGM was far from routine. From Musk’s staggering $1 trillion incentive plan to major pushback on pay and governance, the vote delivered some of the most striking results of the year. Our special edition breaks down what really happened once insider stakes are removed, why key proposals nearly tipped, and what it all means for investors. Read the full blog to get the complete picture.

From engagement to impact: Applying the CFA Institute's guidance for listed-equity investors

How Impactive helps investors operationalise the CFA Institute's guidance on impact investing in listed equities - from Theory of Change to measurable outcomes.

Most Significant Votes (w/e 7th November)

James Hardie sees six management resolutions defeated - including three directors ousted - as shareholder fury over a controversial merger boils over. Plus Tesla, CSL, Woolworths, and more.

Leaked SFDR 2.0 draft signals a major overhaul of Europe's disclosure regime

The leaked SFDR 2.0 proposal points to an ESG shake-up: simplified templates, new product classes, and tougher standards for sustainability claims.

Most Significant Votes (w/e 24th October 2025)

The Southern Hemisphere voting season has kicked off with a dramatic start, as major shareholder revolts highlight growing scrutiny on climate strategies and executive pay. From AGL Energy’s bruising 41% rejection of its climate plan to strong opposition votes at APA Group and South32, investors are demanding clearer roadmaps for decarbonisation and stronger links between pay and performance. Meanwhile, notable tensions over remuneration surfaced at FedEx, Babcock International, and Rank Group,

Asset owners: 5 signs your stewardship programme needs better infrastructure

As stewardship programmes grow in scope and complexity, many asset owners are still relying on spreadsheets, email threads, and shared drives built for a simpler era. The result? Wasted time, missed follow-ups, and mounting reporting headaches. This article explores five signs your stewardship infrastructure is holding you back -and what modern, automated systems can enable instead.

Introducing Most Significant Votes: Revealing the signals behind shareholder dissent

Paul Lee's Most Significant Votes blog has found its new home at Impactive Tech. Learn about the series' methodology, what makes it unique, and what to expect in the coming voting season.

When alliances fold: What the end of NZBA means for climate finance and investor stewardship

The Net-Zero Banking Alliance has dissolved. What happens to climate accountability when voluntary alliances fail - and what does this mean for investor stewardship?

New product launch: Impactive Intelligence

We're delighted to announce the beta launch of Impactive Intelligence – a new AI-powered platform designed to bring clarity and structure to ESG engagement across the sustainable finance ecosystem.

Why Stewardship needs a system upgrade: A featured opinion by our CEO in Net Zero Investor

In her opinion piece for Net Zero Investor, our CEO Mais Callan makes a powerful case for rethinking the infrastructure behind stewardship, outlining how the current system must evolve into something smarter, scalable, and impact-focused.

The UK Stewardship Code 2026: Progress or a Step Back?

The FRC has unveiled the long-awaited update to the UK Stewardship Code, sparking lively debate. While the revisions address long-standing criticisms around reporting burden and clarity, some observers worry that environmental and social responsibility has been diluted in the process.

Chains of Influence: Impactive Tech interviewed in global engagement research report

Impactive Tech was the only stewardship technology provider interviewed for the landmark Chains of Influence report, which analyses how power dynamics between asset owners, managers, and companies shape ESG engagement across 12 countries.

A quick guide to investment stewardship

Investment stewardship has evolved into a critical function for asset managers. This guide covers its key components, regulatory frameworks, best practices, and the role of technology.

SEC's new guidance on stewardship: A game-changer for US investor engagement?

The US Securities and Exchange Commission has shaken up the landscape of shareholder engagement with its new interpretive guidance announced on February 11, 2025, with far-reaching implications for institutional investors involved in ESG activities.

Balancing growth and net-zero goals in infrastructure

The UK government's renewed support for a third runway at Heathrow Airport has reignited debate over the balance between economic growth and environmental commitments. Heathrow's expansion serves as a case study for how investors can engage with high-carbon industries to align with net-zero targets.

The UK government's vision for AI: What it means for responsible investors

The UK government's AI Action Plan aims to drive economic growth, enhance public services, and shape the AI workforce. With a light regulatory approach, investor engagement is key to ensuring ethical AI adoption and responsible governance.

How technology is transforming stewardship: Impactive featured in ESG Investor

Investment stewardship is evolving rapidly, driven by advancements in technology and AI. In a recent ESG Investor article, Mais Callan, Co-founder of Impactive, shared insights into how asset managers are leveraging innovative tools to enhance the efficiency and impact of their engagement and voting activities.

Time to get the UK Stewardship Code right

The Financial Reporting Council has launched a consultation on proposed updates to the UK Stewardship Code, representing an important step in adapting the Code to align with evolving investment practices and societal priorities.

Mais Callan talks with Quietroom about tech's role in stewardship oversight

Stewardship is evolving, and asset owners today face an increasingly complex landscape requiring more oversight, data, and transparency than ever before. In a Quietroom webinar, Mais Callan explored how digital tools can make stewardship more efficient, transparent, and impactful.

UK Stewardship Code: 5 New Changes for Signatories

The UK's Financial Reporting Council has announced several crucial updates to the UK Stewardship Code that aim to reduce reporting burdens for signatories while enhancing the Code's effectiveness. After consultations with over 1,500 stakeholders, the FRC identified five priority areas for improvement.

Nawar Alsaadi joins Impactive's Advisory Board

We are thrilled to announce the addition of Nawar Alsaadi to Impactive Tech as a new advisory board member, providing strategic guidance for our growth plan. Nawar is renowned for his thought leadership in sustainable investing and brings extensive experience in stewardship and ESG startups.

On-demand webinar: How to meet stewardship expectations in the UK SDR and beyond

Watch our on-demand webinar where experts from Premier Miton Investors, Alpha FMC, and Impactive Tech guide you through developing robust stewardship strategies that align with the UK SDR's requirements.

One highly effective way asset managers can win the trust and loyalty of asset owners in stewardship

As stewardship becomes table stakes, asset managers who offer clients access to their underlying engagement data can genuinely differentiate - and build deeper trust with asset owners.

The SDR regulation and what it means for investors in the UK

The Sustainability Disclosure Requirements regulation introduced by the UK's Financial Conduct Authority is a landmark policy intended to drive decision-useful information on sustainability and promote consistent disclosure. It introduces sustainability labels, enhanced disclosures, and anti-greenwashing rules.

Watch Webinar - Investors: Building Efficient ESG Reporting Strategies

Asset managers and asset owners in the UK are grappling with a complex landscape of ESG reporting requirements. Four experts share their insights and strategies in this on-demand webinar.

7 essential reasons asset managers should be tracking ESG engagements in 2024

ESG factors have become integral considerations for asset managers. Here are seven compelling reasons why formally tracking ESG engagements needs to be a 2024 priority.

TCFD-aligned reporting and the role of investor engagement

How the TCFD framework drives transparency in UK investment, why investor engagement is key to holding companies accountable for climate action, and how technology can help.

It's time for practical solutions in sustainable finance: In conversation with Justin Kew

Justin Kew, who has led ESG roles at Fidelity International, Carmignac, and a global hedge fund, shares his career journey and what the investment industry needs to prioritise for meaningful change.

The Power of SaaS for Stewardship Management

As investment stewardship is further embedded in regulations and client expectations, effective systems to manage, track, and report these activities are crucial. This blog highlights why SaaS is an ideal choice for integrated stewardship management.

Asset manager-owner alignment and transparency are key to unlocking effective stewardship: In conversation with Samantha Chew

We spoke with Samantha Chew, Stewardship Lead at Aegon UK, delving into her career journey and gaining insights into the challenges asset owners face. The conversation explores opportunities for more effective stewardship oversight through better collaboration with asset managers.

What is engagement washing...and how to avoid it

Engagement washing is a concerning trend where firms exaggerate the level or impact of their ESG interactions with holding companies. This article offers seven helpful tips for asset managers and owners to navigate engagement washing.

Investors lack agility because the IT landscape isn't in the right shape: In conversation with Simon Callan

We chat with Simon Callan, CTO at Impactive, about his passion for technology, what brought him into the ESG investment world, and his observations about the challenges asset managers face in the tech space.

Where stewardship goes next - and what to do about it.