Press Release of 22 February 2021
OFI Asset Management and PROXINVEST forge closer ties to exercise voting rights on a global scale
OFI AM has decided to supplement the labelling strategy established for its SRI funds and build on its commitment to exercise its voting rights by including all the international stocks held in its portfolio from now on (in addition to its European stocks, which were already covered).
OFI AM has thus turned to PROXINVEST, Europe’s leading independent voting or ‘proxy’ advisory agency, with which it has worked since 2000. It has asked it to incorporate this broader scope into the way its voting policy is defined and applied, while factoring in the specific domestic rules in force in each of the countries in which OFI AM is invested worldwide.
PROXINVEST will offer its advice and assistance across the whole decision-making and operational chain under OFI AM’s control. Thanks to the procedures in place, it will also have all the information it needs to prepare comprehensive reports on the voting rights exercised on behalf of its investor clients.
This partnership aspires to promote ESG best practices by combining the best of two renowned players in their respective fields: OFI AM, a pioneering and leading advocate of responsible investment; and PROXINVEST, Europe’s leading voting advisory agency.
PROXINVEST has for the past 25 years been France’s only voting or ‘proxy’ advisory agency specialising in matters relating to general meetings, corporate governance and shareholder engagement. It aspires to become Europe’s leading agency on governance-related issues.