The SBI Climate Roadmap was adopted in May 2024. The key initiatives it outlines include investing significant capital in Energy Transition Solutions investments, expanding our proxy voting power, and enhancing direct company engagement efforts. The Board approved the SBI Climate Roadmap along with adopting a resolution to add to the SBI Investment Beliefs:
“As long-term institutional investors, our fiduciary duty requires us to consider all material risks and opportunities.”
We recognize that this is a complex and evolving subject. As long-term investors, we will continually evaluate our approach and adapt as necessary.
The Board recognizes its fiduciary responsibility to cast votes on proxy issues. Except for the shares held by the international managers, the SBI does not delegate the duty to its external investment managers. Rather, the SBI actively votes all shares in accordance with the Proxy Voting Guidelines approved by the Board and reviewed its Proxy Committee.
The SBI became a PRI signatory in 2019 and is required to report on its responsible investment activities. Public transparency reports for all signatories are available on the PRI's website.
Public signatory reports | Signatories | PRI (unpri.org)
A copy of the SBI's most recent transparency report and senior leadership statement can be found below. The PRI reporting process plays a key role in the SBI's stewardship strategy and ESG integration process.