Shareholder Engagement Statement

The Shareholder Rights Directive II is a European Union directive. It aims to:

  • promote greater shareholder engagement; and
  • improve transparency in the ownership of companies.

The requirements arising from this directive with respect to shareholder engagement were copied into UK regulation.
We use multiple investment managers to manage our assets. The managers engage with the companies in which they invest on our behalf. This includes voting in accordance with their fiduciary responsibilities.
Our investment managers have all signed up to the United Nations sponsored ‘Principles for Responsible Investment’. This means they are committed to:

  • Incorporating Environmental, Social and Governance issues into their investment analysis and decision-making processes.
  • Being an active owner and incorporating Environmental, Social and Governance issues into ownership policies and processes.
  • Seeking disclosure on Environmental, Social and Governance issues for the companies invested in.
  • Promoting acceptance and implementation of the principles within the investment industry.
  • Working to enhance the effectiveness of implementation of the principles.
  • Reporting on activities and progress towards implementation of the principles.

Our investment managers’ websites include ‘Sustainability’ and ‘Stewardship’ reports. These reports comment on their recent activities including their voting record and are updated at least annually.  These reports and other useful information can be found via the links below:

Sun Life Assurance Company of Canada sold SLF of Canada UK Limited and its subsidiaries, including Sun Life Assurance Company of Canada (U.K.) Limited, to Phoenix Group Holdings plc on 3 April 2023. Our approach to shareholder engagement is now incorporated in Phoenix Group’s approach to integrating environmental, social and governance considerations, which you can find here.