Engagements in focus

NOBLE

Noble provides offshore drilling services for oil and gas exploration and production companies. We met with Noble’s sustainability team this quarter to learn how the company is considering ESG issues within the business.

VOLKSWAGEN

We have long held Volkswagen in the portfolio and have engaged with the company over many years. We continued this dialogue during 2023, meeting with the investor relations team to address our concerns about governance and Volkswagen’s supply chain.

ARCELORMITTAL

We are long-term investors in ArcelorMittal, a global leader in steel production, and have engaged with the company for many years, both collaboratively (as co-lead investor of the Climate Action 100+ initiative working group) and independently. We met the company twice this quarter, to discuss ESG progress, health and safety, and the energy transition.