We pursue an engagement strategy that builds on active shareholder action and shareholder dialogue to influence corporate policy. Our goal is to achieve a sustainable increase in the value of the assets entrusted to us.

Responsible investing has always been at the core of the Union Investment Group's business model. We are convinced that our stance on social, environmental and corporate governance issues can make our investors more aware of overarching social objectives.

With this in mind, we follow a number of guidelines in our activities:

Union Investment sees itself as a responsible, active shareholder. The focus is always on the interests of investors. Our voting behaviour is based on Union Investment's current proxy voting policy.

In order to fully meet our standards as a responsible investor, we use our own research as well as the research and recommendations of voting advisor IVOX Glass Lewis for our votes.

Constructive corporate dialogue is at the heart of our role as an active shareholder. We accompany companies over the long term and provide important impetus through company visits, speaking engagements and voting behaviour at general meetings.

While the Proxy Voting Policy provides a framework for voting behaviour, the Engagement Policy provides a guideline for direct company dialogue within the framework of engagement activities, from which we only deviate in justified individual cases.