2023 Stewardship Report
Creating Value Through ESG Integration
Approach
Model 1
Third-party ESG research firm
Model 2
Segregated internal ESG research team
ClearBridge Model
One team integrating ESG and fundamental research
Impact
Clarifying ESG Ratings
We engaged a California utility and an ESG ratings provider, clarifying and ultimately reversing an assessment that the utility was in violation of the UNGC principles.
Climate Change Risk Resilience
We engaged a U.K. water and waste services company to confirm its plans align with its regulator’s targets for environmental improvements in coastal and river waters.
Social Media Safety
We engaged a social media platform and digital advertiser to see measurable progress in addressing responsible online content issues and to assess its growing use of AI.
Protecting Mental Health
We engaged a France-based outsourced customer service company on the ethical treatment of its content moderation employees.
Shifting Strategic Priorities
An engagement with a Spanish wireless telecom company contributed to a shift in capital allocation and strategic priorities.
Board Oversight of ESG
ClearBridge’s voice as a top 20 owner of a managed care provider helped drive governance improvements such as establishing a corporate sustainability function.
Setting Science-Based Targets
As a top 10 owner, ClearBridge engaged a Tier 1 auto supplier on setting science-based emissions reduction targets.
Methane Intensity Reduction
We engaged a natural gas E&P company on its best-in-class methane intensity reduction efforts and its plans to invest in energy transition ventures.
Exploring Beneficial Reuse
Feedback from shareholders like ClearBridge has helped a commercial cleaning services company end outsourcing waste solvent disposal and allocate capital to beneficial reuse projects.
Building a Circular Economy
We engaged a footwear and apparel company on its development of regenerative systems that use waste as feedstock for new products, helping it reach carbon and waste goals.
Improving Disclosure
As a top 10 owner, we engaged a leading fragrance company on its disclosure and reduction of PFAS in its products.
Phasing Out PFAS
ClearBridge engaged a cosmetics and skin care company on how the EU’s expanded definition of PFAS might affect its commitment to phasing out PFAS in its products.
Governance
56%
Environmental
12%
ClearBridge 2022 Proxy Votes by Category
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