Responsible Investing

L1 Group takes our responsibilities to all our stakeholders – our investors, employees, shareholders and communities – seriously. To support this, we strive to deliver robust corporate governance, transparency and social and environmental awareness. L1 Group is committed to providing best-in-class investment products that deliver exceptional risk-adjusted returns for our investors. We believe an understanding of environment social and governance (ESG) issues can help increase long-term returns and better manage risk in our portfolios.

Each investment team in the L1 Group has the discretion and independence to manage assets according to their own investment philosophies and processes. However, we have a common commitment to integrating RI, active ownership and corporate sustainability into the L1 Group’s equities Strategies.

The objective of these efforts is to provide a long-term boost to the performance for our portfolios. Given the potential implications that ESG issues have on companies’ capital allocation, operating costs, business risks and, therefore, fair value, we believe we can achieve this objective through cultivating an understanding of material ESG risks and opportunities as we perform our investment research. We do not set ESG objectives that target specific ESG outcomes.

For further information, please see the L1 Group Responsible Investment Charter.

Companies are facing a wide range of issues from an ESG perspective as the regulation and policy settings surrounding these issues continue to evolve. Although L1 Group has no predetermined view about what it regards to be an ESG consideration, some of the material ESG issues we may consider are outlined in this table.

Proxy voting is a key stewardship tool available to fund managers. As per our proxy voting policy, which is contained with the L1 Group Responsible Investment Charter, Platinum views it as an important responsibility we carry out on behalf of and in the best interests of our clients.

The following charts provide a summary of Platinum’s proxy voting activity for the period from 1 July 2024 to 30 June 2025.

The categories most voted on include board related matters, audit/financials, compensation, capital management, and changes to company statutes.

To reference the charts:

‘Take No Action’ refers to a deliberate decision by Platinum not to vote.

‘1 year’ refers to proposals to extend term lengths or establish term limits for Board of Directors where shareholders had to choose the voting instructions as ‘1 year’, ‘2 years’, ‘3 years’ rather than ‘For’ or ‘Against’.

‘Unvoted” includes where Platinum did not vote due to not meeting the deadline for voting.

‘N/A’ refers to proposals which Platinum was not allowed to vote on.

This information is sourced from our proxy advisor, Glass Lewis’ Viewpoint platform.

To ensure transparency of our voting activity, a detailed breakdown of our proxy votes conducted during the period 1 July 2024 to 30 June 2025 can be found here.

Management Proposals – Votes Cast

Shareholder Proposals – Votes Cast

Management Proposals – Votes versus Management

Shareholder Proposals – Votes versus Management