Capital at risk
Investment Stewardship Activities Report
In line with the UK Stewardship Code 2026 (the Code),
this report outlines our key stewardship activities and
outcomes from 2025. It should be read alongside Our
Stewardship Principles and Guidelines, which sets out our
approach and serves as our policy and context disclosure
under the Code.
Our principles
Our stewardship approach is guided by clear principles rather than prescriptive policies. This supports
informed, proportionate engagement with holdings in our clients’ best interests. It also enables our
investment teams to exercise judgment to act in line with each company's individual circumstances and
long-term prospects.
Explore the report
The report is divided into sections that can be read together or explored individually. Use the links below to
explore each one.
Welcome
At Baillie Gifford, stewardship means being thoughtful, active and responsible investors on behalf of our clients.
Stewardship in action
See how our principles are applied across regions.
Proxy voting
Voting is a core part of our role as responsible stewards of our clients’ capital.
Engagements
We engage actively with holdings on clients' behalf, using that dialogue as an important input into our investment research.
Promoting well-functioning markets
We take market-wide and systemic risks into account in stewardship decisions, in line with clients' expectations.
Our year in stewardship
This report brings together our stewardship activity during 2025. It provides an overview of our proxy voting and engagement activity on behalf of clients, alongside updates on areas such as escalated engagements, conflicts of interest and our engagement with third‑party service providers. It sets out the activity in more detail, guided by our stewardship principles and the requirements of the UK Stewardship Code.
Previous reports
Important information
Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) and holds Foreign Australian Financial Services Licence No 528911. The information in this area is provided to you on the basis that you are a “wholesale client” within the meaning of section 761G of the Corporations Act 2001 (Cth) (“Corporations Act”). Please advise Baillie Gifford Overseas Limited immediately if you are not a wholesale client. In no circumstances should the information in this area be made available to “retail clients” as defined by the Corporations Act.
The information in this area contains general information only. It does not take into account any person’s objectives, financial situation or needs.
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