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 is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.
The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.
The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.
This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.