I am a shareholder in the Schroder REIT (SREI) and have therefore received the notice of a General Meeting to revised the investment policy of the company.
Their proposal is mainly focussed on a new emphasis on “sustainability” for their property investments. The manager will be required to focus on an ESG scorecard in future and the board believes this will make the company more attractive to investors.
At least that seems to be the gist of their argument for change to the investment policy. But it will complicate the investment policy very considerably.
I will be voting against the change as I consider it an unnecessary complication and to focus on one aspect of investment policy alone is wrong. I suggest other shareholders should do the same.
Roger Lawson (Twitter https://twitter.com/RogerWLawson )
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