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    Engagement

    Engagement is an important part of the day job for all of our analysts as it contributes essential insights to our bottom-up assessment of company quality.

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    Our strategies

    Since the launch of Stewart Investors first investment strategy in 1988, sustainable investment has always been an integral part of our investment philosophy and stock-picking process. At the heart of this philosophy is the principle of stewardship.

  • Insights
    • Trip report: Is Indonesia still ‘at a crossroads’? 20 August 2025
    • Stewart Investors Annual Review 2024 01 July 2025
    • Quarterly Client Update - Q2 2025 30 June 2025
    • Emerging market leaders: forged through adversity 23 June 2025
    • Investing in healthcare: understanding practices and disclosures on animal testing 20 June 2025
    • Trip report: Taiwan in transformation – the power of adaptability 04 June 2025
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    Japan: companies navigating demographic shifts

    In our recent trip to Japan, we reflect on how companies like Monotaro and Anest Iwata are well-positioned to thrive despite demographic challenges.

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    In addition to collaborative engagements, we support a wide range of organisations, initiatives and industry bodies that contribute to the development of industry standards and improve best practice.

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  • Stewart Investors Annual Review 2024

    We invite you to explore our review of Stewart Investors’ investment activities in 2024.

    01 July 2025
    Image for: Stewart Investors Annual Review 2024
  • Trip report: Is Indonesia still ‘at a crossroads’?

    Indonesia is young, growing and boasts a wealth of natural resources. Yet it remains unclear what road its development will take. To better understand the opportunities, Stewart Investors paid it a visit.

    20 August 2025
    Image for: Trip report: Is Indonesia still ‘at a crossroads’?
  • Quarterly Client Update - Q2 2025

    Find out the latest updates on the strategies we manage including significant portfolio changes and proxy voting.

    30 June 2025
    Image for: Quarterly Client Update - Q2 2025
  • Emerging market leaders: forged through adversity

    Why high-quality companies in emerging markets may have valuable lessons about resilience to teach their peers in developed markets.

    23 June 2025
    Image for: Emerging market leaders: forged through adversity
  • Investing in healthcare: understanding practices and disclosures on animal testing

    Findings from our research tender indicate that getting clear answers on animal testing can be challenging, our investor guide highlights priorities for future engagement.

    20 June 2025
    Image for: Investing in healthcare: understanding practices and disclosures on animal testing
  • Trip report: Taiwan in transformation – the power of adaptability

    There’s never a bad time to visit Taiwan: it is beautiful, friendly and efficient.

    04 June 2025
    Image for: Trip report: Taiwan in transformation – the power of adaptability
  • Business built on trust: India

    When we invest on behalf of our clients, who entrust us with their savings, we strive to embody both qualities. These qualities also guide our analysis of companies and their management teams.  

    28 April 2025
    Image for: Business built on trust: India
  • Indian Subcontinent All Cap Strategy: Update

    Analyst and Senior Portfolio Manager Sashi Reddy provides an update on the Indian Subcontinent All Cap Strategy.

    18 March 2025
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  • Asia Pacific Leaders: Thoughts

    Analyst and Senior Portfolio Manager David Gait gives his thoughts on the Asia Pacific Leaders strategy highlighting investment ideas and portfolio activity.

    15 March 2025
    Image for: Asia Pacific Leaders: Thoughts
  • Asia Pacific All Cap: Thoughts

    Analyst and Senior Portfolio Manager David Gait gives his thoughts on the Asia Pacific All Cap strategy highlighting investment ideas and portfolio activity.

    15 March 2025
    Image for: Asia Pacific All Cap: Thoughts
  • How we select companies

    We are frequently asked how we narrow down a universe of 15,000 Asian and emerging market companies to about 50 in our portfolio. This question is especially relevant now that we invest globally, expanding our universe to 65,000 companies, making the challenge even greater.

    28 February 2025
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  • Good Old-Fashioned

    Due to its consistent focus on the future, "old-fashioned" investing has stood the test of time.

    17 February 2025
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  • China is not one thing

    Investment Analyst Tyler Thomas reflects on his trip to China and the companies he met with.

    07 February 2025
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  • Innovation, Italian Style

    Despite Italy's challenging macroeconomic indicators, such as political instability and low fertility rates, the country remains a hub of innovation and dynamic businesses.

    04 February 2025
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  • Japan: companies navigating demographic shifts

    In our recent trip to Japan, we reflect on how companies like Monotaro and Anest Iwata are well-positioned to thrive despite demographic challenges.

    06 December 2024
    Image for: Japan: companies navigating demographic shifts
  • Responsible Investment Leader 2024

    Stewart Investors has been recognised as a Responsible Investment Leader 2024 by the Responsible Investment Association Australasia (RIAA).

    28 November 2024
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  • From Sweden, With Love

    Our trip to Stockholm in September reaffirmed our conviction in the treasures Sweden offers to the world – ideas, products, and people.

    19 November 2024
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  • Biodiversity and our approach to it

    Biodiversity is the term commonly used to refer to the variety of living species on Earth, including plants, animals, bacteria and fungi. It is not a marketable good or product, nor a service; it is the living web that connects the tangible and intangible elements of healthy ecosystems.

    29 October 2024
    Image for: Biodiversity and our approach to it
  • The dangers of a short-term view

    Stewart Investors focus on long-term investments in high-quality companies for sustainable growth. Short-term market fluctuations are less informative than long-term trends, as shown by Infineon's performance.

    29 October 2024
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  • Biodiversity and how we select companies

    Our investment approach favours companies that provide products and services that meet basic needs, solve difficult problems and seek to do more with less. A result of our investment philosophy means that we avoid companies that have a significant negative impact on the natural environment.

    29 October 2024
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  • Thinking circular: Circular economy best practice in the industrial goods sector

    Humanity is using nature 1.7 times faster than Earth’s biocapacity can regenerate. This is clearly unsustainable. We need to take urgent action to evolve our economic system from linear to circular.

    26 September 2024
    Image for: Thinking circular: Circular economy best practice in the industrial goods sector
  • Client letter: Why change a name?

    We have decided to remove the word ‘Sustainability’ from the Stewart Investors fund names. Why? Three and a half slow-burning thoughts have combined to make it the right time.

    23 September 2024
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  • Realising the potential of Access to Diagnostics

    Access to affordable diagnostics is crucial for healthcare, but it's a challenge in poorer countries. The Access to Medicines Foundation incentivises diagnostic companies and Stewart Investors partners with them to analyse investments.

    06 September 2024
    Image for: Realising the potential of Access to Diagnostics
  • Biodiversity and the importance of stewardship

    Like many other environmental and social risks, biodiversity risks and impacts can be hard to assess as they are either hidden from the outside or occur deep in company supply chains.

    04 September 2024
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  • India: There is order in chaos

    The political chaos and the steady news flow emanating from India’s sensationalist media is often perceived as a risk. We disagree. It is no different to what we see in any other democratic society.

    28 August 2024
    Image for: India: There is order in chaos
  • Access to Generics - improving outcomes for people and investors

    Access to Medicines Index promotes best practices, accelerates uptake by pharma companies, raises standards, and improves medicine access. We rely on this index to assess companies' approach to this critical issue.

    27 August 2024
    Image for: Access to Generics - improving outcomes for people and investors
  • Why investors should care about Access to Medicines

    Access to medicines latest research on Access to Generics is an important tool to help build a picture of areas where generics companies can continue improving and where investors can focus their engagement to drive better health and business outcomes, raising the bar for what affordable and accessible medicine means worldwide.

    20 August 2024
    Image for: Why investors should care about Access to Medicines
  • Uncovering quality in China through bottom-up stock picking

    Over the last twelve months, our Asia and Global Emerging Markets portfolios have been increasing their exposure to Chinese equities. As bottom-up stockpickers, we have become more optimistic about the potential returns from owning what we believe to be some of China’s best businesses at very reasonable valuations.

    19 August 2024
    Image for: Uncovering quality in China through bottom-up stock picking
  • Biodiversity Q&A

    In this piece we answer some of the frequently asked questions about biodiversity and our approach.

    15 August 2024
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  • Am I invested in AI?

    Unveiling the AI investment phenomenon: Exploring the market euphoria

    14 August 2024
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  • Finding gems in Ohio

    In Ohio, the blend of hard work, good business sense, independent thinking and the ability to take risks when appropriate, has delivered a group of companies that are well worth stopping for.

    16 July 2024
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  • Diversity and inclusion – an update on progress

    Diversity is an integral part of sustainable development and has always been important to us as investors, employers and as members of society.

    16 July 2024
    Image for:  Diversity and inclusion – an update on progress
  • Fifteen years in emerging markets

    Portfolio Manager Jack Nelson reflects on fifteen years investing in emerging markets.

    13 June 2024
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  • Conflict Minerals – the power of collaborative engagement

    An update on our collaborative engagement on conflict minerals in the semiconductor supply chain and the Responsible Minerals Initiative Investor Network.

    22 April 2024
    Image for: Conflict Minerals – the power of collaborative engagement
  • A + I equals more than NVDA

    OpenAI released GPT-4, the sophisticated Large Language Model (LLM) behind ChatGPT, one year ago. Over that year, Artificial Intelligence (AI) has never been out of the news and the market cap of US tech stocks has risen by 50%

    27 March 2024
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  • A collaborative approach to engagement: Tackling Plastic Waste in India

    Every year we produce around 400 million tonnes of plastic waste worldwide. Of the seven billion tonnes of waste amassed to date, less than 10% of this has been recycled. The remaining 90% is buried in landfills, makes its way overseas to be burnt, or is lost into the environment where it can live for up to 400 years.

    18 May 2023
    Image for: A collaborative approach to engagement: Tackling Plastic Waste in India
  • Beyond Due Diligence: A multi-stakeholder approach to responsible mineral sourcing

    An insight into our collaborative engagement on conflict minerals in the semiconductor supply chain.

    20 April 2023
    Image for: Beyond Due Diligence: A multi-stakeholder approach to responsible mineral sourcing
  • Sustainable Investing: Don’t forget the humans

    Climate change is one of our greatest threats. At Stewart Investors we consider it a key investment risk, and an investment opportunity.

    18 April 2023
    Image for: Sustainable Investing: Don’t forget the humans
  • P&I Interview: ESG Investing

    Pablo Berrutti, Senior Investment Specialist speaks to Joshua Scott of P&I.

    09 March 2023
    Image for: P&I Interview: ESG Investing
  • Tech and Healthcare: Is correlation risk what it seems?

    Senior Investment Analyst Oliver Campbell discusses how we approach correlation risk.

    06 March 2023
    Image for: Tech and Healthcare: Is correlation risk what it seems?
  • Why India: Investing in the Indian subcontinent

    The Indian subcontinent has been a fantastic investment destination over the last few decades. Investment returns in the subcontinent have been primarily driven by India since she liberalised her economy in 1991.

    16 January 2023
    Image for: Why India: Investing in the Indian subcontinent
  • Why India: A favourable macro environment

    India is a region which demands patience but rewards patient investors through steady compounding of returns.

    15 January 2023
    Image for: Why India: A favourable macro environment
  • Why India: Home to high-quality companies

    India is home to many high-quality companies. Our past decades of investing in the Indian subcontinent has demonstrated that exceptional businesses managed by competent, conservative stewards deliver disproportionately better returns through cycles.

    14 January 2023
    Image for: Why India: Home to high-quality companies
  • Why accounting choices matter

    Commuters on the London Underground would be familiar with the warning to “mind the gap”. The investment industry is in dire need of a similar warning but with an extra A – “Mind the GAAP”.

    30 November 2022
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  • Panel discussion: Active ownership

    During Good Money Week in the UK, Senior Investment Analyst Chris McGoldrick sat down with Asset TV for a panel on active ownership.

    23 November 2022
    Image for: Panel discussion: Active ownership
  • Tackling climate change in emerging markets

    As the human effects of climate change continue to intensify around the world, asset owners and managers are rightly grappling with their responsibilities to help avoid catastrophe.

    13 October 2022
    Image for: Tackling climate change in emerging markets
  • Trip report: Europe

    On a recent trip to Europe, Hanna Ranstrand visited various companies who are building their businesses through acquisitions. Here, Hanna discusses these companies in more detail.

    04 October 2022
    Image for: Trip report: Europe
  • The importance of diversity

    How do the Stewart Investors team seek to address diversity? Sashi Reddy discusses the investment team’s approach, and why fostering diversity of thought is not just important but crucial in implementing the team’s investment philosophy for the long term.

    15 August 2022
    Image for: The importance of diversity
  • Climate Report: The race to zero

    Welcome to our climate report. In the report we share a baseline of our climate change-related risks, opportunities and impacts, from which our progress towards zero-carbon portfolios and operations can be assessed in the years ahead.

    23 June 2022
    Image for: Climate Report: The race to zero
  • Investment and sourcing through smallholder supply chains

    Finding there was a lack of information on smallholder farmer supply chains and their environmental impact, we commissioned research with NIRAS-LTS International to learn more.

    25 May 2022
    Image for: Investment and sourcing through smallholder supply chains
  • The problem with ESG scores

    Some ESG data can be useful in certain circumstances, but can an over reliance on simplistic ESG scores be a dangerous strategy?

    06 April 2022
    Image for: The problem with ESG scores
  • Trip Report: US

    The emergence of trends that will likely shape the next decade, including cloud computing, automation, connectivity and artificial intelligence (AI), has created some appealing honeypots for investors to dip their paws into. These companies are often well positioned in the face of broad sustainability tailwinds and characterised by steady growth streams, so one can understand the allure.

    05 April 2022
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  • Proxy Voting Policy and Guidelines

    We believe judgement is a better guide to voting than a rules-based approach. Our voting policy is based on a parsimonious set of principles and key considerations that in our judgement are likely to be applicable to all companies in the vast majority of circumstances.

    16 March 2022
    Image for: Proxy Voting Policy and Guidelines
  • How big is big enough?

    Today’s technology giants may have many admirable qualities, but should we question their ongoing contribution to sustainable development?

    06 January 2022
    Image for: How big is big enough?
  • Company Interview: Watsco Inc

    Heating and air conditioning usage account for a large percentage of the energy consumed in the average American home. By installing energy-efficient HVACR systems, Watsco, Inc. are assisting home owners to reduce their environmental footprint and tackle climate change.

    09 December 2021
    Image for: Company Interview: Watsco Inc
  • What makes us different?

    Stewart Investors' portfolios differ from any other comparative index. Our active share is often above 80 or 90%. Watch the full video to learn more.

    29 October 2021
    Image for: What makes us different?
  • The Power of Story

    In a recent essay, Santa Fe economist Brian Arthur challenges economists to describe the world in more than algebraic terms. He believes they should extend their vocabulary (and minds) to include verbs, alongside their highly prized nouns, to allow the underlying processes, context and organic nature of complex systems to be described in full technicolour.

    14 October 2021
    Image for: The Power of Story
  • Diversity statement

    Diversity is an integral part of sustainable development and is important to us as investors, employers and as members of society.

    09 September 2021
    Image for: Diversity statement
  • Why does stewardship matter in emerging markets?

    Emerging markets have long been understood as geographies of uncertainty. Are good company stewards the answer?

    06 August 2021
    Image for: Why does stewardship matter in emerging markets?
  • The magic of microbes

    WHO has predicted up to 10 million deaths from multi-resistant bacteria by 2050. Could changes in animal farming practices prevent this?

    09 June 2021
    Image for: The magic of microbes
  • Diversity: An indicator of distinctive cultures

    One of the key tenets of our investment philosophy has long been a focus on the cultures and people behind businesses. We believe that franchises that are successful over the long term are built on the backs of unique cultures that have the wherewithal to resist short-term pressure in favour of nurturing a sustainable business over decades, have the ability to think diversely about the opportunities ahead and the risks they might face, and the operational focus to deliver on their strategies year after year.

    10 February 2021
    Image for: Diversity: An indicator of distinctive cultures
  • Sustainable development in emerging markets

    Why sustainable development and returns can be achieved in emerging markets.

    21 December 2020
    Image for: Sustainable development in emerging markets
  • The Future of Food and Sustainable Agriculture

    Agricultural techniques have changed dramatically over the last 50 years, particularly in more developed nations.

    09 November 2020
    Image for: The Future of Food and Sustainable Agriculture
  • Through the Looking Glass

    In the sequel to Lewis Carroll’s ‘Alice in Wonderland’, Alice climbs ‘Through the Looking-Glass’ and finds another fantastical world, absent of reason and where everything is reversed. This crisis of logic is all too evident when in investing in Asia Pacific.

    17 September 2020
    Image for: Through the Looking Glass
  • Why climate change measures do not make sense, and how we can fix them

    If asked to list climate change solutions, many of us would start with renewable energy. It is obviously a key one given the use of fossil fuels for energy is the largest contributor to greenhouse gas emissions globally.

    16 September 2020
    Image for: Why climate change measures do not make sense, and how we can fix them
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