Ada Fintech, owned by Redington, has launched a stewardship data platform to allow investors to access and track manager voting records as part of their environmental, social and governance (ESG) risk management research and analysis.

Fund-level stewardship is one of two main features of the new solution, and provides a complete look-through on each portfolio holding, including how a manager has voted on all shareholder proposals to build an accurate picture of votes cast over time.

Stewardship insights, meanwhile, allow clients to look across their entire stewardship data set and discover the most important votes cast by managers, with Ada Fintech then applying a “significance rating score” to allow investors to pinpoint material insights, including as hidden votes and potential manager conflicts.

Commenting on the launch, Redington CTO and Ada Fintech managing director, Adam Jones, emphasised that whilst investors are expected to put increasing emphasis on evidencing research and holding managers accountable on ESG engagement, gaining access to the relevant data and insight "remains a challenge".

“We have a responsibility to change that, and so have ploughed our combined technology and investment consultancy expertise into developing a meaningful, useable solution," he continued.

"Drawing upon Tumelo’s leading voting research differentiates this further and means users can see exactly how managers are engaging with companies and achieve absolute clarity as to whether their actions are supporting their long-term ESG goals.”

Tumelo chief executive, Georgia Stewart, added: “Responsible investors are increasingly interested in how their fund managers are engaging with and voting at the companies their money is invested in.

"The solution we have developed with Ada Fintech enables investors to easily view and monitor how their fund managers have voted on crucial shareholder proposals.

“Whereas for years stewardship has been an afterthought, this tool allows investors to put stewardship under the spotlight during the fund selection process. We hope this partnership and the greater transparency it delivers will create better outcomes for beneficiaries as well as for society over the long term.”

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