News Release

Nomura Asset Management Announces Initiatives to Enhance
Stewardship Activities
Tokyo, November 1, 2021—Nomura Asset Management Co., Ltd. (NAM), the core company
within the Investment Management Division of Nomura Group, today announced that it hasestablished a new Engagement Department and revised its Proxy Voting Standards for JapaneseCompanies to further enhance its stewardship activities.
1. Establishment of the Engagement Department
The Engagement Department has been tasked with the mission of further promoting effective
dialogue with investee companies in a manner that will lead to the enhanced value of assets undermanagement. As an asset management company, NAM’s stewardship responsibilities
encompass stocks, bonds, and various other assets. The new department will consolidate andmanage the status of all engagement activities, while promoting their integration into themanagement of each asset class to more effectively engage with investee companies.
Specifically, the Engagement Department will establish common goals with companies that areable to contribute to the sustainable growth of investee companies. To achieve these goals,
corporate analysts, ESG specialists, and credit analysts will engage in ongoing dialogue with thecompanies to discuss enacting further measures in accordance with progress and integration
policies. In addition, the department will ensure that the results of engagement activities arereflected in proxy voting and the management of investments by reporting and sharing the goals
and progress both to portfolio managers and the Responsible Investment Committee, the highest
decision-making body for NAM’s responsible investment. Through these efforts, the Engagement
Department will build upon the value offered by stewardship activities.
2. Revision of the Proxy Voting Standards for Japanese Companies
NAM conducts a regular review of its Proxy Voting Standards for Japanese Companies every
autumn to reflect changes in the business environment and ensure sufficient time to engage withcompanies before annual general meetings of shareholders. This year, NAM made revisions
based on factors such as corporate governance reforms, the restructuring of the Tokyo Stock
Exchange market, increased interest in ESG issues, and the impact of COVID-19. For specificdetails regarding these revisions, please refer to NAM’s company website.
http://global.nomura-am.co.jp/responsibility-investment/vote.html
Through these efforts, NAM aims to deepen its understanding of the companies in which it invests,
while further enhancing its stewardship activities and realizing a virtuous cycle of investment.

endsNomuraNomura is a global financial services group with an integrated network spanning over 30 countries. By connecting
markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its
three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.
Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions
and considered thought leadership. For further information about Nomura, visit www.nomura.com.