1、2024 Investment Stewardship ReportInvestor-led,expert-drivenApril 2025This report is as of December 31,2024 and includes information that was obtained at an earlier date during the course of engagements with companies or in the course of voting proxies.Such information has not been updated,verified

2、or audited.The case studies and examples are provided for illustrative purposes only and may not be updated in the future.While we view engagement as an important part of understanding the risks and opportunities facing companies held in our client portfolios,such engagement may not be effective in

3、identifying such risks and opportunities and we do not guarantee any particular results or company performance as a result of such engagement.The engagement statistics are approximations only and were derived from our internal research notes to help identify engagements related to specific engagemen

4、t priorities and sub-themes.Such information has not been audited and no assurance can be made with respect to the accuracy or completeness of such information.FOR INSTITUTIONAL/WHOLESALE/PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY NOT FOR RETAIL USE OR DISTRIBUTIONContents3 Foreword4 J.P.Morg

5、an Asset Management Part 1 Engagement and voting in 2024 6 Engagement in 2024:a year in review9 Our approach to engagement21 Governance engagement and voting 202431 Strategy alignment with the long-term engagement and voting-202445 Climate change engagement and voting-202467 Natural capital and ecos

6、ystems engagement 202482 Social stakeholder engagement and voting 202491 Human capital management engagement and voting 202497 Stewardship in Alternative Markets101 Proxy voting how we utilized our rights in 2024Part 2 Structures and practices supporting stewardship 115 J.P.Morgan Asset Management W