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Welcome

At Baillie Gifford, stewardship means being thoughtful, active and responsible investors on behalf of our clients. As managing partner of Baillie Gifford, I am pleased to present our Investment Stewardship Activities Report for 2025, which is our first opportunity to report under the UK Stewardship Code 2026. Baillie Gifford has been a signatory to the UK Stewardship Code since its inception and has long advocated for good stewardship to be at the heart of the UK asset management industry. Managing our clients' financial assets is a privilege, and we remain focused on our aim of delivering sustainable, long-term investment returns.

As managing partner of Baillie Gifford, I am pleased to present our Investment Stewardship Activities Report for 2025, which is our first opportunity to report under the UK Stewardship Code 2026. Baillie Gifford has been a signatory to the UK Stewardship Code since its inception and has long advocated for good stewardship to be at the heart of the UK asset management industry. Managing our clients' financial assets is a privilege, and we remain focused on our aim of delivering sustainable, long-term investment returns.

  • This report sets out our stewardship approach and the pathways we have chosen to achieve effective outcomes for our clients' long-term benefit. Stewardship is an integral and enduring part of how we act on behalf of our clients, and as such, we have invested significant effort in strengthening our capabilities over time. We continue to:
  • Take a long-term approach to our engagement and proxy voting activities.
  • Work constructively with stakeholders across the industry to support well-functioning markets.
  • Refine our stewardship processes to ensure they remain aligned with our investment approach.
  • This will help ensure we remain well-positioned to act as effective stewards on behalf of our clients who entrust us with this responsibility.

On behalf of all our partners and colleagues at Baillie Gifford, I welcome this opportunity to present our 2025 report.

Tim Campbell Managing Partner