2024 Fixed Income Engagement Report

This report details the engagement activities conducted by Morgan Stanley Investment Management's Fixed Income group over a 12-month period from July 2023 to June 2024. It outlines the importance of investor-driven engagement in enhancing credit research and promoting sustainable outcomes. The report highlights over 150 meetings focused on sustainability, with a significant increase in engagements related to ESG reporting and disclosure. It emphasizes the group's commitment to engaging with a variety of issuers, including sovereigns and supranationals, to foster positive changes in sustainability practices. The report also discusses the thematic breakdown of engagements, covering topics such as decarbonization, biodiversity, and corporate governance. Additionally, it presents the group's goals for future engagements, which include expanding dialogues with non-corporate issuers and embedding ESG-focused engagement into daily investment processes. The findings aim to inform investment decisions and enhance transparency in ESG disclosures.