B选项

问题如下：

选项：

A.not meant to address issues relating to a company’s strategy and capital structure.

B.a form of activism where an institution initiates an investment to change a company’s governance policies.

C.the way investors implement their stewardship responsibilities in line with the Principles for Responsible Investment.

解释：

A is incorrect because given its focuson preserving and enhancing long-term value on behalf of the asset owner,engagement can encompass the full range of issues that affect the long-termvalue of a business, including: strategy and capital structure.

B is incorrect because engagement is oneaspect of good stewardship. Importantly, activism is typically a specialistform of engagement and stewardship, where an investment institution initiatesan investment with the intent of generating investment outperformance throughdriving change with respect to a company’s governance, capital allocation, orbusiness practices. Therefore, engagement is not a form of activism. Rather,activism is a special form of engagement.

C is correct because engagement isthe way in which investors put into effect their stewardship responsibilitiesin line with the Principles for Responsible Investment (PRI) Principle 2 (Wewill be active owners and incorporate environmental, social and governance(ESG) issues into our ownership policies and practices).