We have always believed that companies conducting their business in ethical, responsible and sustainable manner are more likely to succeed over time benefiting both our customers and the Society.
It has been in our DNA for the last 20 years. Already in 1997 we launched the first Ethical Funds in Italy, and first in the world, in early 2000, we commissioned a customized SRI fixed income benchmark. We believe in encouraging greater transparency and better corporate behaviours as a way to help reduce the risk and enhance the long-term value for our clients. We have then practiced soft engagement with several companies held in our ethical international portfolios.
Within the last two years we have decided to integrate environmental, social and governance (ESG) issues into investment analysis and decision-making across the full range of assets as we believe in their materiality in the stock price as much as in the environment and the society.
Our long history of SRI investing is based on the belief that we can and must offer solutions to our clients’ growing awareness on environmental and social issues.
Our approach to stewardship and active ownership draws on our conviction that investors' fiduciary responsibilities go beyond capital allocation decisions as our influence can be used to drive strong sustainability performance, which we believe delivers improved long-term returns.