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Ecofi Investissements

PRI reporting framework 2017

You are in Direct - Listed Equity Active Ownership » Engagement » Overview


LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has a formal engagement policy.

01.2. Indicate what your engagement policy covers:

          Business Ethic

01.3. Attach or provide a URL to your engagement policy. [Optional]

01.4. Provide a brief overview of your organization’s approach to engagement

Ecofi Investissements approach engagement activity in order to influence companies to adopt environmental, social and governance more responsible practices.

We believe that engagement is complementary to SRI management in order to protect the long term interest of our investments and therefore of our customers. Besides, this is a way for increasing the awareness on ESG issues among companies we are investing in.

Our main engagement activities are:

1- Vote at Annual General Meetings:

We vote in all countries and industries. Exceptionally, Ecofi may not be able to ensure effective voting for some or all of the positions held in a company because of some share-blocking practices in specific countries. In 2016 we have voted at 339 AGMs about 5294 items.

We have a high rate of against voting: the average rate of against voting in 2016 by Ecofi Investissements has been 45%.

2- Dialogues with companies:

- Individual dialogue with companies facing serious ESG controversies;

- Collective dialogue (alongside with other investors) on major ESG issues.

01.5. Additional information [optional]

LEA 02. Reasoning for interaction on ESG issues

02.1. Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual/Internal staff engagements

          To support investment decision-making

Collaborative engagements

Service provider engagements

          To support investment decision-making

02.2. Additional information. [Optional]

Collaborative engagement is mainly achieved with the following organisations: PRI, FIR, Cordia, Phitrust. 

Individual engagement is realised by the SRI Research team which is supported by the broker Exane. The activity is focused on companies which face major controversies (level 4 controversies according to Sustainalytics' rating) which are invested by our funds. 

Since 2012, we engaged on an individual basis with 25 companies.