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.