ERAFP intends to be an active shareholder and, to that end, maintain dialogue or engage with those issuers in which it invests or with the authorities that define its investment framework. Accordingly, in 2012 ERAFP adopted shareholder engagement guidelines, which it updates yearly. Its engagement guidelines establish priority engagement themes for the year as well as the voting policy that ERAFP's delegated asset managers must apply at general meetings. The ERAFP engagement principles are based on issuers' ESG transparency, respect of national and international rules and long term investment.
In 2016, ERAFP has focused in, particular on collaborative initiatives, covering the following main themes:
—the fight against climate change, the promotion of strategies to reduce corporate greenhouse gas emissions and contribute to the transition to alternative energy sources;
—combatting aggressive tax optimisation, in particular by promoting greater transparency in financial reporting by multinational groups;
—ensuring consistency between companies’ sustainable development commitments and their lobbying practices;
—the prevention of employee-related risks in the supply chain