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Ethos Foundation

PRI reporting framework 2017

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

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

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2016, Ethos participated in the SSE (Sustainable Stock Exchanges) collaborative initiative. Ethos is the lead investor with SIX Swiss Exchange.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

One of the topics of engagement of the Ethos Engagement Pool (130 members) is to encourage companies to measure their GHG emissions and set reduction goals (both absolute and relative) in order to contribute to the 2 degree objective. In that spirit, Ethos urges SPI companies to participate in the CDP by filling the annual questionnaire.

In particular, in 2016, Ethos sent an Engagement Paper on climate change to the 140 largest Swiss listed on behalf of the 130 members of the Ethos Engagement pool. This document mentions the expectations of investors regarding the climate change strategy of portfolio companies. The document encourages companies to participate in the CDP.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2016, Ethos co-signed a letter sent to the SEC Chairman and Commissionners to support the application of strong rules for the implementation of section 1504 of the Dodd-Frank Act (Transparency of the payments to governments by companies in the extractive sector). The letter expresses the signatories' strong support to the EITI and notes the importance to investors of consistency in the reporting requirements of this initiative as well as those of Section 1504 of the Dodd-Frank act and its similar laws in the EU and Canada. The letter wants to signal the co-signatories support of the SEC establishing a mandatory reporting standard in the extractives sector that is complementary to EITI. This is absolutely necessary for achieving fiscal transparency and accountability in resource-dependent nations and is expected to deliver important benefits to these nations.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Ethos has been an affiliate of ICCR since 15 years and regularly participates in collective engagement initiatives in the environmental, social and corporate governance field launched and coordinated by ICCR or its members.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Ethos has been a member of the ICGN for more than 10 years and is now the Swiss member of the Global Stewardship Codes Network.

          - Forum Nachhaltige Geldanlagen (FNG)
- Swiss Sustainable Finance (SSF)
- Sustainable Finance Geneva (SFG)
- Eurosif
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

  • Forum Nachhaltige Geldanlagen (FNG): Along with other key SRI players in Switzerland, Ethos is a member of FNG, a regional Sustainable Investment Forum (SIF) active in Austria, Germany and Switzerland which aims at promoting sustainability among institutional investors. More precisely, Ethos is part of the Swiss local working group that specifically focuses on actions to better define sustainability for investors and promote its further development and implementation. FNG publishes a yearly survey on SRI in Switzerland in which Ethos actively takes part.
  • Swiss Sustainable Finance: In 2016, Ethos participated in the preparation of the SSF Toolkit presenting the main initiatives in the Swiss market regarding Responsible Investment. Ethos wrote two articles for the toolkit which was launched by SSF in the end of 2016.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Ethos collaborates with SHARE (Canada) with regard to proxy voting of North American and Swiss companies by exchanging research.

          Ethos Engagement Pool (EEP)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Ethos main tool for collaborative engagement with other investors in Switzerland is the Ethos Engagement Pool (EEP), now in its 13th year. This unique engagement vehicle brings together and pools the resources of more than 130 Swiss institutional investors in order to systematically engage with Swiss companies on various ESG issues. Engagement topics and objectives are selected by the EEP members on an annual basis, while engagement activities are coordinated and conducted by Ethos on behalf of the pool's members.

In 2016 the key engagement topics encompassed climate change, environmental and social reporting, supply chain management, codes of conduct, anticorruption principles & policies, political and philanthropic donations as well as corporate governance issues pertaining to the Board's composition and organisation, board and executive remuneration and the shareholders general meetings. Every year, Ethos provides its members a detailed engagement report, which includes quantitative and qualitative measures of success, as well as an proposals for further action.


SG 10. Promoting RI independently (Not Completed)


SG 11. Dialogue with public policy makers or standard setters (Private)


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