Edmond de Rothschild Asset Management (France)'s investment decisions are closely linked to the company's longterm prospects and require:
- the aim to deliver long-term value;
- deep understanding of economic and financial issues;
- concern for good governance;
- the development of a sound and stimulating work environment;
- efforts to reduce environmental footprint;
- equitable relations with stakeholders (e.g., clients, suppliers, civil partnership, etc.);
- management of sustainable development risks and opportunities.
Consequently, concerning the analysis and voting of ESG (Environmental, Social and Governance) resolutions, they are guided by the adherence to these principles and the relevance of proposed solutions to each company's own situation. In involving itself in the social, societal or environmental resolutions proposed by company management or submitted by shareholders, Edmond de Rothschild Asset Management (France) seeks to act in the best interests of the clients who buy its mutual funds.
By way of illustration, Edmond de Rothschild Asset Management (France) is in favour of models for compensating managers that reflect their performances, as defined by an independent compensations committee whose reports are clear and detailed. For environmental resolutions, which are most often submitted by minority shareholders, Edmond de Rothschild Asset Management (France) shall vote systematically in favour of resolutions that call for enhanced disclosure of potential risks.
Finally, note that Edmond de Rothschild Asset Management (France) adapts its criteria to each country's circumstances. With this in mind, the percentage of independent directors required shall be lower for controlled companies.
In accordance with Article 319-21 of the General Rules of the French Financial Markets Authority, Edmond de Rothschild Asset Management (France) has set out in the voting policy how it exercises the voting rights embedded in shares held in all its portfolios