Edmond de Rothschild Asset Management (France) ensures that a constructive dialogue is established with the target company, and that this company is receptive to tackling the ESG challenge(s) that have been identified. Furthermore, Edmond de Rothschild Asset Management (France) ensures it has the means and resources needed to monitor its Engagement initiatives:
• For each company held by the fund EdR Tricolore Rendement, the RI and European equity investment teams identify ESG issues in sufficient detail to enable regular progress reports;
• We set a target horizon (i.e. 24 months) that is long enough to allow companies to make the necessary changes;
• We have set up a consultative and monitoring body empowered to check the reality and the continuity of our Engagement initiatives: the “Voting and Engagement Committee”.
In addition, Edmond de Rothschild Asset Management (France) publishes annual voting and engagement reports which are freely available on our website(http://www.edmond-de-rothschild.com/site/France/en/asset-management/our-expertise/socially-responsible-investment). These reports provide an overview of our votes in shareholder meetings and engagement efforts with companies in the portfolio. As far as engagement action is concerned, please note that we only communicate on the details once the action is over to prevent any interference with the on-going dialogue: we ensure that external communication on our engagement actions does not upset the relations of trust we have with the companies, and that dialogue and progress can be sustained over the long-term.