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Edmond de Rothschild Asset Management (France) (EDRAM)

PRI reporting framework 2018

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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Pharma & potential acquisition of a company active in agriculture.
        
Conducted by
Asset class
Scope and process

Ask some investment managers who integrate ESG how they are covering potential issues or controversies.

 

Outcomes

We raised our voice for some current rated funds. A SRI candidate has the pharma stock as a top holding; we decided not to recommend the Fund.

Topic or issue
          Fraud within a US bank
        
Conducted by
Asset class
Scope and process

Asked a SRI candidate why  they still had the position within their top holdings after a massive fraud has been discovered. The management company described the strong engagement phase, after a long process they decided to disinvest.

Outcomes

The Fund is still on our potential candidate list.

09.2. Additional information.


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