Exclusions (Oslo / ottawa on all our directly managed equity funds and respect of Human Principles on most of our directly managed equity funds) help us to build an ethical base for our equities investments.
Above this ethical base, we favor dialogue and commitment to exclusion on most of our listed equity funds:
•Commitment rather than systematic decarbonization
•Voting rights exercised in accordance with the principles of socially responsible investment: Our voting policy intention is to be compliant with socially responsible principles on all ESG topics. In that sense, we have outsourced resolutions' analysis and recommendations to a specialized company: Institutional Shareholder Services (ISS)
•Sensitization of Top Management to ESG issues during meetings (1to1 and thematic conferences)
•Contribution to working groups on ESG themes and collaboration with NGOs
• If a specific ESG issue arises on one of our participations, we contact the management
If a company's practices do not evolve accordingly or if the firm is not/no more compliant with its commitments (carbon emission/polluting power-station production reduction, for example), we could decide to disinvest over a certain period of time.