This report shows public data only. Is this your organisation? If so, login here to view your full report.

Ircantec

PRI reporting framework 2019

You are in Direct - Listed Equity Active Ownership » Overview

Overview

LEA 01. Description of approach to engagement

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

01.1. Indicate whether your organisation has an active ownership policy.

01.2. Attach or provide a URL to your active ownership policy.

01.3. Indicate what your active engagement policy covers:

General approach to active ownership

Engagement

          Ircantec has adopted a flexible, open engagement policy, which allows it to invest at various levels, as an initiator or in support of collective actions.
        

Voting

          The voting policy of the Institution pursues the PRI, fundamental to the scheme's responsible investor policy.
        

Please describe

          Ircantec has two different engagement policies : one for voting activities, and another for shareholder and Institutional engagement.
        

01.4. Do you outsource any of your active ownership activities to service providers?

01.5. Where active ownership activities are conducted by service providers, indicate whether your active ownership policy covers any of the following.

          Voting rules advices, and annual meetings voting recommendations.
        

01.6. Additional information [optional]

Voting policy (applied to all equities fund) draws up priorities of the scheme and how to proceed on:

  • Corporate governance ;
  • Remuneration of directors and corporate officers ;
  • Shareholders' rights ;
  • Approval of accounts and management ; 
  • Allocation of attributable income and shareholders' equity management.

A voting rules' document is addressed to managers and complete the voting policy. Voting rules determine thresholds, indicators and criteria for every types of ballot items. Asset managers have to strictly follow there rules when voting.

The shareholder and institutional engagement policy determines engagement priorities and ways for action.

Engagement priorities:

  • Human rights in business environment ;
  • Energy and environmental transition ;
  • Corporate tax responsibilities ;

Ways for actions:

  • Develop a qualitative dialogue with companies ;
  • Strenghten cooperation with peers ;
  • Support better practices and methodologies ;

Media : https://www.ircantec.retraites.fr/sites/default/files/public/voting_policy.pdf

The only service provider we use in term of active ownership is Proxinvest, which acts as a reference to improve our voting rules and for providing with customized recommendations for key annual meetings.


Top