For the listed equities for which you have given your external managers a mandate to engage on your behalf, indicate the approximate percentage (+/- 5%) of companies that were engaged with during the reporting year.
Number of companies engaged
Proportion (to the nearest 5%)
Additional information [OPTIONAL]
Asset managers strictly follows Ircantec's voting rules. Ircantec is engaging companies directly on its behalf (except for voting activities) and not through asset managers.
Ircantec has adopted a flexible and open engagement policy, as leader or in support of collective actions. The fund's engagement activities can be divided into three main types of action:
- developing high-quality dialogue with companies;
- Improving co-operation with fellow investors;
- stimulating progress in practices and methodologies.
For examples, Ircantec is a leading member on Total on energy transition trough a PRI-lead group.
The pension scheme has also a co-leading role on Essilor and Sanofi relative to tax responsibility.
Concerning the voting policy, Ircantec cannot “stricto sensu” vote in annual meetings, since shares are attached to investment management companies, but we ask them to follow our voting rules and principles, and control their executions. The investment funds’ management instructions state: “voting rights attached to the FCP’s financial instruments must be exercised exclusively in the interests of Ircantec.”
If the subject of a resolution is not covered by the Voting Policy or the Operational Voting Rules, the management companies are required to contact Ircantec before completing the ballot.