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METROPOLE Gestion

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort

Indicate the proportion of companies in your listed equities portfolio with which your organisation engaged during the reporting year.

	We did not complete any engagements in the reporting year.	Number of companies engaged (avoid double counting, see explanatory notes)	Proportion of companies engaged with, out of total listed equities portfolio
Individual / Internal staff engagements		259	93.8
Collaborative engagements		17	6.2

09.2. Indicate the breakdown of engagements conducted within the reporting year by the number of interactions (including interactions made on your behalf).

No. of interactions with a company	% of engagements
One interaction	>76% 51-75% 11-50% 1-10% None
2 to 3 interactions	>76% 51-75% 11-50% 1-10% None
More than 3 interactions	>76% 51-75% 11-50% 1-10% None
Total	100%

09.3. Indicate the percentage of your collaborative engagements in which you were the leading organisation during the reporting year.

Type of engagement	% leading role
Collaborative engagements	>50% 10-50% <10% None

09.5. Additional information. [Optional]

As a small asset management in terms of AUM, we couldn't take any leading role in any collaborative engagement even if we 've been part of the "Non Disclosure Campaign".

LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

Letters and emails to companies

In a minority of cases

In a majority of cases

In all cases

Meetings and/or calls with board/senior management

In a minority of cases

In a majority of cases

In all cases

Meetings and/or calls with the CSR, IR or other management

In a minority of cases

In a majority of cases

In all cases

Visits to operations

Visits to supplier(s) in supplier(s) from the company’s supply chain

In a minority of cases

In a majority of cases

In all cases

Participation in roadshows

In a minority of cases

In a majority of cases

In all cases

Other

10.2. Additional information. [Optional]

In the case of any controversy appearing for companies that we hold in our portfolio, we have a clear process of evaluation of the controversy, further discussion with the company and after the overall process has been implemented, the investment decision is taken regarding the size of the investment.

LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

Add Example 1

ESG Topic	Climate Change Executive Remuneration Climate Change Human rights Company leadership issues Pollution General ESG Diversity Shareholder rights Health and Safety Sustainability reporting Water risks Labour practices and supply chain management Anti-bribery and corruption Deforestation Aggressive tax planning Cyber security Other governance Plastics Other
Conducted by
Objectives	Beyond our direct ESG engagement in place for many years, we carried out in 2019 a thematic engagement across the companies we engaged regarding the measures put in place in order to reduce CO2 emissions and the measures taken in order to respect the 2° alignement with the COP21. METROPOLE Gestion has started to emphasize specifically from the beginning of 2019, as a signatory of the TCFD, to strenghten its engagement on climate related risks and opportunities. METROPOLE gestion has started also a collaborative engagement with investors gathered by the CDP, "The non Disclosure Campaign" in order to prompt companies to better disclose on those matters.
Scope and Process	Regarding CO2 emissions, the direct dialogue in place for many years, lead to the result that more than 91% of the companies held in our portfolios have objectives of reduction within a specific timeframe. For the 9% remaining and after no progress at all for these companies, we decided to sell them.
Outcomes

Add Example 2

ESG Topic	Climate Change Executive Remuneration Climate Change Human rights Company leadership issues Pollution General ESG Diversity Shareholder rights Health and Safety Sustainability reporting Water risks Labour practices and supply chain management Anti-bribery and corruption Deforestation Aggressive tax planning Cyber security Other governance Plastics Other
Conducted by
Objectives	For the companies having targets of reduction on CO2 emission, we focused part of the engagement on the measures used for CO2 emissions (Scope 1,2,3) and the validation of these measures by the SBTi ( Science Based Target initiative)
Scope and Process	59% of the companies we engaged with, publish only scope 1 and 2 and 41% have scope 3 objectives. Regarding the use of SBTi for validation of the measurement, only 28% used it. This has been confirmed through our collective engagement with the CDP where 27% of the companies only use the SBTi validation.
Outcomes

Add Example 3

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Add Example 10

11.2. Additional information. [Optional]

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