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METROPOLE Gestion

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Outputs and outcomes

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
2 to 3 interactions
More than 3 interactions
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

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.

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.

ESG Topic
Climate Change
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
ESG Topic
Climate Change
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

11.2. Additional information. [Optional]


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