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Vigeo EIRIS

Service Provider Reporting Framework 2017

You are in Strategy and Governance » Responsible investment policy

Responsible investment policy

SG 01. Responsible investment policy

01.1. Describe how your organisation’s philosophy incorporates environmental, social and governance factors, and the link to your business offerings.

          The assessment and promotion of social and environmental responsibility are at the core of Vigeo Eiris’ business model and are the foundation of its raison d’être. Vigeo Eiris has built its own social responsibility approach with the firm belief that it constitutes a performance factor, a risk management driver and a lever for stakeholder dialogue and sustainable value creation.

Social pillar:
Our teams are at the core of our professional excellence. Our employees are the backbone of the agency, the true foundation of our expertise and guarantee the quality of all products and services offered to our clients. The development, reinforcement and promotion of our competencies are amongst our priorities and form an important part of the commitments taken by the agency towards its employees.

There are 28 nationalities represented at Vigeo Eiris, where teams work closely towards our clients’ and partners’ needs. We continuously reinforce our know-how through experience and feedback, and pay close attention to the transparency, readability and accessibility of our analyses.

Our commitments towards our employees are:
•	Ensuring in-depth and regular social dialogue in terms of information, consultation and negotiation.
•	Guaranteeing equal treatment to all employees in terms of the recruitment process, skills and career development, remuneration, and work-life balance.
•	Promoting equal opportunities between men and women in the workplace, and developing cultural diversity.
•	Ensuring that skills development as well as individual and collective performance, are key factors contributing to career and remuneration development.

Innovation, trust & dialogue are the foundation of our client relationships. 
•	Vigeo Eiris communicates to its clients, the companies it rates and stakeholders about the methodology through which Vigeo Eiris builds its opinion. 
•	Vigeo Eiris provides clients with research and services adapted to every responsible and ethical investment approach.
•	Maintaining close contact with our clients enhances our understanding of market expectations. A customisable extranet portal for clients ensures fast access, not only to the products and publications but also to real time information published by the agency.
•	Project managers in charge of innovation ensure the diversification of our services to meet the needs of new market segments and to anticipate future needs.
•	Teams are dedicated to answering to client requests within 48 hours (maximum).

Respect and responsibility towards our suppliers and competitors:
•	The agency ensures its behaviour is respectful towards competitors.
•	We pay close attention to our payment deadlines. They vary from 30 days to 2 months depending on the site.

Governance:
The diverse nature of Vigeo Eiris’ shareholding structure ensures the independence of the agency. The decision to have companies in Vigeo Eiris’ shareholding structure alongside investors and civil society organisations  was motivated by our desire for a diverse body of shareholders – companies, trade unions, NGOs, investors, etc. – thus reflecting the multiple interests of the agency.
Independence, transparency, quality and integrity - those requirements are formalised in a code of conduct available on our website, which is translated into professional practices.
•	Vigeo Eiris is certified to ARISTA 3.0, an external certification imposing high-level quality and transparency standards on research agencies.
•	A code of conduct is signed by all employees. Vigeo Eiris is committed to the prevention of any strategy of influence exerted against the agency or its employees. The agency has adopted an ethics alert mechanism through which a key contact individual can be contacted by all employees whenever the need arises.
•	Vigeo Eiris applies strict guidelines on work ethics and integrity to reinforce its independence. Our research is independent from any financial or economic interest. We follow rules of impartiality in formulating our research opinion in order to prevent potential conflicts of interest or influence strategies.
•	Vigeo Eiris has an independent scientific committee that supervises the agency’s methodology and ensures adherence to this. 


Environment:
Vigeo Eiris has strong engagement and vigilance on environmental issues linked to staff transport, energy consumption and waste management. 
•	We will be measuring our carbon footprint and carbon offsetting for all sites and at group level in 2017.
•	Reduction of energy consumption through:
o	Offices accessible by public transport.
o	A teleconferencing system for calls and working meetings across sites.
o	The opportunity to use telework to avoid long and recurrent commuting.
•	Sorting system for office waste and recycling of expired objects and documents.
•	Use of recycled paper and commitment to limit the use of paper outputs for Vigeo Eiris Rating.

More information : http://www.vigeo-eiris.com/en/vigeo-eiris/csr-policy/
        

01.2. Indicate whether you have policies that formalise the incorporation of your beliefs in your business offerings.

01.3. Indicate the components/types  of your policy

Policy components/types
          Policy on carbon offsets
        
          Ethical Purchasing policy
        

01.4. Indicate how these are put into practice internally across the organisation.

01.5. Additional information [OPTIONAL]

As part of the ARISTA external audit, annually Vigeo Eiris Rating produces several reports that address how we meet core principles from our Code of Conduct. These include an independence report and a stakeholder report.


SG 02. Publically available policies

02.1. Indicate which of your policy documents or statements (if any) are publicly available. Provide the URL and an attachment of the document.

Policy or document name
          Formalised guidelines on environmental factors
        

Attachment (optional)


          Formalised guidelines on corporate governance factors
        

Attachment (optional)


02.2. Additional information. [OPTIONAL]

Other relevant policy documents are available such as :

  • Formalised guidelines on social factors : http://www.vigeo-eiris.com/en/vigeo-eiris/csr-policy/
  • Independence policy and certification to ARISTA 3.0 : http://www.vigeo-eiris.com/wp-content/uploads/2016/08/Certification-ARISTA_2015-2018.pdf 
  • Disclaimer for information provision : http://www.vigeo-eiris.com/wp-content/uploads/2016/11/Disclaimer-relatif-a%CC%80-la-fourniture-dinformations-VENG.pdf 

 

The Scientific Council ensures the independence and professional excellence of Vigeo Eiris.

Composed of independent members, the council oversees the quality of our methodological approach and of our products, and reviews the conclusions from academic research that is conducted using our database.

Vigeo Eiris’ Scientific Council consists of four independent members and meets twice a year. It is responsible for the following objectives:

  • examining the methodological principles and rules applied to our products before they are launched,
  • ensuring the scientific monitoring of the rating activity, including ensuring compliance with the methodology, and
  • providing an opinion in case of a dispute between a rated company and Vigeo Eiris (concerning methodology issues).

 For more information on the Scientific Council, guarantor of our methodologies, see: http://www.vigeo-eiris.com/en/vigeo-eiris/scientific-council/

 


SG 03. Norms used to develop policies

03.1. Indicate what standards you have used to develop your organisation’s policies. Tick all that apply.

          ISO Norms : ISO 26 000, ISO 9000, ISO 14000
        
          European Union relevant directives (On reporting for instance)
        

SG 04. Policy offerings to clients

04.1. Indicate whether you offer any of the following policies to clients.

Off the shelf
Tailored
Asset class-specific RI guidelines
Sector-specific RI guidelines
Screening/exclusions policy
Engagement policy
(Proxy) voting policy
RI guidelines set out within the Investment Policy Statement (IPS)
RI guidelines set out in a freestanding RI policy
Multi-year RI implementation project plan
Conflict of interest management policy
Stockbroker allocation policy
Securities lending policy
Other, please specify (1)

please specify (1)

          Sovereign Sustainability Ratings
        

please specify (1)

          Sovereign Sustainability Ratings
        
Other, please specify (2)

please specify (2)

          Green Bond Second party Opinion
        

please specify (2)

          Green Bond Second party Opinion
        
Other, please specify (3)
None of the above

04.2. Provide a brief description of the key elements, any variations, or exceptions applying to these policies.

Products and services are tailored to client interest. It is up to clients to define how they will integrate our services and which policies they may wish to build from them.

Our core ESG rating products are structured around and/or derived from our methodological framework, structured around 38 precise sustainability criteria based on international standards. These 38 ESG challenges are segmented into 41 sector sub-frameworks selecting and weighting the most relevant objectives. More than 330 principles for action enable us to question companies on their integration of social responsibility issues into managerial systems. We assess issuers on their overall ESG performance, and identify their strengths and weaknesses. Our screening activity enables investors to complement this managerial analysis with an assessment of issuers’ involvement in a number of activities:

  • products and services contributing to sustainable development
  • 13 controversial activities.

This research on ESG or ethical drivers enables us to serve and answer any client’s RI policies.


SG 05. ESG/RI in business offerings

05.1. Describe how you include ESG/RI factors as an integral part of your business offerings.

Business area

Reporting

How you include ESG/RI factors

Implementing social responsibility needs a structured and progressive approach that is integrated into an organisation’s strategy, is initiated by the highest level of management, and that actively seeks continuous improvement.

Vigeo Eiris Enterprise provides support to organisations in order to:

  • assess their CSR policy
  • identify and prioritise key sustainability issues
  • expand the mapping of operational risks
  • report and communicate on their performance to their stakeholders
  • unite and mobilise their employees.

http://www.vigeo-eiris.com/en/vigeo-eiris-enterprise/from-policies-to-csr-reporting/

 

Stewardship Services

How you include ESG/RI factors

The Vigeo Eiris ‘Active Ownership’ suite of products offers stewardship assistance in the form of shareholder engagement and proxy voting services.

The Vigeo Eiris Engagement Service works with clients to target the most appropriate companies for engagement. This includes: setting selection criteria adapted to a client’s request, or responsible investment or engagement policy; managing dialogue with those companies identified for engagement on behalf of the client, and monitoring progress to assist investors in fulfilling their commitments to stewardship and active ownership.

Vigeo Eiris delivers data and information on corporate ESG performance or allegations of involvement, in line with an investor’s responsible investment policy. The engagement consists of a dialogue between investors and companies based on the framework defined by the client. It is achieved through regular meetings, conference calls, or written requests on specific ESG issues. This engagement activity covers all sectors.

The Vigeo Eiris Voting Service enables investors to vote on a company’s sustainability performance even when there is no specific resolution tabled. It uses the Vigeo Eiris ‘surrogate’ voting system, which is widely applicable in developed markets and beyond and which uses Vigeo Eiris’ research database to identify issuers’ exposure to specific ESG risks.

Advisory and Consultancy

How you include ESG/RI factors

Vigeo Eiris’ advisory and consultancy services include ESG and RI factors.

Investor clients can benefit from Vigeo Eiris’ support in the development of structured products or a bespoke investment universe, combined with responsible investment strategies.

We can also offer assistance to define and implement investors’ ESG strategies. This includes assistance from formalisation to development, through to communication about a client’s investment policy. It can also include construction of an ESG evaluation policy, or reporting structure support for responsible investment strategies as well as for ESG integration into financing operations.

Portfolio Audits are also provided to measure and manage the implementation of a client’s global or targeted ESG policy across their portfolio. Two formats of audit reports (at the fund level and at the portfolio level) are available. Vigeo Eiris provides clients with a mapping of ESG risks and a performance benchmark on their portfolios.

http://www.vigeo-eiris.com/en/vigeo-eiris-rating/

 

All types of organisations can also benefit from support to evaluate and reinforce their CSR activities and practices, as well as from support to objectify and report on their contribution to the social, societal, environmental and market ecosystems in which they operate.

http://www.vigeo-eiris.com/en/vigeo-eiris-enterprise/

 

Research and Data Provision

How you include ESG/RI factors

Vigeo Eiris offers decision-making tools designed for all types of investors, covering all ethical and responsible investment approaches.

Reliable, up-to-date, accessible and customisable research and data is needed to be able to identify risks related to ESG, to detect opportunities for future value creation and to be informed swiftly about controversies and litigations. Vigeo Eiris provides research and services adapted to many types of investment.

Sustainability rating provides research and services adapted to all types of investments, and aims to take ESG risk factors into account in the management of investment universes. Vigeo Eiris gives access to analyst opinion on corporate management of sectoral issues.

Vigeo Eiris’ Controversy Database and Convention Watch allow investors to stay informed about allegations and litigation affecting companies in their portfolio. These events can impact a company’s reputation and legal security. We inform clients of the severity an frequency of such events, and the company’s response.

Controversial activities and involvement in weapons are also available to enable investors to exclude those companies from their investment universe whose activities or products are deemed ‘disputable’, or for example, a risk to health or the environment. Vigeo Eiris also conducts some specific screening research to support investors with compliance with local obligations. For instance, research is designed to correspond with the terms of the US targeted Sudan divestment legislative model and policies based upon this (Sudan screening: http://www.vigeo-eiris.com/en/vigeo-eiris-rating/sudan-screening/).

Vigeo Eiris also provides climate risk assessments. Several complementary approaches are available to investors in this field including: divestment; the allocation of resources to sectors and activities that heavily contribute to a low carbon economy; or moving investment to those issuers that are making a commitment to continue on the path towards energy transition.

In 2015 UN member states adopted sustainable development goals, to renew and extend the scope of action of economic and financial players. Through our sustainable goods and services research we provide an opportunity for investors to guide their resource allocation to sustainable activities and services, and contribute to sustainable growth.

http://www.vigeo-eiris.com/en/vigeo-eiris-rating/

 


SG 06. Outsourcing of services (Private)


SG 06.2. Outsourcing of services (Private)


SG 07. Providing training/education

07.1. Indicate whether you provide training/educational services on ESG/RI. Tick all that apply.

          Ad hoc training and consultancy
        

07.2. Describe the main components of your training/educational services on ESG/RI and any variations depending on the group you provide training/education to.

Vigeo Eiris provides ad hoc training and consultancy to clients on ESG, RI and how they respect the PRI principles. This is done at a client’s request.


SG 08. Level of involvement in collaborative organizations and/or initiatives

08.1. Select the collaborative organisation and/or initiatives of which your organisation is a member, or in which it participated during the reporting year and the role you played.

Collaborative Organisation/Initiative

Provide a brief commentary on the level of your organisation’s involvement in the initiative [OPTIONAL]

          Peter Webster is a member of the PRI Board (non asset owner category), elected until 2019.
He is Director of International Affairs, for Vigeo Eiris & CEO of the EIRIS Foundation.
        
          GRI - Global Reporting Initiative
        

Provide a brief commentary on the level of your organisation’s involvement in the initiative [OPTIONAL]

          
        
          EUROSIF
        

Provide a brief commentary on the level of your organisation’s involvement in the initiative [OPTIONAL]

          
        
          The Green Bond Principles
        

Provide a brief commentary on the level of your organisation’s involvement in the initiative [OPTIONAL]

          
        
          Forum Ethibel
        

Provide a brief commentary on the level of your organisation’s involvement in the initiative [OPTIONAL]

          
        

08.2. Additional information. [OPTIONAL]

Beyond research and analysis, Vigeo Eiris positions itself as an actor open to dialogue and keen to promote social responsibility and responsible investment to civil society organisations – NGOs, trade unions and international organisations.

Vigeo Eiris is devoted to:

  • developing and maintaining relationships with key institutional players among its stakeholders, including the investment community, asset managers, professional federations, labour unions, civil society and intergovernmental networks
  • contributing to the creation of an environment favourable to the development of social responsibility and responsible investment
  • contributing to informed decision-making
  • taking part in the activities and governance of multi-stakeholder structures in our sphere of influence and activity
  • promoting best practice in ESG reporting by investors and companies, and the adoption of legislation and regulation that promotes responsible investment.

 

Vigeo Eiris is member of other various organisation such as: FIR, US SIF, RIA (Canada), UKSIF, VBDO, JapanSIF. Sustainable Stock Exchanges Initiative, Orée, Comité 21, Global Compact etc.

Our Senior Executive Stephen Hine is on the Board of GISR – Global Initiative on Sustainability Ratings.

Our Senior Executives Fouad Benseddik and Stephen Hine seat on the Board of ARISE that operates the ARISTA 3.0 research quality standard.

 

Vigeo Eiris also supports scientific research on social responsibility. We build partnerships with academics through research agreements and enable them to access and utilise our database.

http://www.vigeo-eiris.com/en/vigeo-eiris/partnerships/

http://www.vigeo-eiris.com/wp-content/uploads/2016/08/2402_University.pdf


SG 09. Applying, advancing and promoting the PRI principles

09.1. Describe how your organisation applies, advances and promotes the PRI Principles.

We offer ESG engagement and voting services, which help clients to implement the PRI principles and meet their stewardship obligations.

We explain the PRI principles to clients, as well as how to apply and implement them, often in an incremental fashion.

We refer to the PRI principles when we provide ESG training to our clients’ staff.

Where relevant and appropriate, we include reference to the PRI principles in pitches to prospects, or in public speaking engagements.

We also signed a partnership agreement with the PRI in August 2014 for a two-year period. This provided access to our research platform, the Equi-research 2.0, with the purpose of serving the PRI’s collaborative engagement programme, which concerned 111 companies.

09.2. Highlight whether there are any ways that your organisation would like to engage further with the PRI. [OPTIONAL]

We would be keen for our experts to speak at more PRI events.

We would be keen to explore being involved in some collaborative engagements or providing research to PRI collaborative initiatives.


SG 10. Actions taken to promote responsible investment

10.1. Indicate which of the following actions your organisation has taken to promote responsible investments, independently of collaborative initiatives.

10.2. Additional information. [OPTIONAL]

We have provided training to clients on ESG on an ad hoc basis, as required, and we are always keen to assist when asked. We regularly provide data to academics through partnership agreements. We regularly submit our views to policy consultations on relevant themes.


SG 11. Long term trends

11.1. Indicate which of the following long-term trends are addressed in your product outputs.

11.2. Explain how this long term trend affects your product outputs.

  • In some instances these long-term trends are effectively being integrated into our sector questioning models. As such, how companies are managing these trends then becomes a part of how their overall ESG scores are calculated.
     
  • As part of our Equitics© research, we also produce sector and thematic reports that examine in a more qualitative manner how companies are addressing these long-term trends.

 

How do we consider changing demographics issues :

Our Equitics © methodological framework encompasses ESG themes associated with this challenge.

  • Our Equitics research on Career Management and promotion of employability assesses corporate commitments towards enabling employees, in a transparent framework, to develop their careers and ensure their professional development. This is to ensure the future employability of employees, their adaptation to the changing work environment, their skills development, thereby facilitating labour mobility and anticipating job requirements.
  • Our Non-Discrimination analyses looks at companies’ strategies  to prevent discrimination against  persons on the basis of their age or any familial responsibilities, as well as on the promotion of equality.
  • Each of our sector analytical frameworks includes an analysis of associated challenges for a given industry. For instance:
  1. Our Equitics© research on the Pharmaceuticals & Biotechnology sectors as well as our research on the Health Care Equipment and Services sectors examine how companies are supporting sustainable health care systems and the provision of access to medicines for a growing and ageing population.
  2. Our research on the Food sector examines how companies are supporting the provision of Access to Nutrition for a growing and ageing population.
  3. Our research on the Automobiles sector includes research on how companies make vehicles for persons with reduced mobility (due to age or disability).

 

11.2. Explain how this long term trend affects your product outputs.

In some instances, these trends result in the development of new products for the market, including:

  • indices focused on carbon (bespoke SRI indices set up with clients).
  • portfolio analysis of carbon footprints and physical impacts of climate change. This involves assessment of a company’s approach to prevent, mitigate and adapt to the physical impacts of climate change.
  • screening services focused on issues like GMOs or fossil fuel involvement (screening of companies’ fossil fuel reserves and assessment of the potential emissions embedded).
  • Sustainable Goods and Services research - positive screening that assesses a company’s involvement in products and services with a positive impact on the climate and contributing to climate-related UN SDGs. It provides an evaluation showing what percentage of a company’s activities are contributing to sustainable development (for each company in a specific portfolio).

 

How do we consider Climate Change issues :

  • Energy Transition: Assessment of companies’ strategies to manage the risks and opportunities from the transition to a low-carbon economy.
  • Carbon Footprint: we develop ‘Carbon Footprint’ assessments for all companies in our Universe.
  • For biodiversity, as part of our Equitics © research, we assess  the level at which companies integrate biodiversity management into operational practices. In this regard, all companies are systematically screened for Environmental Impact Assessments that anticipate impacts on wildlife and ecosystems from future operations. We also identify biodiversity impacts at sector/sub-sector level and evaluate the waycompanies work to promote biodiversity with respect to such impacts.

 

11.2. Explain how this long term trend affects your product outputs.

How do we consider Ressource Scarcity issues :

  • As part of our Sustainable Goods and Services Research, we identify companies that develop solutions and products that have a positive impact on environmental challenges, including resource scarcity (detergents that require less water to work effectively, cleaning products that work at lower temperatures, packaging that requires less material inputs etc).
  • As part of our Equitics © research, within our Environment domain we examine how companies manage their impacts on the environment, by optimising and reducing water, energy consumption and managing waste. For relevant sectors we also assess the way they develop eco-design strategies and reduce the impacts linked to the use or disposal of their products.  For instance, in  the Energy sector our analysis of companies examines their level of commitment in the development of renewable energies. In the Chemicals sector, our analysis examines how companies are involved in the development  of so called ‘green’ or ‘bio-based’ chemicals. In the Food sector, our analysis examines how companies are working towards goals like sustainable agriculture and food security.
  • In the Food – Beverage and Tobacco sectors, our analysis examines how companies are working to reduce the level of water used in upstream and downstream operations.
  • We also collect indicators on the exposure of companies’ businesses  to the risk of water scarcity.

 

11.2. Explain how this long term trend affects your product outputs.

How do we consider Technological developments issues :

(a) Data Privacy – this is addressed in multiple sectors in our analysis of Fundamental Human Rights.

(b) Shift to Electric transport – this is addressed in our research of the Automobiles sector.

(c) Hacking of Corporate Information – this is currently available in financial sectors, progressively being introduced into more sectors.

(d)GMOs – we systematically screen all companies for their involvement in GMOs through our Controversial Activity Screening service. Within our Equitics © Research, we analyse the way industries manage societal risks and concerns associated to the use of GMOs (Chemicals, Food and Beverage sectors). 

(e) Nano-Technologies – across a number of our sectors (Chemicals, Pharma, Biotech, Food, Beverage, Tobacco etc.) we examine how companies manage risks related to the use of nanotechnologies for their products and also for the employees involved in manufacturing processes.  

(f) Robotisation – in a number of industrial sectors (Automobiles, Aerospace) we examine the long-term trends towards robotisation of manufacturing processes.

 

          Sustainable Supply Chains
        

11.2. Explain how this long term trend affects your product outputs.

How do we consider Sustainable Supply Chain issues :

As part of our Equitics© research, we analyse multiple dimensions of supply chain sustainability.
Three dedicated criteria within our generic methodology include Sustainable Contractual Relations with Suppliers, the Integration of Environmental Standards into Supply Chains and the Integration of Labour Standards into Supply Chains.

 

          Human rights and Tax Transparency
        

11.2. Explain how this long term trend affects your product outputs.

How do we consider Human Rights and Tax Transparency issues :

In Equitics ©  our methodology on human rights issues is based on international standards and regulations, including the Universal Declaration of Human Rights of 1948, the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights of 1966, the ILO core conventions, as well as more recent texts, such as the UN Guiding Principles of Business and Human Rights endorsed by the UN Human Rights Council in June 2011.
Our research assesses:

  • the extent to which companies comply with their obligation to respect fundamental human rights in society as a whole (such as the right to equality and dignity; the right to life, liberty and security; the prevention of torture or other cruel, inhuman or degrading treatment or punishment; freedom of religion, opinion and expression; the right to privacy, and the rights of indigenous peoples)
  • the extent to which companies respect trade union freedom and collective bargaining rights, and promote collective bargaining rights
  • the extent to which companies  prevent gender discrimination in the workplace and other discrimination regarding work conditions, vocational training, promotion, fees, and other benefits
  • the extent to which companies respect and promote human rights in the supply chain, including fundamental human rights, workers’ labour rights and conditions, as well as the abolition of forced labour and child labour in the supply chain.

Our Equitics © research in the Community Involvement domain analyses the level of transparency of a company’s’ reporting on income taxes, as well as their presence in any offshore financial centres.

 


SG 12. Business certifications/accreditations

12.1. Indicate whether you have obtained any certifications or accreditations related to ESG/RI and your business activities.

          Arista Certification: The agency is certified to ARISTA 3.0®, an external certification imposing high-level quality and transparency standards on research agencies.
        

12.2. Additional information. [OPTIONAL]

http://www.vigeo-eiris.com/wp-content/uploads/2016/08/Certification-ARISTA_2015-2018.pdf


SG 13. Interaction with asset owners

13.1. Indicate whether you interact with asset owner clients.

13.2. Indicate the typical frequency and type of interactions with your asset owner clients.

Type of interaction

Frequency

          On request to present portfolio analysis results, advice, training or research presentation
        

Frequency

          On request to present portfolio analysis results, advice, training or research presentation
        

Frequency

          On request to present portfolio analysis results, advice, training or research presentation
        

Frequency

          On request to present portfolio analysis results, advice, training or research presentation
        

Frequency

13.3. Tick boxes across level of employment of investor contact (C-level, PM etc.) and subject areas typically addressed with the contact(s).

Level of employment

Subject area(s)

          Strategic ESG topics and education, PRI implementation processes, research on RI topics, ESG ratings.
        

Subject area(s)

          Strategic ESG topics and education, PRI implementation processes, research on RI issues, ESG ratings.
        

Subject area(s)

          ESG risks materiality analysis, detailed research on RI topics, ESG ratings and scores.
        

Subject area(s)

          ESG risks materiality analysis, detailed research on RI topics, ESG ratings and scores.
        

Subject area(s)

          ESG risks materiality analysis, detailed research on RI topics, ESG ratings and scores.
        

Subject area(s)

          ESG risks materiality analysis, detailed research on RI topics, ESG ratings and scores, company or sector specific issues (ESG performance and controversies).
        

Subject area(s)

          Reporting on portfolio and sector company performance, update on methodology evolutions.
        

SG 14. Aligning approach with investor goals

14.1. Describe how you align your organisation’s philosophy on and approach to ESG/RI with investor goals.

          Our corporate mission is to promote responsible growth through our products and services: empowering responsible investment and responsible management.

Being aligned to investor needs and fiduciary duty is part of our business model.  

Vigeo Eiris is committed to categorising risks related to ESG, to identifying opportunities for risk management, future value creation and to inform clients on a timely basis about controversies and litigations. All these require research and data that is reliable, up-to-date, accessible, and customisable. As a result, Vigeo Eiris provides research and services adapted to many types of investment
        

14.2. Additional information. [OPTIONAL]


SG 15. ESG recommendations not aligned with investor goals

15.1. Describe what steps you take, if any, when your ESG recommendations are not in line with investor goals.

          Products and services are tailored to investor requirements.  

Whilst investors define how they will integrate our research, and which policies they may wish to build from it, Vigeo Eiris provides advice on these matters as clients request and require. We can also offer bespoke solutions for clients who may be interested in research, criteria or advice beyond the scope of our default offerings.
        

15.2. Additional information. [OPTIONAL]


SG 16. Seeking feedback from clients

16.1. Indicate whether you seek feedback from clients on your RI/ESG services and product offerings

16.2. Describe how you use this feedback on your RI/ESG services and product offerings.

Innovation, trust and dialogue are the foundations of our client relationships. Vigeo Eiris can provide clients with research and services adapted to every responsible and ethical investment approach.

Close contact with our clients informs our understanding of market expectations. A customisable extranet portal for clients ensures fast access, not only our the products, services and publications but also to real time information published by the agency.

Project managers in charge of innovation ensure the diversification of our services to meet the needs of new market segments and to anticipate future needs.

Teams are dedicated to answering to client requests within 48 hours (maximum).


SG 17. Managing conflicts of interest

17.1. Indicate whether your organisation has a policy for managing potential conflicts of interest.

17.2. Describe how you manage potential conflicts of interest.

Vigeo Eiris has established a Code of Conduct, communicated to all employees.

Through its Code of Conduct, Vigeo Eiris applies strict guidelines on work ethics and integrity. In order to prevent situations of conflict of interest, Vigeo Eiris has defined the rule that an analyst/researcher or other employee may not participate in the determination of ratings or other output of assessments and evaluations if the employee:

1. directly owns securities or derivatives of the assessed entity or any related entity. Where such ownership has been declared, he / she must discuss this with his / her line manager and the Compliance Officer, who will decide what action to take. This decision will be recorded by the Compliance Officer.

2. has had an employment or other significant business relationship with the assessed entity within the previous 6 months.

3. has an immediate relation (i.e. spouse, partner, parent, child and sibling) who currently works or has worked within the previous 6 months for the assessed entity.

Any personal relationship with a company that creates the potential for any real or apparent conflict of interest shall be disclosed to the appropriate manager or the Compliance Officer.

Vigeo Eiris reports any real or potential conflicts of interest in a timely, clear, complete, concise and specific manner in its yearly Independence Report to its external ARISTA auditor.

17.3. Describe how you ensure that company employees do not derive any personal gain from the use of information collected during your work process.

The employees of Vigeo Eiris must respect the applicable insider trading regulations.


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