Shareholder Impact

Specializing in corporate governance issues, Phitrust is the only independent French management company to assume its role as an active, responsible and long-term shareholder directly with the managers of large companies.

Our commitment

Individuals and legal entities want to make their voices heard by companies and push their convictions on the environment, society and ethics. By acting as citizens, consumers … and responsible investors.

Active and constructive shareholder engagement is the means to act concretely on corporate governance and influence their strategic decisions, their environmental and social practices.

Why act on the strategic governance of large companies?
We are convinced of the growing and central matter that corporate governance is. Balanced governance, respectful of the consideration of the interests of each of the stakeholders, guarantees the long-term success of a business and the confidence it inspires. Good governance offers more chances for success in environmental and social dialogue.

Our added value

> Unique expertise in active and constructive shareholder engagement

> A proven track record

> An ability to mobilize the investment community thanks to our independence

> A strategy of long-term investors, far from short-term activism

> Expertise of whistleblower and relay to public debate

Our funds

Products NAV 2020 Monthly factsheet KIID
Phitrust Active Investors France (C) NAV220.30 2020-18,19% Monthly factsheet KIID
Phitrust Active Investors France (A) NAV110.14 2020-18,58% Monthly factsheet KIID
Phitrust Active Investors France (D) NAV149.46 2020-20,48% Monthly factsheet KIID
Phitrust Active Investors Europe (C) NAV92.43 2020-1,73% Monthly factsheet KIID
Patrimoine Active Investors NAV109.98 2020-2,17% Monthly factsheet KIID

Our investment strategy

Phitrust Active Investors is a pioneer in shareholder engagement in France, promoting the best practices of listed companies in terms of governance, respect for the environment and social cohesion, and thus reconciling financial performance with positive impact of companies on society.

Phitrust manages a range of mutual funds and open-end investment companies which are invested in European equity markets on behalf of institutional and private investors. Phitrust has implemented management, quantitative and qualitative methodologies, based on commitment and impact that favour companies which have good Environmental, Social and Governance (ESG) practices and are willing to improve them by accepting dialogue with shareholders. Phitrust dialogues with companies listed on the CAC 40 and Eurostoxx indices, actively participates in their Annual General Meetings and exercises its voting rights.

Engagement methodology

 

INVESTING IN COHERENCE WITH ITS VALUES

 

Phitrust engages actively with companies in its portfolios with the aim to making progress in controversial areas and improving their governance, environmental and societal practices.

This commitment is reflected in the dialogue with the executive management of the emerging companies and active participation in shareholders meetings that may include registering resolutions on controversial issues.

Principles of engagement

 

RESPONSIBLE AND COMMITTED SHAREHOLDERS

 

We have adopted the principles published by major international investors and the associations of which we are members, including the International Corporate Governance Network (ICGN) and the French Asset Management Association (AFG).

We focus our shareholder engagement policy around the three ESG themes: Environment, Social and Governance.

Our voting policy

 

Our voting policy is implemented in line with our principles. We participate or are represented at all the Annual General Meetings of the companies in which we invest.

Public offering imposes on companies a duty of transparent communication and fair treatment of their shareholders for the medium and long term, and to submit accounts at the annual general shareholders meeting. Shareholders can then collectively support or reject the resolutions presented.

After having defined with each of our investors a voting policy corresponding to its principles, Phitrust makes a recommendation to those who wish to participate in resolutions or amendments that have been previously discussed with each company.

These initiatives may include changes to be made by the board of directors (incentive initiatives) or a change in statutes (change initiatives).

Engagement themes

Fairness between shareholders:
respect of the “one share – one vote” principle


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No measures
protecting the firm’s capital


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Separation of management functions


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Executive compensations


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Business ethics


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The 45 resolutions filed by Phitrust

Our network

Socially responsible investment consulting

 

For Phitrust, any investment strategy has to be defined according to the financial objectives you have set for yourself, as well as the ESG impact objectives that you have defined elsewhere.

 

We can help you to:

 

define the extra-financial principles and criteria that you would like to include in your investment strategy;

identify the impact on your investment policy if these criteria were already incorporated into your existing strategy;

measure associated risks to your investment strategy if these principles were not respected;

define the constraints to include in your specifications for the implementation of your investment strategy;

measure the results of the implementation of these principles and their impact, positive or negative;

choose fund managers with strategic plans that meet your objectives.

News

[Societal Impact] Phitrust is proud to participate to the realisation of the last GIIN’s Understanding Impact Performance report dedicated to Financial Inclusion

[Societal Impact] Phitrust is proud to participate to the realisation of the last GIIN’s Understanding Impact Performance report dedicated to Financial Inclusion

The Understanding Impact Performance: Agriculture Investments and Understanding Impact Performance: Financial Inclusion reports analyze the impact performance of agriculture and financial inclusion impact investments and showcase the real-world results associated with impact investments.

Phitrust receives the Special Investor Award at the 4th edition of the Grands Prix du Business and Responsible Governance Awards

Phitrust receives the Special Investor Award at the 4th edition of the Grands Prix du Business and Responsible Governance Awards

"Les Rencontres du Capitalisme Responsable", during which the 4th edition of the "Grands Prix du Business et de la Gouvernance Responsables" was held today, organized under the aegis of the French Ministry of the Economy, Finance and Recovery, awarded the Grand Prix to the Atos Group and the Special Investor Award to Phitrust for their most outstanding practices in governance and business.

[Societal Impact] [Event] Social Innovation Tournament – Final on Octobre 8th!

[Societal Impact] [Event] Social Innovation Tournament – Final on Octobre 8th!

On the 8th of October, Europe’s 15 best social entrepreneurs take the stage at the Social Innovation Tournament. Register now!!

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