Shareholder Impact

Engagement methodology

 

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

 

This engagemet is reflected in the dialogue with the directors of the listed companies and active participation in annual general meetings that may include the registration of resolutions on controversial issues. Phitrust believes in dialogue that allows for constructive collaboration with the directors of listed companies. The initiative process takes place every year in three stages, the first two stages not being known to the general public..

The selection of initiatives

 

 

Definition and revision of the principles adopted by the UCITS

 

Analysis of environmental, social and quality of governance strategies of portfolio companies

 

Proposal of one or more initiatives per company by the Fund Technical Committee

Presentation of initiatives to the companies

 

 

Sending a letter to the presidents of the portfolio companies

 

Meeting with the directors about the different initiatives proposed

 

Analysis of responses from directors on these proposals

Participation in the annual general meeting

 

 

Decision of the investors represented on the Board of the open-end investment company of the public shares to be implemented within the companies

 

Mobilisation of the investor community and publicity campaign about the project

 

Shaping the initiative in accordance with the legal provisions

 

Attending annual general meeting: presentation and voting on the resolution, written questions, oral questions

News

[Press Release] Danone, is there a hidden agenda

[Press Release] Danone, is there a hidden agenda

Following the decision of Danone's Board of Directors to separate management functions between a non-executive chairman, Emmanuel Faber, and a Chief Executive Officer to be recruited, the Board reaffirmed its support for the "Local first" plan presented in November 2020.

[Press Release] Stellantis (result from the merger of the PSA and FAC groups), an unjustified 50-50 merger

[Press Release] Stellantis (result from the merger of the PSA and FAC groups), an unjustified 50-50 merger

The Extraordinary General Meeting of January 4, 2021 will decide on the conditions of the merger of the automotive groups PSA and FCA. Phitrust draws the attention of the shareholders to the conditions of this “50-50 merger”.

[Press Release] Phitrust Active Investors France becomes the first shareholder engagement fund to obtain the French SRI label

[Press Release] Phitrust Active Investors France becomes the first shareholder engagement fund to obtain the French SRI label

The French SRI Label Committee thus underlines the impact of the shareholders’ engagement strategy as a responsible investment approach

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