Shareholder Impact

Principles of engagement

 

 

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 (Association française de la gestion financière – AFG). We are members of these associations.

 

The framework of our action is defined in our responsible investor charter which is based on the principles of excellence, transparency, long term action, dialogue and independence.

 

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

Environment

 

Consideration of environmental issues within the corporate strategy

 

Environmental reporting: communication of consumption thresholds of electricity/water and measurement of CO₂/waste production

 

 Independent external auditing

 

 Setting targets to be achieved, in particular within the framework of the United Nations 2 Degrees Scenario

 

 Monitoring the achievement of these targets

 

The risks to public health

Social

 

Taking social issues into account in the company’s development strategy

 

Safety at work

 

Well-being of employees

 

 Development of relations with stakeholders (suppliers, customers, civil community, etc.)

 

 The development of solidarity projects:

 

     → Development of actions through foundations and grants from associations

 

     → Creation of products adapted to the needs of the poorest

Governance

 

The rights of shareholders in general shareholders meetings: based on the principle of “one share – one vote”

 

 The management of corporate or supervisory boards: separation of powers, independence of the board and respect for the rights of minorities

 

 The association of directors and employees in the capital: transparency and fairness of remuneration

 

 The distribution of results and the use of own funds: sound management of own funds

 

 The accounts and management approval: integrity of accounts and information

 

 The shifts in the share capital : justified and equitable capital transactions proposed to the shareholders

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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