Phitrust Active Investors favours companies with good ESG practices who listen to their shareholders, combining engagement and financial performance.
Supporting social entrepreneurs
Phitrust Partenaires invests in companies that value both financial profitability and measurable response to a social or environmental issue.
Measurement criteria are defined at the initial stage of the investment. Phitrust carries out annual reviews to assess the level of impact achieved by each project.
Financing innovative companies
Phitrust Innovation invests in innovative companies offering social and environmental solutions.
Engaged and responsible shareholders
Among listed companies
private initiatives presented to executives and boards of directors
public initiatives (oral and written questions in annual general meetings)
external resolutions filed since 2004
outperformance versus CAC 40 div. reinv. since 2011
years of constructive dialogue with the heads of European listed companies
With social enterprises in 2016
jobs created or enabled
socially inclusive jobs
jobs for people with disabilities
tonnes of CO2 emissions avoided
micro entrepreneurs supported
Phitrust encourages CAC 40 Companies to join the “Science Based Targets” initiative
Phitrust, along with the investors of the Phitrust Active Investors France fund, has sent written questions to the executive boards of 34 companies listed on the CAC40 index in preparation of their 2018 Annual General Meetings, encouraging their participation in the Science Based Targets initiative.
At a General Meeting held on 17 July 2018, the shareholders voted in favour of the acquisition of Alstom by Siemens. What a pathetic decision, when at the announcement of the discussions with Siemens the executives and the board of directors sold the idea of a “merger between equals”!
Without contesting the strategic interest of the merger between these firms, this operation being presented as a merger “between equals” which is – if it is approved in these conditions – a takeover of Alstom by Siemens, and harms the minority shareholders with an insufficient control premium and is unsatisfactory in terms of governance.
Once again this year, executive compensation has created a media buzz about some emblematic cases, because they are too decorrelated from the economic and social reality of the company.