Our expertise
Shareholder engagement
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.
Measuring impact
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
1 665
private initiatives presented to executives and boards of directors
40
public initiatives (oral and written questions in annual general meetings)
39
external resolutions filed since 2004
1,71%
outperformance versus CAC 40 div. reinv. since 2011
14
years of constructive dialogue with the heads of European listed companies
With social enterprises in 2016
91 116
jobs created or enabled
4 235
socially inclusive jobs
604
jobs for people with disabilities
113 034
tonnes of CO2 emissions avoided
87 761
micro entrepreneurs supported
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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.
News
The takeover of Alstom by Siemens presented as 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.
Carrefour: governance remains to be improved
Phitrust has put at Carrefour’s AGM agenda several written questions concerning Governance issues.
Phitrust submits written questions for the Carrefour and Renault AGM
In addition to Phitrust’s campaign on the « Science Based Targets » initiative, in which Carrefour and Renault are both committed, the Mutual fund (SICAV) Phitrust Active Investors France has submitted several written questions to the board of directors concerning the governance of both companies.