We are an asset management company (SGR) that exclusively offers ethical and responsible mutual funds designed to “represent the values of ethical finance in financial markets and focus the attention of the public on socially responsible investment and corporate social responsibility” (Art. 4 Etica Funds articles of association).
Company profile
Etica Funds was founded in 2000 on the conviction that analyzing issuers (businesses and countries) from an ESG viewpoint can deliver greater value in terms of performance. Etica sustains a constant dialogue with the management, and exercises its voting rights in the shareholders’ meetings, of the companies in which its funds invest, in order to urge companies towards more responsible behaviour and help them achieve this goal.
By embracing ESG criteria, codified in a transparent and rigorous methodology we are able to manage risk more effectively and seize interesting investment opportunities.
Etica Sgr was the first Italian asset management company to sign the United Nations Principles for Responsible Investment (PRI) in 2009.
Mission
“We promote a sustainable development model through the values and tools of Ethical Finance.”
From Etica Sgr’s Social Responsibility Policy
Etica Sgr was founded with the aim of directing the financial investments of households and institutions toward companies and governments that are more attentive to the social and environmental consequences of their actions, without compromising return expectations consistent with the risk profile.
In pursuing its corporate purpose and managing relationships with all stakeholders, Etica Sgr seeks to be economically effective and efficient, while also being responsible and attentive to governance, social issues, and the environment.
- Etica Sgr promotes financial investments in securities issued by entities that stand out for their attention to the social and environmental impact of their conduct (Etica System).
- Etica Sgr engages in dialogue with the companies in which its funds invest, exercises voting rights attached to portfolio securities, and conducts advocacy with governments, regulators, and standard setters (Stewardship).
- Investors in Etica Sgr’s funds have the option to voluntarily donate one euro for every thousand invested to a fund dedicated to supporting microfinance and crowdfunding initiatives in Italy (Our Impact).
- Etica Sgr aims to represent the values of ethical finance in the financial markets and to raise awareness among the public about socially responsible investing and corporate social responsibility (ESG Advisory).
Vision
“Over time, the financial market will increasingly move toward a genuine integration of social and environmental criteria into financial management, and individuals will also become more aware of the sustainability of their choices.”
From Etica Sgr’s Social Responsibility Policy
Etica Sgr works to promote more active engagement by financial intermediaries in their role as responsible shareholders, because finance plays a fundamental role in helping to make the world fairer and more sustainable. Looking ahead, individuals will also adopt a more sustainability-oriented approach and will be encouraged to make more conscious decisions to improve the environmental and social impact of their choices and activities.
Values
“The guiding values stem both from being part of the Banca Popolare Etica Group and from Etica Sgr’s direct commitment to promoting socially responsible investing.”
From Etica Sgr’s Social Responsibility Policy
The company’s actions are based on the following values:
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Responsibility
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Consistency
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Simplicity
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Centrality and respect for the individual
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Transparency
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Responsible use of resources
Articles of association
Etica Sgr aims to represent the values of ethical finance in financial markets and to raise public awareness of socially responsible investing and corporate social responsibility. The Company’s activities are guided by the highest standards of transparency.
Art. 4 – Etica Sgr Bylaws
Etica’s Articles of Association specify:
- The constitution of the company, its name, head offices, scope, group membership, its purpose and duration;
- The share capital, assets, equities, as well as the board of directors approval of transfers of shares or options for whatever reason and the eventual withdrawal of shareholders;
- The procedures for convening a shareholders’ meeting, the right to speak and representation;
- The administration model, the rules, powers and roles of the Board of Directors;
- The composition of the Board of Statutory Auditors and the accounting controls;
- The accounting principles and the destination of profits;
- The rules for the winding up and liquidation of the company.
The current Articles of Association were approved by the Extraordinary Shareholders’ Meeting of 27 May 2020.
Company data
| Company name | Etica Sgr S.p.A. |
|---|---|
| Head Office | Via Napo Torriani, 29 – 20124 Milano Tel. 02.67071422 – Fax 02.67382896 |
| Website | www.eticasgr.it |
| Contacts | How to contact us |
| Company constitution | 5 December 2000 |
| Share capital | 4,500,000 euros. Company under the management and coordination of Banca Popolare Etica |
| Tax and VAT no. | 13285580158 |
| Registered with the Bank of Italy | OICVM no. 32 Asset Manager section |
| R.E.A. | MI-1634082 |
| Products | Sustainable and responsible mutual funds – Sistema Etica |
| Activities | Investment management services pursuant to Article 33 of D. Lgs. no. 58 of 24/02/1998 (TUF) |
| Services | Consulting services for institutional clients |
| Shareholders | • Banca Etica (51,47%) • Banco BPM (19,44%) • BPER Banca (10,00%) • Banca Popolare di Sondrio (9,87%) • Cassa Centrale Banca-Credito Cooperativo Italiano (9,22%) |
| Assets at 31/12/2023 | 7.4 billion euros |