Shareholder Activism

The importance of voting rights

The shareholders, as holders of a portion of the ownership of a company, have the power to influence its decision-making processes by speaking and voting in the assembly.

As responsible investors we believe strongly in the value of this power and we hold speaking in the shareholders’ meeting to be one of the highest forms of engagement activity. This is because it enables us to interact with the Board of Directors and top management on the issues raised during the year through monitoring and dialogue. At the same time it allows us to draw management’s attention to new issues that are particularly important for embarking on a path of improvement from a environmental, share and governance standpoint. We take a constructive approach to voting with respect to the firms and in the interest of Etica Sgr clients.

Long-term value added

We are convinced that shareholder activism represents an important assumption of responsibility by investors, that will deliver value to the investment in the long-term. Promoting growth that takes environmental, social and governance concerns into consideration should allow the companies in which the funds and Sicav sub-funds invest to gain a competitive advantage in the market and create long-term value.

In exercising our shareholder rights we follow our engagement policy operating exclusively in the interest of our subscribers.

Below are some of the results and interventions in shareholders’ meetings in which Etica Sgr has taken part.

This is a marketing communication. The data and information contained herein are provided for information purposes only and do not constitute investment recommendations. This communication is not, and may not be regarded as, an information document required under applicable legislation, and its content is not sufficient to form the basis of an investment decision.

This communication does not take into account in any way the characteristics of any person who may receive or become aware of it. In particular, it does not take into account their investment objectives, knowledge and experience in investment matters, risk appetite and/or any other characteristics, including the applicable tax regime.

Past performance is not indicative of future results, and investments in funds are subject to risks relating to the underlying assets, which may affect the value of the relevant units. Etica SGR provides no guarantee of returns and does not guarantee the repayment of the capital invested. The SGR accepts no liability for any losses that may arise from the use of the information provided in this communication.

In order to make an informed investment decision, before making any final investment decision, investors should consult the Key Information Document (KID) and the funds’ Prospectus available at www.eticasgr.com.

The placement of the “Linea Valori Responsabili” and “Linea Futuri Responsabili” funds is only available in Italy. For further information, please refer to the Italian version of the website.