In May 2013 Etica Sgr, together with a group of investor members of the PRI, sent a letter to some UK companies belonging to the FTSE 100 with the aim of raising the awareness of UK companies about disclosure in relation to funding and donations to political parties and membership in political lobbies. The letter asked the UK companies for greater transparency in the reporting of payments made and membership in political lobbies, including based upon the Code of Ethics adopted by those companies.
The initiative, organised by Boston Common Asset Management and Sarasin, will be implemented with the presentation of motions in the shareholders’ meetings of the companies. In addition, all the companies that have had disputes with ALEC (American Legislative Exchange Council) will be involved.
On 3.6.2013 the letter was sent to 29 companies of the FTSE 100, which had an item regarding donations to political parties in the shareholders’ meeting agenda.
At 3.6.2013, 32 investors, representing 211 billion dollars, had joined the initiative.
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.
Social and governance
