For the first time, on April 30, 2014, Etica Sgr voted at the Shareholder General Meeting of Campari, an Italian beverage company that produces alcoholic beverages and soft drinks.
With the support of some socially responsible investors such as the American CREA and Boston Common Asset Management, Etica Sgr attended the general meeting to stress the management on some environmental, social and governance (ESG) issues.
Etica Sgr voted for the approval of the financial statements and the allocation of income, while abstained from the other items in agenda. Etica Sgr, in its speech, encouraged Campari to consider the publication of a sustainability report, which could disclose information relevant to all the stakeholder of the Company. Etica Sgr focused also on Campari’s need of developing a specific environmental policy that could result, in line with the principles of the “Quality, Health, Safety and Environment” report of the Company, in obtaining the ISO 14001 certification for the majority of its plant. Etica Sgr asked Campari to take part in the different initiatives of the Carbon Disclosure Project (CDP) about Climate Change, supply chain monitoring and water management of its the manufacturing processes. We also underlined that Campari should continue its proactive approach to prevent the abuse of alcoholic beverages. Regarding the compensation policy, Etica Sgr demanded an higher detail of the indicators underlying the variable part of the remuneration and the grant of stock options, we also asked the Company to introduce social and environmental targets in their remuneration scheme.Engagement Italian companies