{"id":14087,"date":"2018-05-14T17:14:04","date_gmt":"2018-05-14T17:14:04","guid":{"rendered":"http:\/\/www.eticasgr.com\/blog\/etica-sgr-engagement-voting-and-dialogue-with-companies\/"},"modified":"2024-09-13T09:47:25","modified_gmt":"2024-09-13T07:47:25","slug":"etica-sgr-engagement-voting-and-dialogue-with-companies","status":"publish","type":"post","link":"https:\/\/www.eticasgr.com\/en\/storie\/insights\/etica-sgr-engagement-voting-and-dialogue-with-companies","title":{"rendered":"Etica Sgr engagement, voting and dialogue with companies"},"content":{"rendered":"<p>What is engagement in the world of investment? By the term <strong>engagement<\/strong> we refer to the activity of <strong>dialogue between investors and businesses<\/strong> and the <strong>exercise of voting rights<\/strong> in relation to our equity investments.<\/p>\n<p>The aim of engagement is to establish a continuous and constructive dialogue over time on the questions of <strong>sustainability<\/strong> and <strong>social responsibility<\/strong>.<\/p>\n<p><img class=\"alignright wp-image-11443 size-full lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960.jpg\" alt=\"\" width=\"1946\" height=\"870\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960.jpg 1946w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-300x134.jpg 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-768x343.jpg 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-1024x458.jpg 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-1440x644.jpg 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-400x179.jpg 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/Immagine-12-e1525266635960-800x358.jpg 800w\" sizes=\"(max-width: 1946px) 100vw, 1946px\" \/><\/p>\n<h2>Engagement activities in 2017<\/h2>\n<p>Let us look in detail at how Etica Sgr engagement developed in 2017.<\/p>\n<h3>Voting: shareholder activism<\/h3>\n<p><img class=\"wp-image-15425 size-medium alignright lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Azionariato-attivo-300x250.png\" alt=\"Azionariato attivo di Etica Sgr\" width=\"300\" height=\"250\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Azionariato-attivo-300x250.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Azionariato-attivo.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>In 2017 Etica Sgr directed its shareholder activism at<strong> 17 firms<\/strong>, of which 11 Italian, 3 Japanese and 3 American. Etica Sgr is committed to physically attending the shareholders&#8217; meetings of all Italian companies in which its funds invest. This is a vital aspect of building an increasingly fruitful dialogue with the boards of directors.<\/p>\n<p>Particular attention was given to the sphere of governance in relation to the following issues:<\/p>\n<ul>\n<li><strong>Gender diversity<\/strong> in terms of the number of women on boards of directors;<\/li>\n<li><strong>Remuneration policy<\/strong>;<\/li>\n<li><strong>Independence<\/strong> of the members of the <strong>Board of Directors<\/strong>;<\/li>\n<li>Policy on <strong>dividends<\/strong>;<\/li>\n<li><strong>Purchase of own shares<\/strong>.<\/li>\n<\/ul>\n<h3>Dialogue with the companies<\/h3>\n<p><img class=\"wp-image-15422 size-medium alignright lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Dialogo_diretto-300x250.png\" alt=\"Dialogo diretto di Etica Sgr\" width=\"300\" height=\"250\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Dialogo_diretto-300x250.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/10\/Dialogo_diretto.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Etica Sgr&#8217;s dialogue activities set out to <strong>influence and drive businesses towards best practices and sustainable behaviours<\/strong>.<\/p>\n<p>This is why activism is not limited to the companies in which the funds invest or which make up the Investable Universe.<\/p>\n<p>Dialogue can go beyond this to involve other firms, especially together with international networks of responsible investors with whom Etica Sgr collaborates. The strategic areas of dialogue that Etica Sgr has identified are:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Climate change.<\/li>\n<li>Human rights in the supply chain.<\/li>\n<li>Tax optimization.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 style=\"text-align: left;\">Why does Etica Sgr believe in engagement?<\/h2>\n<p>Etica Sgr has always been committed to furthering <strong>sustainable and responsible investment<\/strong> and views engagement as an indispensable and strategic part of its work. Engagement is not limited to the shareholders\u2019 meetings at which we exercise our voting rights, but is built by continual dialogue throughout the year. We use precise targets to measure progress over time, through a patient process of <strong>pointing out to firms the opportunities, even in business terms, of increasingly responsible behaviour<\/strong>, adapting corporate practices to ongoing environmental and social change.<\/p>\n<p><img class=\"alignnone size-full wp-image-11502 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement.png\" alt=\"engagement\" width=\"100%\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement.png 1661w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-300x157.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-768x403.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-1024x538.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-1440x756.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-400x210.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/engagement-800x420.png 800w\" sizes=\"(max-width: 1661px) 100vw, 1661px\" \/><\/p>\n<p>Our efforts are aimed primarily at <strong>urging them to think about and act on environmental, social, governance issues<\/strong>, and for this reason we try to take the path towards improvement together with our corporate interlocutors. This is especially important today, when governments, companies and the public are called to do more to achieve sustainable development.<\/p>\n<p>The importance of this area for Etica Sgr was confirmed by the creation in 2018 of the <strong>Corporate Engagement and Network Manager<\/strong> to oversee the work on sustainability carried out by Etica Sgr either independently or together with the national and international networks to which it belongs.<\/p>\n<h2>Etica Sgr, engagement and SDGs: united we are stronger<\/h2>\n<p>At <strong>2017 shareholders\u2019 meetings<\/strong> Etica Sgr chose for the first time to <strong>associate<\/strong> the issues addressed in our engagement activity with the <a href=\"https:\/\/www.unric.org\/it\/agenda-2030\">United Nations Sustainable Development Goals<\/a> to try and stimulate dialogue with firms on the broader, globally shared question of <strong>sustainable development<\/strong>.<\/p>\n<p>These Goals commit the governments of the 193 Member States of the United Nations to promote sustainable development around the planet, touching issues such as health, education, gender equality, combating famine and poverty and environmental safeguards.<\/p>\n<p><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743.jpg\"><img class=\"aligncenter wp-image-11379 size-full lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743.jpg\" alt=\"SDGs\" width=\"100%\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743.jpg 1896w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743-1440x456.jpg 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743-400x127.jpg 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/04\/SDGs_logos_banner-e1524579784743-800x253.jpg 800w\" sizes=\"(max-width: 1896px) 100vw, 1896px\" \/><\/a><\/p>\n<h2 style=\"text-align: left;\">What are the main issues tackled by Etica Sgr?<\/h2>\n<p style=\"text-align: left;\">To learn more, click on the following items.<\/p>\n<div class=\"accordion-title\" style=\"text-align: left;\">Corporate governance<\/div>\n<div class=\"accordion-content\" style=\"text-align: left;\">\n<p>The question of <strong>corporate governance<\/strong> covers issues such as the independence of the Board of Directors, the separation of the Chairman of the Board and the Chief Executive Officer\/Managing Director, the gender diversity of the board and remuneration systems.<\/p>\n<p>These issues are central to Etica Sgr&#8217;s analyses because a well governed company is more likely to achieve strong financial results in the long-term.<\/p>\n<h3>GOAL 5: Gender equality<\/h3>\n<p><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05.png\"><img class=\"alignleft wp-image-11684 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-05-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><strong>Achieve gender equality and emancipate all women and girls. <\/strong>The principal barrier to change is the persisting gender gap, seen in the fact that women are often still under represented in managerial positions or paid less for doing the same job.<\/p>\n<h3>GOAL 8: Decent work and economic growth<\/h3>\n<p><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png\"><img class=\"wp-image-11687 alignleft lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/p>\n<p><strong>Incentivise lasting, inclusive and sustainable economic growth, full and productive employment and decent jobs for everyone.<\/strong><br \/>\nRegarding Sustainable Development Goal number 8, Etica Sgr has been actively involved in the governance issues relating to corporate remuneration.<\/p>\n<h3>GOAL 12: Responsible consumption and production<\/h3>\n<p><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12.png\"><img class=\"wp-image-11691 alignleft lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-12-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/p>\n<p><strong>Ensure sustainable consumption and production patterns.<\/strong> One of the aims of Sustainable Development Goal number 12 is to encourage businesses, in particular large multinationals, to include information on sustainability in its annual statements.<\/p>\n<\/div>\n<div class=\"accordion-title\" style=\"text-align: left;\">Commitment to tackling climate change<\/div>\n<div class=\"accordion-content\" style=\"text-align: left;\">\n<p>Etica Sgr has long taken an active interest in climate change, excluding from its investments those industries with a particular impact in terms of gas emissions such as petroleum or mining, <strong>preferring to invest in environmentally friendly companies<\/strong>. Etica Sgr&#8217;s engagement activity reinforces and amplifies its efforts as a sustainable and responsible investor, encouraging the companies in which it invests to adopt more efficient strategies in line with the Sustainable Development Goals linked to climate change.<\/p>\n<h3>GOAL 6: Clean water and sanitation<\/h3>\n<p><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06.png\"><img class=\"wp-image-11685 alignleft lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-06-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Ensure that sustainable water management and hygiene\/sanitation systems are available to everyone.<\/strong> The United Nations is calling for a more responsible use of water resources. The goal is to achieve adequate and fair access to hygiene and sanitation for everyone, reduce pollution and protect and restore water-related ecosystems.<\/p>\n<h3>GOAL 13: Climate Action<\/h3>\n<p><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13.png\"><img class=\"alignleft wp-image-11692 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-13-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Promote action to combat climate change at every level.<\/strong> Climate change is a global challenge that knows no bounds. Greenhouse gas emissions caused by human activity are currently at their highest levels in history. Against this background Etica Sgr is committed to driving companies towards a low carbon economy, pressing for emissions reporting and reduced consumption, and the development of renewable energies.<\/p>\n<h3>GOAL 15: Life on land<\/h3>\n<p><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15.png\"><img class=\"alignleft wp-image-11677 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-15-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Protect, restore and encourage sustainable use of the ecosystem and forest management, combat desertification, arrest land degradation, and halt biodiversity loss.<\/strong> The United Nations believes that it is important to mobilize sizeable financial resources to preserve biodiversity and ecosystems. Etica Sgr is therefore urging companies to adopt responsible wood procurement policies, reduce deforestation by suppliers of palm oil and policies that are friendly to wild animals.<\/p>\n<\/div>\n<div class=\"accordion-title\" style=\"text-align: left;\">Human rights in the supply chain<\/div>\n<div class=\"accordion-content\" style=\"text-align: left;\">\n<p>The question of human rights is of vital importance, especially in countries with slack legislation, where many businesses often operate through their suppliers. Etica Sgr has always focused attention on respect for human rights in the selection and monitoring of the supply chains of the businesses in which it invests. Engagement activism tries to raise awareness among company boards of the values of social and environmental responsibility also with respect to their suppliers. It is important to incentivise the monitoring of internal processes through for example supply chain audits to prevent episodes of discrimination or exploitation like child or forced labour.<\/p>\n<h3>GOAL 8: Decent work and economic growth<\/h3>\n<p><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png\"><img class=\"alignleft wp-image-11687 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-08-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Incentivise lasting, inclusive and sustainable economic growth, full and productive employment and decent jobs for everyone.<\/strong> For Etica Sgr a sustainable supply chain is both necessary and at the same time extremely rewarding. Etica Sgr occupies the front line in campaigns against human rights violations, drawing firms&#8217; attention to their supply chain policies and recruitment practices to protect respect for the environment and human rights along the whole chain.<\/p>\n<h3>GOAL 16: Peace, justice and strong institutions<\/h3>\n<p><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16.png\"><img class=\"wp-image-11678 alignleft lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-16-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Promote peaceful and more inclusive societies for sustainable development; offer access to justice for all and create efficient, responsible and inclusive bodies at every level.<\/strong> The United Nations is calling for governments to reduce illicit flows of finance and weapons and step up measures to combat all forms of organized crime by 2030. It is vital that national institutions are strengthened, even through international cooperation, to enable them to prevent violence and combat terrorism and crime.<\/p>\n<\/div>\n<div class=\"accordion-title\" style=\"text-align: left;\">Tax optimization<\/div>\n<div class=\"accordion-content\" style=\"text-align: left;\">\n<p>Investors are increasingly taking an interest in the conduct of the companies in which they invest. As a consequence, companies have a strategic interest in reconciling economic growth with a fair distribution of resources, managing their tax affairs transparently and in accordance with the law, adequately rewarding all stakeholders, and fully disclosing all their activities.<\/p>\n<h3 style=\"text-align: left;\">GOAL 10: Reduced inequality<\/h3>\n<p style=\"text-align: left;\"><strong><a href=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10.png\"><img class=\"alignleft wp-image-11689 lazyload\" data-src=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10.png\" alt=\"\" width=\"140\" height=\"140\" srcset=\"https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10.png 1536w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-150x150.png 150w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-300x300.png 300w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-768x768.png 768w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-1024x1024.png 1024w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-1440x1440.png 1440w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-400x400.png 400w, https:\/\/www.eticasgr.com\/app\/uploads\/2018\/05\/E_SDG-goals_icons-individual-rgb-10-800x800.png 800w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><\/strong><\/p>\n<p><strong>Reduce inequality within and among countries.<\/strong> Reducing national and international inequality is probably one of the world&#8217;s most challenging goals, because the poorest countries have few means available to improve their situation. Sustainable Development Goal 10 draws attention to this issue measured by various indicators including the social, economic and political inclusion of citizens. Reducing inequality is also especially important in that, beyond a certain threshold, it is damaging to economic growth.<\/p>\n<\/div>\n<div><\/div>\n<p>&nbsp;<\/p>\n<p>Do you want to find out more? Download the complete Engagement Report.<br \/>\n<div class='w3eden'><!-- WPDM Link Template: Default Template Giallo-->\r\n<div class=\"download-file download-file-yellow\">\r\n\t<a href=\"https:\/\/www.eticasgr.com\/en\/download\/engagement-2018?wpdmdl=11292&refresh=6a6c59cd6ca9f1785485773\" target=\"_blank\" class=\"download-file_link\" data-title=\"Engagement Report 2018\">\r\n\t\t<p class=\"download-file_text\">Engagement Report 2018<\/p>\r\n\t\t<span class=\"download-file-icon\">\r\n\t\t\t<span class=\"fonticon icon-download\"><\/span>\r\n\t\t<\/span>\r\n\t<\/a>\r\n<\/div>\r\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is engagement in the world of investment? By the term engagement we refer to the activity of dialogue between investors and businesses and the exercise of voting rights in relation to our equity investments. The aim of engagement is to establish a continuous and constructive dialogue over time on the questions of sustainability and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[590],"tags":[11236,1016],"yst_prominent_words":[1113,1123,1121,1114,5205,1108,1110,1112,1118,1115,1120,612,1117,1111,1119,1116,1122,1109,1124,1125],"class_list":["post-14087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","tag-engagement-report-en","tag-esg-en","temi-engagement-en"],"_links":{"self":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/14087"}],"collection":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/comments?post=14087"}],"version-history":[{"count":6,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/14087\/revisions"}],"predecessor-version":[{"id":54545,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/posts\/14087\/revisions\/54545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/media\/21599"}],"wp:attachment":[{"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/media?parent=14087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/categories?post=14087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/tags?post=14087"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.eticasgr.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=14087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}