Etica Funds

“As investors we must be aware of the consequences of the use of our savings and reaffirm the importance of values and ethics in money management.”

From the Political/Strategic Manifesto of the Parent Banca Etica.

Etica Funds was founded with the aim of encouraging families and institutions to invest in those businesses and countries most attentive to the social and environmental consequences of their actions.

In the pursuit of its statutory mission and in its relationships with all stakeholders, Etica Funds sets out to be as economically effective and efficient as possible, while at the same time attentive to governance, social and environmental issues.

• Etica Funds promotes financial investment in the securities of issuers that distinguish themselves for their attention to the social and environmental consequences of their behaviour (Sistema Etica).
• Etica Funds takes an active part, also through its delegates, in the shareholders’ meetings of the businesses in which it invests and exercises the voting rights associated with the securities in its portfolio (shareholder engagement).
• Subscribers to Etica Funds funds may voluntarily devolve one euro in every thousand to a fund dedicated to supporting microfinance and crowdfunding initiatives in Italy (Our impact).
• Etica proposes 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” (ESG Consulting).

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.

“Etica Funds promises 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.
All company activity is characterized by the maximum transparency.”

Article 4 Etica Funds Articles of Association

In the pursuit of its statutory mission and in its relationships with all stakeholders, Etica Funds sets out to be as economically effective and efficient as possible, and responsible and attentive to the governance, social and environmental issues.

All company activity is based on the following key values:

• Responsibility
• Coherence
• Simplicity
• Centrality of, and respect for, the person
• Transparency
• Responsible use of resources