Engagement

Stewardship Report 2024 is the name of the document that analyzes the results of the dialogue with management, of the active shareholding carried out with the companies in which Etica’s funds invest and of the advocacy activity carried out with governments, regulators and standard setters. At Etica we promote a model of responsible development, starting […]

Fiscal transparency: in June 2022, Etica Funds, Greater Manchester Pension Fund and Missionary Oblates filed a motion with shareholders of Cisco Systems. The fiscal transparency motion presented to Cisco The proposal calls for the company to publish a tax transparency report aligned with the GRI Tax Standard, including a tax strategy and a country-by-country breakdown […]

Engagement Report 2021 is the name of the document which analyses the results achieved through our dialogue with the management and voting at shareholder meetings of companies in which Etica Funds invests. What does engagement mean? It is “the process through which the investor initiates structured dialogue with the management of the subsidiary company (and/or company […]

Biodiversity, or biological diversity, refers to the variety of living organisms existing in a given environment. It includes the entire biological variability of genes, animal species, ecological niches and ecosystems. Etica is one of the co-signatories of a letter calling on States who are party to the Convention on Biological Diversity (CBD) to develop a […]

Medical leave for yourself and for family members: Etica is one of the co-signers of an engagement initiative addressed to the United States Congress to support a law that regulates so-called Paid Family and Medical Leave at a federal level. The letter was signed by approximately 100 investors – including asset management companies, pension funds, state treasuries and asset managers […]

Etica Sgr’s voting For the following items, Etica Sgr did not vote according to management recommendations: 2. Allocation of profits and losses for the year; inherent and consequent resolutions. Etica Sgr abstained, because the dividend payout ratio was significantly higher than the benchmark threshold considered in relation to the provisions of the Engagement Policy. 4.Authorisation […]

Etica Sgr’s voting For the following items, Etica Sgr did not vote according to management recommendations: 2. Proposal for the allocation of profits and losses for the year. Inherent and consequent resolutions. Etica Sgr abstained. From a long-term perspective, the dividend payout ratio was deemed to be excessive, in relation to the simultaneous share buyback […]

Etica Sgr’s voting On the following points Etica Sgr has expressed a vote not in line with management’s recommendations: 3. Report on the remuneration policy and compensation paid: resolutions relating to the first section– Remuneration policy. Etica Sgr voted against, because not all the requirements in the Engagement Policy have been met. In particular, it […]

Etica Sgr’s voting On the following items, Etica Sgr has made a vote that does not comply with management recommendations: 2.1. Report on remuneration policy and amounts paid: approval of the remuneration policy under Art. 123-ter, paragraph 3-ter, of Law Decree n° 58/1998 Etica Sgr voted against, because not all the requirements in the Engagement […]