BPCE - 2020 Universal Registration Document

NON-FINANCIAL PERFORMANCE STATEMENT

SUPPORTING THE ENERGY, ECOLOGICAL AND SOCIAL TRANSITION IN LOCAL REGIONS

EXCLUSION POLICIES Exclusion policies of a societal nature: Natixis has adopted exclusion policies for sectors and issuers that do not respect certain human rights and fundamental principles of corporate responsibility. DNCA, Ostrum AM, Mirova, Seeyond, Thematics AM, Ossiam and Natixis Assurances, in particular, apply these policies to their management; this approach is fully in line with the fiduciary responsibility towards their clients. The following are excluded: controversial weapons; • tobacco (1) ; • companies deemed the worst offenders (companies that do • not observe the principles of the United Nations Global Compact or the OECD Guidelines for Multinational Enterprises) (2) ; Blacklisted countries (included on the FATF list or under US or • European embargo). Ostrum AM, Mirova, Seeyond, DNCA, Thematics AM, Dorval and Ossiam have placed engagement with issuers at the heart of their responsible investor approach. Ongoing constructive dialog is established with investee companies to encourage them to take better account of environmental, social and governance issues in their strategic planning. Their voting and engagement policies are based on two complementary principles: VOTING AND ENGAGEMENT POLICIES Voting and engagement policies

individual ongoing engagement by using voting rights and • maintaining dialog with issuers; collaborative engagement alongside other investors aimed at • raising awareness of the importance of ESG among issuers, government authorities and regulators. In 2020, DNCA supported two new commitments related to climate change: CA100+ and the SBTi campaign of CDP, while Ostrum supported several new commitments on the traceability of livestock supply chains (3) . Naxicap Partners After performing pre-investment ESG audits, Naxicap Partners systematically includes an ESG clause in its shareholders’ agreements. This clause includes a commitment by the company to implement a detailed action plan and provide regular information and responses to ESG questionnaires (120 indicators). Naxicap Partners works with the management of the companies in its portfolio to establish a plan to reduce greenhouse gas emissions and adapt to climate change. In 2020, Naxicap set up a CSR Committee to assess the degree of progress of the ESG action plans and the support needs of portfolio companies. This systematic and regular review of the portfolio aims to better target short- and long-term equities and to provide investment teams with ESG mapping of the companies in the portfolio. Depending on the results and where applicable, more operational support is offered to these companies, whether conducted by the Naxicap ESG team or by external service providers. With regard to voting rights, the asset management company systematically participates in the General Meetings of companies in which the investment vehicles under management hold stakes. Failing that, it entrusts a proxy to other shareholders of the company for the purpose of representing it.

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KEY EVENT 2020 Mirova and Ostrum call for a gender equality action plan

Mirova, Ostrum AM, Amundi, AXA IM, La Banque Postale AM and Sycomore AM, representing nearly €3,000 billion in assets under management, created the “30% Club France Investor Group” in November 2020, to promote greater gender diversity within the governing bodies of SBF 120 companies. The objective is to increase the representation of women on the SBF 120 governing bodies to at least 30% by 2025. The Club does not aim to impose mandatory quotas, but supports a voluntary approach aimed at achieving significant and lasting change within companies (dialog with the managementbodies of companies, analysis of recruitment processes, use of voting rights to encourage companies to act when the measures taken are deemed insufficient).

ECOFI The voting policy and dialog are central to Ecofi’s responsible investment strategy; it has updated its voting policy with more stringent requirements in terms of ESG. As provided for by this policy, Ecofi has engaged in regular individual dialog with several companies involved in serious controversies that are considered to be emblematic for the energy transition. It also actively contributes to the shareholder coalitions it has joined to influence companies on the front line in terms of the energy transition.

Palatine Asset Management Palatine Asset Management exercises its voting rights on all the shares held in the portfolio. To this end, the asset management company has been relying since 2015 on the expertise of ISS (Institutional Shareholder Services Europe SA) to broaden its voting scope. During the financial year 2020, Palatine Asset Management exercised its voting rights at the General Meetings which concerned the whole of Europe excluding POA (Power of Attorney) countries. The objective is to promote best ESG practices within those companies in which the funds managed by Palatine Asset Management are shareholders in order to encourage these latter to adopt an approach of progress and responsibility. The principles of this voting policy are available at www.palatine-am.com

(1) Except Seeyond and DNCA for their certified funds only. (2) Except Seeyond and Thematics AM for their index funds only. (3) https://www.fairr.org/article/global-investor-engagement-on-meat-sourcing/

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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