Métropole Gestion

Engagement policy

CSR Policy  -   Our ESG approach   -   Engagement policy  -   Responsible Value investing  -   Global initiatives  -   Our ESG documentation  -   Releases

 

Our engagement policy

METROPOLE Gestion has established an engagement policy to encourage companies to improve over the long term in three main non-financial areas: Environment/Social/Governance.

Our engagement is expressed through:

  • Exercising the voting rights attached to securities held in the portfolio, as part of a voting policy published on our website (under Our ESG Documentation).
  • Direct thematic or collective dialogue with issuers as a means of detecting ESG risks and influencing the strategy of companies analysed.

 

Our engagement

METROPOLE Gestion works with the companies in which it invests when it identifies ESG risks or opportunities for improvement.

In concrete terms, this engagement can take three forms: individual engagement, thematic engagement and / or collective engagement.

Individual engagement covers the actions carried out directly by METROPOLE Gestion through dialogue with companies and exercising voting rights on ESG resolutions.

Thematic engagement is the result of reflection, carried out and reviewed each year internally, on very specific topics.

Collective engagement is realized collectively through groups or associations of investors in order to increase influence on companies. METROPOLE Gestion reserves the right to participate in collective actions concerning ESG matters whenever it deems it necessary in the interests of investors and stakeholders. As a signatory of the Carbon Disclosure Project, METROPOLE Gestion has joined the "Non-Disclosure Campaign", a collective engagement campaign that targets companies that do not respond to the CDP’s requests for information. This commitment aims at improving information transparency relating to climate change provided by companies. In addition, in 2020, METROPOLE Gestion joined the "CDP SBT campaign", a campaign asking companies to commit to fight climate change by setting science-based targets through the Science Based Targets initiative’s (SBTi).

 

Implementation

METROPOLE Gestion implements its engagement by exercising voting rights on ESG matters in accordance with its voting policy.

METROPOLE Gestion has set up an organization that coordinates all the information needed to exercise the voting rights attached to the securities held by the portfolios for which it exercises voting rights.

As a matter of principle, METROPOLE Gestion favourably addresses any resolutions relating to ESG issues that are put to the vote.

We also intervene in advance of shareholders’ meetings in order to address and possibly influence the content of proposed resolutions on the agenda, to ensure that it aligns with the interests of minority shareholders and complies with our principles of governance.

Whenever it deems necessary, METROPOLE Gestion reserves the right to ask questions to companies, to refuse resolutions or to support external resolutions.

METROPOLE Gestion implements its engagement through dialogue with companies during interviews with CSR and company managers.

As part of its management process, METROPOLE Gestion conducts more than 450 company visits a year. Companies held in portfolios are seen on average 3 times a year. ESG discussions are held at least once a year.

Dialogue provides a good understanding of ESG issues at the company level, and the opportunity to look in greater detail at the identified risks, pinpoint unidentified risks during the rating process and develop the company’s strategy.

As part of this dialogue, METROPOLE Gestion encourages companies to be transparent about ESG issues, for example by publishing their ESG strategy, policies and results.

Moreover, in the event of significant controversy, proven ESG risk, absence or insufficient significant improvement within the company being examined, the portfolio management team may decide to reduce or liquidate its position as specified in our Policy of controversies prevention and verification.

Our engagement policy and engagement report are available to investors.

 

Disclaimer

This website is intended for professional investors within the meaning of Directive 2004/39/EC (MiFID).

 

This website only allows you to obtain information on funds that are offered to the public in the selected country. Restrictions on accessing the products and services offered on the www.metropolegestion.fr website may apply to certain persons or in certain countries.

 

In particular, the funds have not been and will not be registered with the US Securities and Exchange Commission under the US Investment Company Act of 1940 or any amendments thereto, or under any other securities law.

 

As such, no prospectus published on this website may be brought into, sent to or distributed in the United States of America or its territories or possessions or provided to US-resident institutional investors or to companies, associations or other entities created under or governed by United States laws (the persons or entities referred to above being “US persons” within the meaning of Regulation S under the United States Securities Act of 1933). The funds may not be offered or sold to US investors. More generally, the products and services offered on this website may only be subscribed for by non-professional investors in jurisdictions that permit the sale and promotion of those products and services.

 

The information contained on this website shall not be considered to be an offer or a solicitation to enter into a trade in a jurisdiction in which that offer or solicitation is illegal or in which the person making the offer or solicitation is not authorised to operate. The information contained on this website is provided for information purposes only and does not constitute active advertising or marketing material, a personal recommendation or investment advice.

 

This website uses cookies that enable us to collect certain anonymous information when you visit our website (such as measuring and analysing information on visits to our website). By continuing to use the website, you agree to the use and installation of these cookies. You may, however, prevent cookies from being stored by altering your browser settings. We may also allow third party companies to collect certain anonymous information for statistical purposes when you visit our website (in particular, your IP address) in order to improve the effectiveness of our website.

 

By clicking on the “I agree” button below, you acknowledge that you have read and understood this page, you agree to comply with its contents and you confirm that you are accessing this website in accordance with the laws and regulations of the jurisdiction or country in which you reside.

I agreeI refuse