Ethos has been selected by Pictet Funds to provide sustainability advice to its newly launched theme fund, “Pictet-Environmental Megatrend Selection”. Specifically, Ethos will engage in dialogue with selected investee companies, to convince them to improve their environmental, social and governance practices.
ECGS (European Corporate Governance Service) the leading European proxy voting partnership welcomes Shareholder Support, the independent Dutch proxy advisory firm that will join as new partner on 1st October.
Ethos and Raiffeisen Group Support Carbon Disclosure Project: New Survey on Swiss Listed Companies’ Climate Strategy
Investors increasingly take into account information about companies' climate change strategy to support their investment decisions. To this end, Ethos and the Raiffeisen Group are conducting a survey on CO2 reduction among the hundred largest listed companies in Switzerland. This survey in the framework of the Carbon Disclosure Project (CDP) - the largest international group of shareholders worldwide – is being conducted in Switzerland for the fourth time.
The Ethos Foundation and Pictet Asset Management are publishing today the results of the third survey on the climate strategies of Swiss listed companies (Carbon Disclosure Project). Only 56% of the companies approached agreed to provide investors with the relevant data – a relatively modest participation rate, in line, however, with that of the previous year (57%).
Ethos and Raiffeisen decided to cooperate in connection with various investment products, starting with the Raiffeisen Pension Invest Futura 50 Fund. In that case, shareholder voting rights will be exercised in accordance with Ethos' recommendations for Swiss companies.
Pictet and Ethos present the results of the Carbon Disclosure Project's second survey for Switzerland, which was distributed to the country's 100 biggest listed companies. The companies were asked about their climate change strategies and their data on greenhouse gas emissions. The survey shows that while most are aware of the issue, only a minority has put in place a convincing strategy or set concrete carbon reduction targets.
Ethos has joined more than 135 leading investors, representing assets worth 6.4 trillion USD, in a statement to world leaders warning that any global agreement on climate change must be strong and binding to guarantee necessary financing for global emissions reduction and adaptation efforts, and that the financial crisis should not delay efforts to address rising global temperatures.
The Carbon Disclosure Project (CDP) recently presented its sixth global report on corporate climate change strategies in New York. The results of the second CDP survey for Switzerland will be presented jointly by Ethos and Pictet Asset Management on 24November 2008 in Zurich.
Ethos has received top marks in the annual Report on Progress detailing the implementation of the six United Nations Principles for Responsible Investment. It is ranked in the group of leaders for each of the six principles, and even obtains the highest possible mark with respect to three principles. This is a recognition by the financial community of Ethos' initiatives for sustainable investment and responsible ownership practices.