| Organisational Overview | |||
| 1. What were your organisation's total assets under management as of 31 December 2007 (in millions)? | 1470 | ||
| Please select currency | Swiss franc (CHF) | ||
| 1a. If 'Other' was selected, please specify the other currency here | No Answer | ||
| 4. Please provide an overview of your asset mix as of 31 December 2007 (in %): | |||
| Listed equity (developed market, active) | 41 | ||
| Listed equity (developed market, passive) | 51 | ||
| Listed equity (emerging market, active) | 0 | ||
| Listed equity (emerging market, passive) | 0 | ||
| Fixed income - developed markets | 8 | ||
| Fixed income - emerging markets | 0 | ||
| Real estate or property | 0 | ||
| Private equity | 0 | ||
| Hedge fund | 0 | ||
| Infrastructure | 0 | ||
| Currency | 0 | ||
| Commodities | 0 | ||
| Cash | 0 | ||
| Other (Please specify): | 0 | ||
| 5. Please indicate what percentage of your assets are managed internally and what percentage are managed externally (in %): | |||
| Listed equity (developed market, active) | 0 | 100 | |
| Listed equity (developed market, passive) | 0 | 100 | |
| Listed equity (emerging market, active) | 0 | 0 | |
| Listed equity (emerging market, passive) | 0 | 0 | |
| Fixed income - developed markets | 0 | 100 | |
| Fixed income - emerging markets | 0 | 0 | |
| Real estate or property | 0 | 0 | |
| Private equity | 0 | 0 | |
| Hedge fund | 0 | 0 | |
| Infrastructure | 0 | 0 | |
| Currency | 0 | 0 | |
| Commodities | 0 | 0 | |
| Cash | 0 | 0 | |
| Other (Please specify): | 0 | 0 | |
| 6. Please provide the following contact details for your main PRI contact: | |||
| URL for webpage outlining the specific services and products your organisation has to assist signatories in fulfilling their commitments to the Principles | http://www.ethosfund.ch/ | ||
| Principle 1 | |||
| 8. Do you have a statement that makes specific reference to the integration of responsible investment (RI) or environmental, social and governance (ESG) issues within investment decision making and ownership practices? | Yes, it is integrated into a broader statement | ||
| 9. In what year were RI/ESG issues first formally addressed in a policy statement (integrated or independent)? | 1997 | ||
| 10. Has your statement that makes specific reference to the integration of RI or ESG issues been disclosed publicly? | Yes | ||
| 11. Please indicate how this statement that makes specific reference to the integration of RI or ESG issues can be obtained (a URL would be sufficient): | http://www.ethosfund.ch/upload/publication/p146e_020830_Ethos_Charter.pdf http://www.ethosfund.ch/upload/publication/p178e_070101_Ethos_Exclusion_Criteria.pdf | ||
| 14. For what percentage of your external assets under management are RI/ESG issues integrated into the investment decision-making processes of your external investment managers? (in %) | |||
| Listed equity (developed market, active) | 100 | ||
| Listed equity (developed market, passive) | 100 | ||
| Fixed income - developed markets | 100 | ||
| 15. To what extent have RI/ESG issues been integrated into the investment decision-making processes of your external investment managers? | |||
| Listed equity (developed market, active) | To a large extent | ||
| Listed equity (developed market, passive) | To a large extent | ||
| Fixed income - developed markets | To a large extent | ||
| 16. What proportion of your assets involve screening out or excluding stocks or sectors based on ethical (rather than long-term financial) criteria? (in %) | 100 | ||
| 17. Do you have any staff dedicated to RI/ESG issue analysis and/or implementation? | |||
| Investment analyst | 0 | 0.25 | |
| Research analyst | 2 | 2.5 | |
| RI/ESG issue policy advisor | 0 | 0.25 | |
| (proxy) Voting specialist | 3 | 3 | |
| Engagement specialist | 0 | 1.5 | |
| Portfolio manager | 1 | 1.25 | |
| Other (Please specify): SRI Marketing | 1 | 1.25 | |
| 18. Which Board committee or other executive body has overall responsibility for RI/ESG issues? | We are a 100% SRI dedicated institution. As such overall responsibility for RI/ESG rests with the Foundation Board as a whole, plus Board Committees on Asset Management and Corporate Governance, plus Executive Management and one SRI Investment Committee | ||
| 19. Do you assess the capabilities of internal investment staff to incorporate RI/ESG issues? | No Answer | ||
| 20. Do you assess the capabilities of external investment managers to incorporate RI/ESG issues? | Yes | ||
| 21. Approximately what percentage of your internal non-ESG-specialist investment management staff received RI/ESG training in 2007? (in %) | 100 | ||
| 22. What forms of RI/ESG training or awareness raising have been invested in, encouraged or provided for internal staff (investment and other)? | Informal internal training,Formal internal training,Conferences,Professional programs,Regular briefings on key issues,Other (please specify): 'Editing of discussion papers on SRI issue' | ||
| 23. Did you support the development of nonproprietary RI/ESG issue-related tools, metrics, analysis or academic research in 2007? | To a large extent | ||
| 24. Please indicate how the results of nonproprietary RI/ESG issue-related tools, metrics, analysis or academic research development you supported can be obtained if they have been disclosed publicly (a URL would be sufficient): | - We have collaborated with our external SRI research provider Centre Info to further develop a tool assessing carbon emissions of our portfolio ("EnvImpact", see www.centreinfo.ch). -We have initiated, together with our partner Pictet & Cie, the first Swiss edition of the Carbon Disclosure Project (CDP), resulting in a summary report. - We have published (for the second year in a row) a comparative study on executive remuneration in 100 Swiss listed companies. - We updated our ealier study looking at the environmental and social reporting practices of 100 Swiss listed companies. For all or our publications see: http://www.ethosfund.ch/e/news-publications/ethos-publications-reports.asp?code=1# | ||
| 25. Have you advocated/supported/ encouraged/participated in RI/ESG issue-related industry-wide training for investment professionals during 2007? | Sponsored industry events,Advocated RI/ESG coverage in professional training programs (CFA, MBA, etc.),Spoke at or attended conferences,Had dialogue or exchanges with peers,Instructed at universities or colleges | ||
| 26. What was your most significant achievement in 2007 in relation to your implementation of Principle 1? | Enter text here. | ||
| 27. What was your biggest barrier in 2007 with relation to your implementation of Principle 1? | We consider as a barrier in this regard the widely held misconception that integration of materially relevant ESG factors into standard investment analysis and decision-making processes can in and of itself already be equated with or labelled as responsible investment. Better commonly accepted definitions of what constitutes responsible investment and what is just good financially relevant analysis and integration are needed. | ||
| 28. Please add any overall comments and clarifications related to Principle 1 here. | Please note re question 15: Our response would be "fully" as we offer only SRI products and RI/ESG issues are integrated into 100% of the investment decision-making processes of our external investment managers. Please note re question 17: our approach involves working with outside ESG research providers and outsourcing ESG investment analysis, research and portfolio management to external partners; thus signifiant financial and human resources are devoted to RI/ESG issue analysis and/or implementation beyond the internal staff resources listed. Please note re question 21: our answer would actually be n/a instead of 100% as all staff are ESG/RI specialists since we offer only SRI investment services and products. We do not have any non-ESG-specialist internal investment staff. | ||
| Principle 2 | |||
| 29. To what extent did you employ the following approaches in your 2007 active ownership strategy for listed equities? | |||
| (Proxy) voting | To a large extent | ||
| Direct engagement conducted privately | To a large extent | ||
| Direct engagement conducted publicly | To a large extent | ||
| Collaborative engagement | To a large extent | ||
| Filing shareholder resolutions | Planning to in 2008 | ||
| Co-filing shareholder resolutions | Planning to in 2008 | ||
| Other (Please specify): providing input into governmental rule-making process | To a moderate extent | ||
| 30. To what extent did you employ the following approaches in your 2007 active ownership strategy for all asset classes other than listed equity? | |||
| (Proxy) voting | Not at all | ||
| Direct engagement conducted privately | Not at all | ||
| Direct engagement conducted publicly | Not at all | ||
| Collaborative engagement | Not at all | ||
| Other (Please specify): | Not at all | ||
| 31. Do you have a (proxy) voting policy? | Yes - disclosed publicly | ||
| 32. To what extent does your (proxy) voting policy direct action on ESG issues? For each issue, please indicate the extent of direction. | |||
| Environmental | To a moderate extent | ||
| Social | To a large extent | ||
| Governance | To a large extent | ||
| 33. Does your (proxy) voting policy apply to all voting regions (where possible)? | Yes | ||
| 34. Please indicate how your (proxy) voting policy can be obtained (a URL would be sufficient): | http://www.ethosfund.ch/upload/publication/p192e_080115_Corporate_Governance_Principles_and_Proxy_Voting_Guidelines.pdf | ||
| 35. Do you ensure that voting is done in accordance with your (proxy) voting policy? | Yes for all | ||
| 36. What percentage of total votes cast were against management? (in %) | 27 | ||
| 37. What percentage of shareholder resolutions relating to environmental, social or governance issues was supported? (in %) | |||
| Environmental | 59 | ||
| Social | 67 | ||
| Governance | 54 | ||
| 38. Do you conduct (proxy) voting on behalf of your clients? | Yes - According to our own policy or client-specific policies | ||
| 39. How many shareholder resolutions related to RI/ESG issues did you participate in during 2007? | |||
| As lead filer | 0 | ||
| As co-filer | 0 | ||
| Planning to be lead filer in 2008 | 1 | ||
| Planning to be co-filer in 2008 | 1 | ||
| 40. How were portfolio companies engaged with in 2007? Please check all that apply. | Internal staff engaged portfolio companies directly,Internal staff engaged portfolio companies collaboratively | ||
| 41. Do you systematically bring RI/ESG issue-related engagement opportunities to your clients? | To a large extent | ||
| 43. How many portfolio companies did you engage directly/were engaged on your behalf on ESG issues in 2007? | |||
| Environmental | 50 | 0 | 0 |
| Social | 12 | 38 | 0 |
| Governance | 100 | 0 | 0 |
| 44. What RI/ESG-related issues were addressed in your shareowner engagement initiatives? Please check all that apply. | Benefits and compensation,Bribery/corruption,Climate change,Environment,Governance,Health,Health and safety,Human rights,Labour issues,Other (please specify): 'Business principles and codes of conduct, systematic ESG Reporting' | ||
| 45. How were RI/ESG issue-related engagement targets and topics identified? Please check all that apply. | Client directive,Sector exposure,Focus issue,NGO or union campaign | ||
| 46. Do you set RI/ESG issue-related engagement objectives and attempt to evaluate success? | To a large extent | ||
| 47. Have you sought evidence relating to the effectiveness of your active ownership strategy? Please check all that apply. | Governance practices changed,(Written) commitment to improve a particular ESG issue,Improved disclosure,Collaborative work with a company on a specific ESG issue,Other evidence of improvement in investee company RI/ESG performance due to our activities | ||
| 48. What was your most significant achievement in 2007 in relation to your implementation of Principle 2? | One of our most significant achievements in 2007 with respect to Principle 2 was the further development of our Ethos Engagement Pool (EEP). Now in its fourth year, this unique vehicle pools the resources and brings together several Swiss institutional investors to systemtically engage Swiss companies on ESG issues. In 2007, membership of the EEP grew from 6 to 13 members and now includes many of the large public pension funds in Switzerland, representing a total of CHF 50 billion in assets. Engagement themes and objectives are selected by the EEP, while engagement activities are coordinated and conducted by Ethos on behalf of its members. | ||
| 49. What was your biggest barrier in 2007 with relation to your implementation of Principle 2? | Swiss legislation makes it difficult to file ESG resolutions given minimum stock holding requirements for obtaining the right to file. Required registration of shares with foreign companies (UK for example) represents a further barrier for filing or co-filing resolutions outside Switzerland. | ||
| 50. Please add any overall comments and clarifications related to Principle 2 here. | Please note re question 30. Besides listed equity (92%) we only have Fixed Income (8%) holdings. Proxy voting is not applicable to fixed income and active engagement is not commonly practiced in this area either. | ||
| Principle 3 | |||
| 51. Have you asked that investee companies (or other investment entities) produce standardized reporting on their RI/ESG issue policies, practices or performance (within annual financial reports or other formats)? | To a large extent | ||
| 52. What format of standardized reporting on RI/ESG issue policies, practices or performance have you requested? | Integrated with regular financial reports,Standalone corporate social responsibility or sustainability reporting,Global Reporting Initiative (GRI),Carbon Disclosure Project (CDP) | ||
| 53. Have you provided feedback to investee companies (or other investment entities) on their reporting on RI/ESG issues? | To a large extent | ||
| 54. Have you sought information from companies regarding their adoption of/adherence to norms, standards, codes of conduct or international initiatives related to RI/ESG issues? | |||
| Adoption | To a large extent | ||
| Adherence | To a large extent | ||
| 55. Which norms, standards, codes of conduct or international initiatives related to RI/ESG issues have you sought information about from companies, with regard to their adoption of/adherence to? | Other (please specify): 'Companies' own elaborated Codes of conduct and business principles' | ||
| 56. What was your most significant achievement in 2007 in relation to your implementation of Principle 3? | Our most significant achievement in 2007 in relation to Principle 3 was the launch of the first Swiss Carbon Disclosure Project (CDP), together with our partner Pictet, targeting 50 Swiss companies. The Swiss CDP achieved a remarkable participation rate of 78% in its first year and will be extended to include the 100 largest listed Swiss companies in 2008. | ||
| 57. What was your biggest barrier in 2007 with relation to your implementation of Principle 3? | Enter text response here. | ||
| 58. Please add any overall comments and clarifications related to Principle 3 here. | Enter text response here. | ||
| Principle 4 | |||
| 59. Are you considering RI/ESG requirements when searching for and selecting the following? | |||
| External investment manager | Yes | ||
| Investment consultant | Not applicable | ||
| Proxy voting | Yes | ||
| Engagement overlay | Not applicable | ||
| Investment research | Yes | ||
| Internal operations (for example, purchasing, travel, office space etc.) | Yes | ||
| Other (Please specify): | Not applicable | ||
| 60. Have you linked the following to performance on RI/ESG issues? | |||
| Investment monitoring | Yes | ||
| Incentive structure (internal investments) | Not applicable | ||
| Incentive structure (external investments) | No | ||
| Contractual relationships with external investment managers | Yes | ||
| 61. Are the default pension funds or retirement plans offered to your employees also signatories to the PRI? | No | ||
| 62. To what extent do you encourage your service providers to become PRI signatories? | To a small extent | ||
| 63. To what extent do you encourage your clients to become PRI signatories? | To a small extent | ||
| 64. To what extent do you encourage peer organisations to become PRI signatories? | To a small extent | ||
| 65. Do you have evidence that you have played a role in the improved integration of RI/ESG issues by external investment managers? | To a large extent | ||
| 66. Does your broker evaluation process include an ESG component or do you have a budget to pay cash for ESG broker research? | No Answer | ||
| 67. Have you revisited any relationships with service providers in light of RI/ESG issue-related capabilities? | No | ||
| 68. Have you engaged in dialogue, lobbying or initiatives pertaining to government policy and/or industry regulations (for example, stock exchanges, accounting standards) related to RI/ESG issues in 2007? | To a large extent | ||
| 69. What was your most significant achievement in 2007 in relation to your implementation of Principle 4? | In 2007 our input was solicited by parliament and government on the revision of the Swiss Company law (CO/OR); by the Swiss trade association economiesuisse on the revision of its Corporate Governance Code; and by the Swiss Stock Exchange SWX regarding its Corporate Governance directive. In all three instances, we were able to successfully propose several concrete improvements with regard to mandated and accepted Corporate Governance practices, involving for example the frequency of board member elections, transparency of remuneration, or hurdles for submitting shareholder resolutions. | ||
| 70. What was your biggest barrier in 2007 with relation to your implementation of Principle 4? | Enter text response here. | ||
| 71. Please add any overall comments and clarifications related to Principle 4 here. | Enter text response here. | ||
| Principle 5 | |||
| 72. Did you use the PRI Engagement Clearinghouse in 2007? | Used clearinghouse | ||
| 73. Did your use of the clearinghouse result in subsequent action or collaboration with other signatories? | Yes | ||
| 74. Please elaborate on how the PRI Engagement Clearinghouse could be made more useful: | Tehnically the PRI Engagement Clearinghouse provides a well-thought out user interface. As it s a member-driven initiative, its success would seem to depend mainly on the quality and relevance of the postings initiated by members signatories. | ||
| 75. To what extent do you participate in the following RI/ESG issue-related collaborative engagement initiatives and/or industry associations? For those not listed, please use the "other" field: | Carbon Disclosure Project,Extractive Industries Transparency Initiative (EITI),Institutional Investors Group on Climate Change (IIGCC),International Corporate Governance Network (ICGN),Investor Network on Climate Risk (INCR),Regional social investment organisation (for example SIF or UKSIF),Social Investment Research Analyst (SIRAN),Other (please specify): 'Ethos Engagement Pool, PRI, Access to Medicine index, Reporters without Borders, Climate Risk Disclosure Initiative' | ||
| 76. Please indicate the three RI/ESG issue-related collaborative engagement initiatives and/or industry associations that you participated in most extensively and indicate how you did so: | |||
| Other (please specify) | Ethos Engagement Pool, initiated in 2004 by Ethos and 2 swiss pension funds. Groups institutional investors to engage Swiss companies systematically on ESG issues. Engagement themes are chosen by pool members and executed by Ethos in the name of the EEP. Membership in EEP was 13 at the end of 2007 and the number of Swiss companies targeted on ESG issues was 100. | ||
| Carbon Disclosure Project | In 2007, Ethos initiated and co-sponsored with partner Pictet the first Swiss extension of the CDP, including close contact with 50 swiss companies, assessment of responses, publication of results and a launching event. For 2008, the number of Swiss companies covered is planned to increase from 50 to 100. | ||
| Institutional Investors Group on Climate Change (IIGCC) | Active member. Signatory to investor statement. Participant in policy working group. | ||
| 77. What was your most significant achievement in 2007 in relation to your implementation of Principle 5? | See also answer to question 48. One of our most significant achievements in 2007 with respect to Principle 5 was the further development of our Ethos Engagement Pool (EEP). Now in its fourth year, this unique vehicle pools the resources and brings together several Swiss institutional investors to systemtically engage Swiss companies on ESG issues. In 2007, membership of the EEP grew from 6 to 13 members and now includes many of the large public pension funds in Switzerland, representing a total of CHF 59 billion in assets. Engagement themes and objectives are selected by the EEP, while engagement activities are coordinated and conducted by Ethos on behalf of its members. | ||
| 78. What was your biggest barrier in 2007 with relation to your implementation of Principle 5? | Enter text response here. | ||
| 79. Please add any overall comments and clarifications related to Principle 5 here. | Enter text response here. | ||
| Principle 6 | |||
| 80. Have you disclosed how RI/ESG issues are integrated into your investment processes? | Yes - to clients or beneficiaries and the public | ||
| 81. Please indicated how this disclosure of how RI/ESG issues are integrated into your investment processes can be obtained (a URL would be sufficient): | Description of our investment processes: http://www.ethosfund.ch/e/products-services/ethos-concept.asp | ||
| 82. To what extent do you disclose your annual (proxy) voting record? | Disclose votes and guidance explaining votes | ||
| 83. Please indicated how your (proxy) voting record can be obtained (a URL would be sufficient): | http://www.ethosfund.ch/e/products-services/voting-positions.asp | ||
| 84. Do you systematically report (privately and/or publicly) on your RI/ESG issue-related engagement activities, results and progress? | To a large extent | ||
| 85. Please indicate how your reporting on RI/ESG issue-related engagement activities, results and progress can be obtained (if it is publicly available, a URL would be sufficient): | Summary of main engagement activities and results as part of our public quarterly reporting (see "Ethos Quarterly"), detailed reporting in confidential reports to members of the Ethos Engagement Pool. | ||
| 88. Are you undertaking any additional efforts to raise awareness of the PRI and RI/ESG issues amongst stakeholders? | To a large extent | ||
| 89. What evidence do you have of the impact on external investment manager practices? Please check those that apply. | Investment policy,Investment decisions,Engagement,Proxy voting,New employment/positions created,Improved communications on ESG,Provision of new research | ||
| 90. Have you sought to determine what impact your overall RI/ESG issue-related efforts (voting and engagement, investment decision making, disclosure, etc.) have had on corporate behavior or performance? | To a large extent | ||
| 91. Have you sought to determine what impact your RI/ESG issue-related approach has had on the performance of your portfolio? | To a large extent | ||
| 92. Have you sought to determine what impact your RI/ESG issue-related efforts, requests and guidance have had on the consideration of RI/ESG issues by your external service providers excluding external investment managers (for example: research providers, consultants, etc.)? | To a large extent | ||
| 93. Do you report on progress and/or achievements relating to the PRI or RI, and how would you like to publish your response to this assessment? | Please automatically publish our responses to the reporting and assessment tool in full on the PRI website,We publicly reported on our PRI or RI achievements in 2007 (outside of publishing part or all of this assessment) | ||
| 94. What was your most significant achievement in 2007 in relation to your implementation of Principle 6? | In 2007, we celebrated our 10th anniversary by organizing the first "Ethos Day", a one day event dedicated to active shareholdership and socially responsible investment. Participants included investors, civil society, politicians and company representatives. See also pages 4-5 of our Ethos Quarterly 3-07: http://www.ethosfund.ch/upload/publication/p187f_071024_Ethos_Quarterly_e_trimestre_.pdf | ||
| 95. What was your biggest barrier in 2007 with relation to your implementation of Principle 6? | Enter text response here. | ||
| 96. Please add any overall comments and clarifications related to Principle 6 here. | Please note re question 82: We provide voting recommendations and disclose them publicly via our website on each Swiss GM covered. Additionally, we provide in depth analysis/commentary to clients prior to GMs and then report on recommended/voted positions in detailed quarterly reports. Please note re question 92: all of our external non-investment manager service providers are SRI and Corporate Governance specialists, with whom we have ongoing exchange on ESG issues as well as regular input into methodological developments. | ||
| Emerging Markets | |||
| 97. To what extent have you actively thought about how to integrate RI/ESG issues within investment decision making and ownership practices with regards to emerging markets investments? | Not at all | ||
| 98. Please describe your activities with regards to integrating RI/ESG issues within investment decision making and ownership practices with regards to emerging markets investments. | We do not manage emerging market investments. | ||
| 99. To what extent do you believe the integration of ESG issues in emerging markets is as relevant as the integration of ESG issues in other markets? | To the same extent | ||
| 100. To what extent did you employ the following approaches in your 2007 active ownership strategy in emerging markets? | |||
| (Proxy) voting | Not Applicable | ||
| Direct engagement conducted privately | Not Applicable | ||
| Direct engagement conducted publicly | Not Applicable | ||
| Collaborative engagement | Not Applicable | ||
| Filing shareholder resolutions | Not Applicable | ||
| Co-filing shareholder resolutions | Not Applicable | ||
| Other (Please specify): n/a | Not Applicable | ||
| 101. To what extent have you developed a comprehensive RI/ESG engagement capability regarding business activities in emerging markets? | Not Applicable | ||
| 102. Please list the three most often addressed RI/ESG-related issues in your shareholder engagement initiatives in emerging markets? | |||
| 1. | |||
| 2. | |||
| 3. | |||
| 103. Have you sought information from companies regarding their adoption of/adherence to norms, standards, codes of conduct or international initiatives related to RI/ESG issues in emerging markets? | |||
| Adoption | Not Applicable | ||
| Adherence | Not Applicable | ||
| 104. Do you take RI/ESG considerations into account when selecting and approving emerging markets external investment managers? | Not at all | ||
| 105. Do your consultants factor RI/ESG issues into their short listing of emerging markets external investment managers? | Not at all | ||
| 106. Do you have evidence that you have played a role in the improved integration of RI/ESG issues by external investment managers investing in emerging markets? | Not at all | ||
| 107. To what extent have you worked together with other investors to improve the effectiveness of implementing the PRI in emerging markets? | Not at all | ||
| 108. Are you undertaking any additional efforts to raise awareness of RI/ESG issues in emerging markets? | Not at all | ||
| 109. Have you sought to determine what impact your RI/ESG issue-related efforts (voting and engagement, investment decision making, disclosure, etc.) have had on corporate behaviour or performance in emerging markets? | Not at all | ||
| 110. Please add any overall comments and clarifications related to the PRI in emerging markets here. | Please note re all questions above with "Not at all" answers: given that we are not active in the emerging market investment field, we would actually answer not applicable, but this option is not given. | ||
| 111. What is your top PRI-related goal/priority for emerging markets in 2008? | No Answer | ||
| Closing Comments | |||
| 112. Why did your organisation join the PRI? | The SRI approach of Ethos since its creation in 1997, as defined in its Charter, is closely in line with the objectives of the PRI. | ||
| 113. Please describe the benefits you have enjoyed as a result of signing the PRI: | Access to PRI Engagement Clearinghouse. Further contacts with RI community. | ||
| 114. To what extent do you believe the PRI has succeeded in changing investor behaviour and/or raising awareness or capacity on RI/ESG issues? Do you have any examples you could share? | Enter text here. | ||
| 115. What are the top three activities the PRI Secretariat could undertake to enhance and encourage further implementation of the PRI by current and prospective signatories? | |||
| 1. | Working to maintain and enhance the credibility of the PRI by ensuring that signatories have a real committment to implement the aspirational principles and make significant and meaningful progress in this regard. | ||
| 2. | Help to clarify the misconception that integration of ESG factors into mainstream investment decision making equals responsible investing. See also our Ethos Discussion Paper No. 2 at URL: http://www.ethosfund.ch/upload/publication/p180e_070702_No_Avoiding_the_Financial_Materiality_Trap_in_SRI.pdf | ||
| 3. | Continue to consider full transparency/auditing of answers provided by PRI signatories under the reporting and assessment exercise as lack of transparancy can significantly undermine the credibility of this initiative. | ||
| 116. What are your top three PRI-related goals/priorities for 2008? | |||
| 1. | Further increase our collaborative engagement activity in Switzerland through the Ethos Engagement Pool. | ||
| 2. | Analyze the carbon content of our investment portfolio. | ||
| 3. | Improve pooling of voting power with regard to proxy voting at Swiss general meetings through increased coordination with Swiss and foreign investors. | ||
| 117. Please rank the six principles from most difficult to implement to least difficult to implement: | |||
| Most difficult 1 | Principle 4 | ||
| 2 | Principle 5 | ||
| 3 | Principle 3 | ||
| 4 | Principle 2 | ||
| 5 | Principle 1 | ||
| Least difficult 6 | Principle 6 | ||