For the fourth consecutive year, Amundi publishes its Engagement Report. Reflecting the continuous dialogue between Amundi and the companies, this Report is based on three main axes:
Amundi's engagement policy aims to support companies in taking into account environmental, social and governance (ESG) issues on specific themes, which are often controversial or subjected to a strong legislative momentum.
Two new themes were studied in 2016:
The report also contains detailed follow-up on the themes initiated over the past four years, in the areas of human rights, food waste, and conflict minerals. In total, out of 66 companies met, 51 agreed to be cited, proof of the importance they place on improving their practices and our engagement process.
The report also details Amundi's normative and sectoral exclusion policy, and presents the shareholder initiatives and coalitions of shareholders that we support.
Another pillar of our policy is shareholder engagement, which groups the pre-AGM(Annual General Meeting) dialogue and the exercise of voting rights at the general meetings of the companies in which the funds are invested.
In 2016, Amundi participated in more than 2,600 Assemblies, of which 76% voted with at least one opposition vote, and engaged with 240 issuers, resulting in substantial improvements in corporate practices in nearly fifty cases.