Current Issues
Water
A current issue is represented by the water management, a vital resource for life and yet subject to speculation because of the current scarcity. Etica SGR in its ethical analysis and active shareholding activity evaluate a company’s effort in the optimization of the water management and the efficient utilization of the water resources as well as the efforts in reduction of the pollution in the ground water.
Etica SGR pays high attention to the rates applied by the utilities managing public water and efficient water cycle management. Etica SGR’s board of director declared a grace period in the investments in water managing companies until a new set of social and environmental evaluation criteria will be approved. Water utilities, due to the sector, are subject to a deeper analysis than the one applied to the other companies
Cluster Bombs
Banca Popolare Etica group declared its appreciation for the government bill “"Misure per contrastare il finanziamento delle imprese produttrici di mine antipersona, di munizioni e sub munizioni a grappolo" (Measures to fight against the financing of land mines and cluster ammunition manufacturers) presented on May 25, 2010 to the Senate.
This document’s goal is to avoid the financing of cluster bombs producer by the banks and financial institutions.
Italian Tax Amnesty
Etica SGR and Banca Popolare announced, in September 2009, they will not accept capital coming back to Italy thanks to the tax amnesty.
Human Trafficking and New Slavery
Etica Sgr supports the initiatives taken by members of ICCR on the issues of human trafficking and new slavery, which are part of the larger framework of human rights. These initiatives involve especially textile companies (regarding forced labor, slavery and child labor), airlines and hotel chains (concerning the issue of human organ trafficking and child prostitution). Etica Sgr takes care about these topics in the activity of shareholder engagement and key points are outlines in the document "Guidelines on Shareholder Activism"
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