Engagement means that investors enter into a dialogue with companies, aiming to persuade them to act more responsibly. This can be a long and tedious process, but this kind of communication is certainly worthwhile.
Last year, in collaboration with its engagement partners Erste Asset Management initiated a dialogue with Charoen Pokphand Foods (CP Foods). The Thai company is the biggest producer of shrimp and fishmeal worldwide. But the catch is anything but clean, in many cases it was handed by slaves.
For more information on this topic, please visit our ESG -Letter
ERSTE RESPONSIBLE RETURN – The ESG Letter
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