Pury Pictet Turrettini & Cie’s sustainable impact funds have outperformed their benchmarks in the last 12 years and delivered 170 instance of progress in achieving sustainability, according to the newly released Performance & Impact of Cadmos Engagement Funds 2017-2018.
“The Cadmos Engagement Funds are probably among the pioneer shareholders to act as a matchmaker between companies and social enterprises or non-governmental organizations so as to set up additional social impact projects,” wrote Dominique Habegger, head of Cadmos funds at de Pury Pictet Turrettini & Cie asset manager. “These projects target systemic challenges and often relate to the 17 United Nations Sustainable Development Goals. They are always linked to the company’s core business.”
Danone took the fund managers’ suggestion of publishing a suppliers’ code of conduct. Novo Nordisk took steps to crack down on non-compliance and anti-corruption. Swiss Re is issuing information about corporate responsibility and more information about sustainability public. Nestle is engaging with small farmers in Africa.
The report lists progress with companies in emerging markets, too. A provider of dental plans throughout Latin America, Brazil-based Odontoprev, was expected to launch more sustainability metrics and measures after Cadmos managers met and discussed the issue with executives, for example.
“The head of investors relations said it was ‘a dream to learn from the best peers such as Novo Dordisk and Natura which were constituents of the Cadmos Funds’ and that the engagement team’s assessment had played a key role in drawing the attention of the board of directors,” the report wrote.
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