Direct dialogue

Direct dialogue activities consist in organising meetings throughout the year with the companies' management teams (general management, board of directors, sustainable development department, specialised committees) to discuss their strategy, practices and ESG performance, in particular:

  • Environment: carbon footprint, greenhouse gas emission reduction strategy and targets, energy transition strategy, environmental and biodiversity protection, etc.
  • Social: for stakeholders in the value chain (employees, suppliers, customers), policies on parity, diversity and inclusion, compliance with labour law, occupational health and safety policy, quality of social dialogue, employee training, etc.
  • Governance: independence and diversity of boards of directors, balance of power, executive remuneration practices, defence of minority shareholders' rights, etc.
In 2021, this dialogue on their ESG practices focused first on governance issues (39%), then on environmental issues (35%) and finally on social issues (26%).

The aim of these exchanges is to establish a relationship with companies based on mutual listening and trust, allowing for constructive discussions and positive long-term developments.

In order to "step up a gear", BNP Paribas Asset Management may decide to take so-called "escalation" measures, such as voting against resolutions, for example the appointment of directors, proposing resolutions to be put to the next shareholder vote or divesting from the company and excluding it from its funds.

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BNP Paribas SA published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 16:44:02 UTC.