Annex 2: Companies engaged with during monitoring

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Company

Eligible for
investment

Topic

Engagement outcome

 

 

 

 

ABN AMRO Bank NV

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Accell Group NV

Selected

Conflict minerals

The company confirmed that it uses some of the minerals of concern (mostly tin) and that it will further look into its supply chain. The company also stated that it aims to address the issue in the 'Bicycle working group' of the World Federation of Sporting Goods Industries.

Achmea BV

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Adidas AG

Selected

Basic labour rights

An investor letter was sent again to companies to follow up on the Rana Plaza accident in 2013.

Ahold (Koninklijke Ahold, Royal Ahold) NV

Not selected

General sustainability performance

The company approached us about a Responsible Retailing Survey. Research provided feedback to the survey.

AkzoNobel NV

Selected

Climate change

Research participated in an investor teleconference on the use and sourcing of renewable energy. A follow-up e-mail was sent to the company.

BBVA (Banco Bilbao Vizcaya Argentaria) SA

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Bendigo and Adelaide Bank Ltd

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

BMW (Bayerische Motoren Werke) AG

Selected

Climate change, board diversity and conflict minerals

On several occasions, the company's progress towards climate change, board diversity and conflict minerals were discussed. BMW stated that it is very confident that it does not use cheat devices and it trusts that it can meet all new legal equirements in different jurisdictions.

Carrefour SA

Selected

Factory farming, basic labour rights

A letter was sent to the company with specific recommendations based on research findings resulting from earlier dialogue with the company. See under Dialogue. And the company was sent an investor letter to follow up on the Rana Plaza accident in 2013.

Chipotle Mexican Grill Inc

Selected

Factory farming

A letter was sent to the company with specfic recommendations based on research findings resulting from earlier dialogue with the company. See under Dialogue.

Colruyt

Selected

Factory farming

A meeting took place with the company to learn about how the company addresses animal welfare. Research followed­up by sending a letter to the company with specific recommendations for change. See under Dialogue.

Compass Group

Not selected

Factory farming

A meeting took place with the company to learn about how the company addresses animal welfare. Research followed­up by sending a letter to the compant with specific recommendations for change. The company responded that our letter was very helpful and recommendations will be taken into account in the update of its policy and standards.

Daimler AG

Not selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Danske Bank A/S

Selected

Arms

The company was part of the feasibility study conducted on arms. See under Main engagement themes in 2015.

Delta Lloyd NV

Selected

Arms, violation of legislation

In a meeting with the company our concerns about the fines imposed by DNB and AFM were discussed including measures taken by the company. The company adequately answered our questions. The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

DnB ASA (Den Norske Bank)

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

EBRD (European Bank for Reconstruction and Development)

Selected

Black list projects

The company was contacted about its potential involvement in a coal project in the Great Barrier Reef. The company stated that it is not involved in this project.

Ford Motor Company

Selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Gamesa Corporación Technológica SA

Selected

Conflict minerals

Research spoke with the company about its conflict-free requirements. The company stated that it now has a requirement in its supplier code to source 'conflict free' minerals. Moreover the company is working with an external party to develop an approach for supply chain controls.

GAP Inc (The)

Selected

Basic labour rights

An investor letter was sent again to companies to follow up on the Rana Plaza accident in 2013.

H&M (Hennes & Mauritz)

Selected

Basic labour rights

An investor letter was sent again to companies to follow up on the Rana Plaza accident in 2013.

Hain Celestial

Selected

Water scarcity

An investor letter was sent to the company asking it to improve its water risk disclosure practices.

Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI)

Selected

General sustainability performance

In a meeting with the CEO of the company, also attended by our asset manager, the company's strategy and its product portfolio were discussed.

Honda Motor Corporation

Not selected

Climate change

In a meeting the investor letter on climate change was discussed. Honda was open about its environmental performance and future plans to reduce its GHG emissions. We also discussed its strategy on drive-technology. The company is expected to soon launch a hydrogen car in Japan.

Inditex (Industria de Diseño Textil SA)

Selected

Basic labour rights

As a result of an investor letter sent to the company to follow up on the Rana Plaza accident in 2013, the company replied that it donated generously to the Donor fund and it sent a letter with an update of other efforts made as a result of the Bangladesh Accord.

ING Group NV

Selected

Arms, corporate governance

Multiple contact took place with ING. First a meeting took place with key personnel from the company together with Eumedion and some of its members to prepare for the annual general shareholder meeting in 2015. We discussed general sustainability performance,remuneration and corporate strategy. Later in the year, the company sought input from investors on its current corporate governance structure. Triodos Research joined this meeting also with Eumedion and some of its members. Finally the company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

KBC Group NV

Not selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Mapfre SA

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Marks & Spencer Plc (M&S)

Not selected

Basic labour rights

An investor letter was sent again to companies to follow up on the Rana Plaza accident in 2013.

Mazda Motor Corp

Selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Metro AG

Selected

Factory farming

A letter was sent to the company with specific recommendations based on research findings resulting from earlier dialogue with the company. See under Dialogue.

Mitsubishi Motors Corp

Not selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Nissan Motor Co, Ltd

Not selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Novo Nordisk

Selected

Other unsustainable processes or products

As a result of an investor letter sent earlier, an investor meeting took place in which the company shared information about its clinical trial transparency.

PSA Peugeot Citroen SA

Selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Rabobank

Selected

Arms, violation of legislation

Company asked about its progress in the interest swaps, panels and benchmarks and anti-trust cases. The company provided adequate answers about interest swaps and anti-trust. Benchmarks and panels were discussed later in a separate call. As a result of a critical report on panels published by Dutch regulator AFM, a discussion took place with the company to address our concerns. The company also adequately answered these questions. Finally, the company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

RELX Group Plc/NV

Selected

Violation of legislation

As a result of increasing criticsm from scientists our concerns were discussed on a phone call with the company. See under Change is a matter of patience.

Renault SA

Selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Sainsbury Plc, J

Selected

Factory farming

A meeting took place with the company to learn about how the company addresses animal welfare. Research followed­up by sending a letter to the company with specific recommendations for change. See under Dialogue.

Shimano Inc

Selected

Conflict minerals

As a result of additional information sent to the company on conflict minerals, a discussion took place to find out how the company will address our recommendations.

Sonova Holding AG

Selected

Corporate governance

The company contacted us about the annual general meeting that was upcoming. We briefly discussed the agenda and the annual report.

Storebrand

Not selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Suzuki Motor Corp

Not selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Svenska Handelsbanken

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Tesla Motors Inc

Selected

Climate change

As a result of an investor letter on climate change a discussion took place with the company. The company claims that only few investors ask for environmental disclosure and that the company does not intend to report on this in the near future. Research followed-up by sending some best practice examples to the company for consideration.

Toyota Motor Corporation

Selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

UBI Banca SCRL (Unione di Banche Italiane Banche Popolari Unite)

Selected

Arms

The company was part of the feasibility study conducted on arms. The company answered our questions. See under Main engagement themes in 2015.

Unibail-Rodamco

Selected

General sustainability performance

As a result of our season letter on board diversity we followed-up in a call with the company to discuss its progress towards board diversity and we also discussed the company's general sustainability performance and the impact of the Florance law in France.

VF Corp

Selected

Basic labour rights

An investor letter was sent again to companies to follow up on the Rana Plaza accident in 2013.

Volkswagen AG

Not selected

Climate change

The company was sent a joint investor letter on climate change. See under Main engagement themes in 2015.

Whitbread

Selected

Factory farming

A meeting took place with the company to learn about how the company addresses animal welfare. Research followed­up by sending a letter to the company with specific recommendations for change. See under Dialogue.

WhiteWave Foods

Selected

Water risk disclosure

An investor letter was sent to the company asking it to improve its water risk disclosure practices.

Whole Foods Market Inc

Selected

Factory farming

A meeting took place with the company to learn about how the company addresses animal welfare. Research followedup by sending a letter to the company with specific recommendations for change. See under Dialogue.

 

 

 

 

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