Vigeo Rating and Cometa Pension Fund
Vigeo worked with Italian pension fund Cometa to provide a simple ex post investment, active engagement strategy. Vigeo identified if investee companies were threatened by financial and reputational risk as a result of any serious social or environmental controversies in their operations and supply chains. Risks such as violation of human or workers’ rights, significant environmental incidents, corruption, safety failures, conflicts of interest etc. The resulting Watch List, detailed reports, and Vigeo’s full engagement support provided Cometa with the tools to raise their concerns with companies and enter a dialogue to push for change in areas where these risks threatened future asset value. This soft engagement approach can be conducted individually or in collaboration with other investors.