Daily Brief ESG: Derichebourg – ESG Report – Lucror Analytics and more

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Derichebourg’s ESG as “Adequate”, in line with the scores for the Environmental, Social and Governance pillars. Controversies are “Immaterial” and Disclosure is “Strong”. 

We note that the company is active in the recycling industry, which is generally a positive driver.

• The reason companies object to a reduction in the investment unit is the cost of shareholder relations, not the cost paid to the trust bank.
• We should discuss whether it is better for the “unit of investment” principle to remain in place for the convenience of companies that want to pass company proposals smoothly.
• It will be interesting to see if there will be a discussion on going back to basics and allowing single share holders to exercise their voting rights.