Responsibility is one of the key principles guiding our operations. We consider our customers, employees, the environment, society, legislation and good corporate governance in our investment and business operations
We invest responsibly, in accordance with the United Nations Principles for Responsible Investment, which we have signed. Responsible investing means that:
FIM has signed the United Nations Principles for Responsible Investment. We are committed to taking environmental, social and corporate governance (ESG) issues into consideration in our investment activities.
We want to truly know the companies we invest in, which is why our fund managers and analysts have more than 1,500 meetings with the companies every year. The main purpose of these meetings is to assess the financial and operational performance of the companies, but themes related to responsibility are also discussed. We attend annual general meetings when we believe that we can have an impact on issues that we consider to be important.
Our responsibility as a shareholder is heightened if a company in which our funds have holdings violates the norms that we have set for our investments. It then becomes our responsibility to find out the reasons behind the misconduct and begin discussions with the company on how to rectify the situation. Although our fund managers have strong investment expertise in the markets in which our funds are invested, we have considered it best to seek outside assistance in identifying possible violations of norms, as we have holdings in nearly 800 companies in total.
Our partner GES Investment Services reviews the holdings of all FIM Funds twice a year. If any violations come to light, the experts at GES help us find out the backstory and begin discussions and a process of influence with the company to rectify the situation. Our cooperation with an expert partner also means that we can combine forces with other investors and be better heard. If our efforts to make a difference in such a company do not produce the desired result, not even in the long term, we will divest our holding.
We are in the process of negotiating improvements to the operations of several companies in which our funds have holdings.
As a rule, we do not exclude any company as a potential investment based on its sector, as we believe active ownership is an efficient way to influence the way companies operate. An exception to this are four funds where our customers have specifically requested the exclusion of certain investments. FIM Brands, FIM Brazil, FIM BRIC+ and FIM Sahara do not invest in companies in the tobacco or pornography industries or in companies in certain fields of military technology (nuclear and cluster weapons and anti-personnel landmines).
We are a member of FINSIF. The Forum aims to promote responsible investment and spread information about the issue in Finland. It was founded by a group of Finnish investors, asset managers and service providers, who have signed the UN Principles for Responsible Investment.
We conduct our business in a responsible manner, in line with our values and goals. We also consider the impact of our operations on the environment, society and stakeholders. We encourage others to operate responsibly as well, creating wealth and well-being together.