Fiat Group’s commitment towards sustainable development and the results achieved are reflected in the composition of the Fiat S.p.A. shareholders.
In recent years, Socially Responsible Investors (SRI) implementing a financial investment strategy that includes both financial objectives as well as social and environmental impacts have increasingly appreciated Fiat S.p.A.’s performance on sustainability issues.
As a consequence, they have progressively increased their stake in Fiat S.p.A.
Fiat S.p.A. tracked a positive, constant trend over the last several months. According to the latest Shareholder Identification registered in November 2011,¹ 8.7% of Fiat S.p.A. free float is held by SRI investors for a total of 29 asset owners² and 41 mutual funds.³
(1) The Vigeo analysis covers the largest global asset owners, mainly pension funds (national, occupational, company-specific, local governments), but also foundations and other institutional owners. Among them, an asset owner is identified as a SRI if at least one of these conditions is met: it adopts SRI principles in its investment policy (voting, engagement, activism, screening), it has dedicated SRI mandates, it uses SRI benchmark. The analysis also covers green, social and ethical mutual funds operating worldwide. A fund has to meet all the following conditions in order to be eligible for the analysis: it uses ethical, social or environmental screening for stock and bond issuers selection (negative screens and/or best-in-class), it is marketed as SRI and it is available to the public (retail funds).
(2) Large financial organizations investing their own assets, pension funds, foundations, public funds and insurances, endowments or sovereign funds. They do not include assets managed by management firms on behalf of their clients.
(3) The term is used in the same sense as for the European Fund and Asset Management Association (EFAMA) Statistical Releases: publicly offered open-end funds investing in transferable securities and money market funds. However, the data is not completely comparable, as this report includes some life insurances and pension funds complying with Vigeo definitions (See Green, Social and Ethical Funds in Europe – 2011 Review).
(4) Refers to Fiat S.p.A. pre-demerger.