Monega, a German investment fund company, has chosen Ethos' services to exercise the voting rights associated with its sustainable funds. With this new partnership, Ethos is extending its proxy voting services to foreign investors.
Ethos is extending its proxy voting service, which involves analysing the agenda items of general meetings and issuing voting recommendations to Germany. Monega is an investment fund company based in Cologne with 10 billion euros in assets under management. They have decided to use Ethos' services to exercise its shareholder voting rights. This cooperation will initially concern the sustainable funds of its partners Steyler Bank and CSR Beratungsgesellschaft, which are managed by Monega (see press release).
Recognised by numerous Swiss pension funds and by a growing number of banks and asset managers sensitive to ESG issues for nearly thirty years, Ethos' demanding standards in terms of sustainability and voting are now attracting interest in Germany. ‘As a Europe-based provider, Ethos is close to the regulatory requirements and expectations of European asset managers and asset owners. Ethos thus offers an independent alternative to US proxy advisors, whose regulations and perspectives do not always coincide with European approaches to sustainable development and good corporate governance,’ emphasises Monega's press release.
‘With the integration of Ethos, we are placing even greater emphasis on promoting sustainable corporate governance for a selection of sustainable funds. This is in line with the interests of our partners who wish to systematically take European sustainability standards into account,’ says Christian Finke, managing director of Monega.
‘With this new partnership, Ethos is extending its proxy voting services to foreign investors, which we are very pleased about,’ said Michael Spalding, Head Client Relations at Ethos. ’We hope that this new collaboration will generate further interest in the future.’
