Investors support Implementation Handbook launch

The association launched Amec Stewardship Code’s Implementation Handbook on September 12. The event, held at B3 auditorium – assigned to Amec free of charge –, had a large audience, mainly representatives of institutional investors.

The event included a speech by Jaime Gonrsztejn and Rochelle Giugni, representatives of Hermes – Amec’s member and one of the Code’s signatories. They described the work conducted by Hermes with global clients and addressed the necessary steps towards implementing a stewardship program. The presentation is available here. The attendees also had the opportunity to participate in a Q&A session led by Isabella Saboya, the Code’s editor.

Also as part of the event, Amec’s CEO, Mauro Rodrigues da Cunha, addressed the current status of the stewardship debate in Brazil and around the world and talked about the Handbook development process, as well as its main points. Check here the CEO’s presentation.

The presentation was followed by a debate among institutional investors that had the participation of Eliane Lustosa, Capital Market Director for the BNDES, Antonio Augusto Miranda, Director at Funcef, Jorge Simino, Director at Funcesp, and Andrea Marinho, Manager at Petros, who represented its CEO, Walter Mendes. Jaime Gonrsztejn also participated in the roundtable.

The closing session was led by Bruno Gomes, representative of the Superintendence of Institutional Investors Relations of the Brazilian Securities and Exchange Commission – CVM.

Funcesp adheres to Amec Code

Funcesp has signed up to Amec Stewardship Code. The formalization took place during the Implementation Handbook launch, on September 12. Funcesp has become the 16^th signatory of the Code and the 2^nd pension fund to adhere to it.

Funcesp is Brazil’s largest private-sector pension fund, according to PREVIC, the regulatory agency for private pension funds. With assets of approximately 23.4 billion reais under management, it ranks 4^th in the segment in terms of investment assets. With 109,000 pension fund participants – some 15,000 active participants, 30,000 assisted participants and 62,000 pension fund dependants –, Funcesp manages a benefit payroll of $1.7 billion reais per year.

Today, Funcesp manages pension and/or health funds for the following sponsor companies: AES Group (AES Eletropaulo, AES Tietê, TIM Celular), CESP, CPFL Group (CPFL Energia, CPFL Brasil, CPFL Geração, CPFL Paulista, CPFL Piratininga), CTEEP, Duke Energy, Elektro, and EMAE.

Funcesp is also a reference as a non-profit health plan operator, classified with the highest satisfaction level by The National Regulatory Agency for Private Health Insurance and Plans – ANS. Today, it manages DIGNA Saúde, PES, NOSSO Plano de Saúde and Extensive health plans, totaling more than 85,000 clients, among whom employees, retirees and dependants.