Active Ownership in Emerging Markets ®

Cartica is a signatory of the United Nations Principles for Responsible Investment (UNPRI).

Cartica believes that an enterprise’s commitments to quality corporate governance and to high standards of environmental and social responsibility are mutually reinforcing and provide tangible positive benefits to shareholders in the long run. The Principles are voluntary and aspirational. They provide a flexible framework that Cartica and other investors can adapt to add value to their own decision-making and ownership practices.

The six Principles ( provide guidance on:

  • Incorporating environmental, social and governance (ESG) considerations into investment analysis and decision-making processes;
  • Being active owners and incorporating ESG issues into ownership policies and practices;
  • Seeking appropriate disclosure on ESG issues from the entities invested in;
  • Promoting the Principles within the investment industry;
  • Working collaboratively to enhance the effectiveness of the Principles;
  • Reporting progress on implementing the Principles.

Cartica is an active member of Brazil’s Associação de Investidores no Mercado de Capitais (AMEC –  Association of Capital Markets Investors) and an original signatory of the AMEC Stewardship Code.

AMEC was founded in 2006, as an initiative by independent and financial institutional investors to defend the rights of minority shareholders and promote the development of the Brazilian stock market. To achieve these objectives, AMEC fosters debates and discussions among its members, in compliance with strict internal governance guidelines and through the management of conflicts of interest.

Since its creation in 2006, AMEC has become the main discussion forum for institutional investors with regard to corporate governance practices and investors’ rights in Brazilian companies, in line with the most recent international recommendations. At the same time, AMEC’s recommendations have been increasingly recognized by investors, companies and regulatory entities, a result of the Association’s relevance and independent approach.

The AMEC Stewardship Code was issued in October 2016.

Cartica is an active member of the Thirty Percent Coalition. The vision of the Coalition is for corporate boardrooms to reflect the gender, racial and ethnic diversity of the workforce. The mission of the Thirty Percent Coalition is to promote gender diversity, including women of color, on corporate boards.

Cartica partners with, which is leading the fight against climate change, making it easy and affordable for any individual, business or organization to reduce & offset their climate impact and hasten the transition to a clean energy future. helps Cartica to offset the negative environmental impact of unavoidable operating emissions from employee business travel, commuting, and office operations.

Cartica is a member of the Brazilian Coalition on Climate, Forests and Agriculture, a cross-sector coalition of more than 200 investors, companies, nonprofits, and academics dedicated to driving sustainable and inclusive growth while promoting conservation and addressing climate change.

Hong Kong – Principles for Responsible Ownership

Cartica has adopted the Hong Kong Principles for Responsible Ownership published by Hong Kong’s Securities and Futures Commission.   The voluntary principles guide investors on how to fulfil their ownership responsibilities when investing in Hong Kong listed companies.

Japan – Stewardship Code

Cartica is a signatory to Japan’s Stewardship Code.  “The Code defines principles considered to be helpful for institutional investors who behave as responsible institutional investors in fulfilling their stewardship responsibilities with due regard both to their clients and beneficiaries and to investee companies.”

For full text of Cartica Acceptance Announcement for the Japan Stewardship Code please click here.

Thailand – Investment Governance Code

Cartica is a signatory to Thailand’s Investment Governance Code. “The [Investment Governance] Code contains investment governance principles and guidance reflecting current international standards and best practices for responsible and effective stewardship over investments by Institutional Investors.”

Korea – Stewardship Code

Cartica is a signatory to Korea’s Stewardship Code. The code “sets forth seven detailed principles and guidelines that institutional investors holding the shares of publicly listed companies in Korea should follow to fulfill their fiduciary duties as a steward taking care of and managing the assets entrusted by others.”

For full text of Cartica Acceptance Announcement for the Korea Stewardship Code please click here.