CLIMATE ACTION
Why climate action ?
The earth’s temperature is rising at unprecedented speed. NASA reports that since 2001, the planet has experienced 16 of the 17 warmest years recorded since the end of the 19th century.
A pure and simple reversal of the changes that have already begun is already beyond reach; the current environmental challenge, therefore, is to mitigate these changes through a policy of drastic reduction in greenhouse gas (GHG) emissions in order to maintain a world that is warmer but still sustainable, without additional detrimental consequences for human life and biodiversity.
Although the urgency of climate action has triggered a response from the international community, with its crowning achievement thus far being the Paris Agreement, it is companies, which are the origin of most GHG emissions related to the use of fossil fuels and industrial processes, that are leading the fight against global warming.
Our approach
While everyone has some responsibility to act on climate change, we, as a management company, have the ability to support and guide businesses committed to a process of environmental transition and the responsibility to consequently reduce the climate risk of our investments for our clients. We all have a role to play in the fight against climate change and this is why we have entered into a partnership with the NGO CDP, a pioneer in the publication of companies' carbon data.
We have developed three different investment solutions to access the thematic: international equities, Eurozone equities and Euro-denominated bonds. The method used to define the investment universe is different from that applied in other strategies and consists of excluding sectors that are not exposed to this theme. All sectors and all countries are included in order to cover companies that are committed to an approach designed to limit their climate impact and to encourage the worst polluters to radically reform their activities.
Our sustainable approach, which is based on overall ESG scores and specific criteria, as well as controversy data, is enhanced with the scores provided by the CDP as well as through the incorporation of an additional exclusion level based on the ESG score.