Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental
• Social
• Governance

Environmental Achievements

• Calculating portfolios’ carbon footprints in accordance with Article 29 of the French law on Energy and Climate change.
• Commitment to support the goal of net zero greenhouse gas emissions by 2050 or sooner and set interim targets consistent with a fair share of the 50% global reduction in greenhouse gas emissions by 2030.

Social Achievements

• No specific quantified achievements mentioned.

Governance Achievements

• Implementation of exclusion, integration, and active ownership strategies in ESG integration.

Climate Goals & Targets

Environmental Challenges

• Data availability for Principal Adverse Impacts (PAI) indicators.

Mitigation Strategies

• Continuous efforts to strengthen the integration of ESG criteria from early stages of investment processes to portfolio construction, using quantitative and qualitative research across most of our assets.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• reduction of greenhouse gas emissions and the biodiversity impacts of the financed companies

Reporting Standards

Frameworks Used: UN PRI, TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change
• ESG
• Sustainability

Environmental Achievements

• Portfolio is less carbon intensive than the benchmark, with a positive relative efficiency of 39%
• The absolute portfolio’s carbon footprint is 32'347 tCO2e, against 33'440 tCO2e for the benchmark
• Share of fossil fuel activities in the portfolio is lower than the benchmark’s and is already in line with a 2030 2°C scenario

Social Achievements

• Engaged with chemical and oil & gas companies to improve their climate strategies and ESG disclosures
• Addressed the granularity of disclosures around ESG KPIs in executive compensation

Governance Achievements

• Engaged with companies to improve their ESG disclosures and reporting of Scope 3 emissions
• Encouraged companies to obtain SBTi validation for their climate targets

Climate Goals & Targets

Environmental Challenges

• Some companies' temperature alignment was not in line with the goals of the Paris Agreement
• Management of Scope 3 emissions could be improved in some companies
• Lack of granularity in ESG KPI disclosures in executive compensation
• Insufficient reporting of Scope 3 emissions by some companies
• Absence of formal climate targets in some companies

Mitigation Strategies

• Engaged in dialogue with companies to set expectations and review progress on sustainability issues
• Encouraged companies to provide a response to the CDP climate change questionnaire
• Recommended companies obtain SBTi validation for climate targets and disclose all value chain emissions
• Addressed the need for greater transparency in executive compensation linked to ESG performance

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD