Climate Change Data

VEGA INVESTMENT MANAGERS

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions by 45% of its investments by 2030, on a baseline at the end of 2021.
  • Exclusion policy towards thermal coal (companies deriving more than 20% of its turnover from thermal coal are excluded).

Social Achievements

  • Contribution to Sustainable Development Goals n°3 “good health and wellbeing” and n°4 “quality education”.
  • 3 additional funds obtained the SRI label in 2022, leading to 10 labeled funds representing 72% of the outstandings of open funds excluding feeder.

Governance Achievements

  • Creation of the Sustainable Finance Division and specialized committees on various aspects of sustainability.
  • Established a methodology to define sustainable investments within the meaning of Article 2.17 of the SFDR regulation.
  • Voting policy is active and responsible on about 95% of the outstanding companies held by UCIs.
  • Became a member of the “Climate Action 100+” initiative.

Climate Goals & Targets

Long-term Goals:
  • Reduce the carbon footprint of investments by 50% by 2050.
Short-term Goals:
  • Increase the minimum threshold of CA exposed to the SDGs for a company to be considered a contributor to an environmental or social objective by 2025.
  • Reduce the carbon footprint of investments by between -10% and -20% by 2025.
  • Strengthen sector exclusions (tobacco, weapons, thermal coal) and include new exclusions (e.g., unconventional hydrocarbons) by 2025.

Environmental Challenges

  • Integrating regulatory changes in Sustainable Finance brought by the SFDR regulation.
  • Data limitations or exclusions (not specified).
Mitigation Strategies
  • Adapted its organization to meet the new challenges of sustainable finance.
  • Established a methodology to define sustainable investments.
  • Selected an ESG platform to collect and administer ESG data.
  • Increased the number of employees dedicated to ESG.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, TCFD, Article 29 of the French Climate Energy Act

Certifications: ISR (French government SRI label)

UN Sustainable Development Goals

  • Goal 3
  • Goal 4

VEGA Global Care ISR fund donates 20% of management fees to AP-HP foundation; patronage for a research chair at the University of Nantes.