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Groupama Asset Management

PRI reporting framework 2017

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Financial analyst will become financial and ESG analyst starting from 2017.
        

Progress achieved

Groupama AM decided in 2015 to improve the ESG integration process.Now ESG and financial analysis of a company is done by the same analyst.To achive this goal our complete team of financial analysts were trained during 2016 to become both financial and ESG analysts in the beginning of 2017; in the same time ESG analysts were trained to become financial analysts.

Key performance indicator

          Definition of a CSR strategy
        

Progress achieved

A CSR Director appointed in 2016, directly refering to the CEO, has the mission to define and implement the CSR strategy within Groupama AM. One of his goal is to improve communication of ESG activities and to drive the implementatation of several ESG projets (carbon footprint,new ESG funds lauchment etc.)  

Key performance indicator

          ESG impact indicators
        

Progress achieved

In order to comply with the art 173 recommandations we determined a list of ESG indicators (at least one indicator for each pillar). Those indicators will be measured annually to quantify the ESG impact of each SRI portfolio.

Financial performance of investments

Key performance indicator

          List of controversial companies called  "main ESG risks"
        

Progress achieved

Consolidation of existing methodology : in 2016 we decided to 1/ reinforce a survey at this specific list of the companies facing important governance risks 2/add a watch list for the companies with a lower but evolving level of controversy risk.

 

ESG characteristics of investments

Key performance indicator

          Internal ESG ranking
        

Progress achieved

In 2016 we have developed a proprietarry and evolutive tool. This tool, called "NotesESG", collect all ESG datas sent by ESG rating agencies and then calculate internal ESG rating using our in-house ESG methodology. This tool is used by both fund managers and analysts.

Key performance indicator

          Green bond rating
        

Progress achieved

We have developed this year an in-house"Green bonds" methodology. This approach aims to assign an assesment to each green bond considering several criterions. Therefore the rating of the green bond can be different then the issuer's one.

Key performance indicator

          calculation of carbon footprint on portfolios
        

Progress achieved

Groupama AM decided to measure the carbon footprint of its SRI portfolios since 2015. Our aim is to have better carbon footprint than its benchmark.For example the carbon footprint of Euro Capital durable (Equity SRI fund) is better than its benchmark by 35% and our fixed income SRI fund G.Euro Credit ISR has a performance similar to its benchmark.

This measure will be widen at all equities portfolios.

Other activities

Key performance indicator

          The Director of Research is the chairwoman of AFG RI committee and the Extra-Financial Commission of the SFAF.
        

Progress achieved

Organization of the work of the committee, link with the government on RI matters

06.2. Additional information.


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