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Natixis Assurances

PRI reporting framework 2018

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

Natixis Assurances has set up a ESG dedicated committee with the Top management to set up, monitor and review objectives and evolution of its RI Policy. The actions'plan and realization are presented to the management board of the group Natixis. 

Natixis Assurances applies a Coal Policy (exclusion of issuers with more than 50% of thermal coal revenues of their activities) and, more recently, has sold its direct investments of Tobacco.

To foster integration, Natixis Assurances works with Mirova since 3 years to have ESG and climate criteria in its investment.To avoid upstream sustainable risk, Natixis Assurances excludes at purshase issuers with a negative Mirova ratings - scope of investment under mandates and dedicated funds. We measure the gap with the 2°C Trajectory from IAE. 

Natixis Assurances has also made the engagement to propose systematicaly to its policyholders green unit-linked products. The objectives are to promote and communicate ESG themes to clients, ESG being considered by the organization as strategic. We do believe in growing interest of benefiaries. 

The next step will identify the way to extend those Policies to asset class uncovered (real estate), to promote ESG criteria for our Asset Managers and to define themes for invesment.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Natixis Assurances realizes annually a ESG dedicated public report on its investment. It publishes  the scope of assets covered by ESG ratings and carbon footprint (65% of assets), described the evolution of the governance and the ESG Key Performance Indicators. 

Assets covered by an ESG scoring :

  • Bonds (sovereign, corporate, financial). Weighting in the portfolio : 80%
  • Equities (dedicated fund)-Weighting in the portfolio : 3%

Assets currently uncovered 

  • Loans/ desintermediate credit Weighting in the portfolio : 8%
  • Equities (external funds)-Weighting in the portfolio : 6%
  • Real Estate will be covered in 2018-Weighting in the portfolio : 4 %

The carbon footprint is published by asset class (sovereign bonds, corporate bonds, equities)

Natixis Assurances realizes an annual internal report describing the results of its ESG KPI -Key Performance Indicators- and fosters solutions for Green transitions. KPI for extension of tne ESG  integrate the analysis. 

Key elements for the ESG assessment of our portfolio : 

  • carbon footprint (emissions and avoided)
  • gap with a 2°C Trajectory according to horizon: sensitivity of results to horizons 
  • breakdown of ESG ratings on our bonds'portfolio
  • ratio of ESG assets (green bonds, SRI funds,...). 

The ESG strategy is also analysed. Key elements for the ESG assessment of our portfolio :  

The coverage of assets (ESG ratings and carbon footprint)

  • UN-PRI notation
  • Initiatives (participation on sustainable initiatives with FFA ,...)
  • Evolution of RI policies
  • Evolution of ESG KPI portfolio
  • Results of the shareholders'engagement (% participations, votes in favor,...).

Climate changes are a theme that will be deployed. Others are also investigated. Aiming a structured deployment for a sustained engagement and with the commitment of commercial purpose, Top management is sponsor of ESG strategy. The objectives will be published this year.

SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].

Natixis Assurances will publish the document at december 2017 in June.

We have attached the report realized last year.

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)