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La Française Group

PRI reporting framework 2019

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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

          Training of transversal functions
        

Progress achieved

Joint projects has led to internal training of these functions (marketing, internal control, ...)

Key performance indicator

          
        

Progress achieved

The responsible investment committee has been enlarged to include more than 30 people from all departments within La Française Group, including its affiliates New Alpha and Acofi.

A shared drive available to all employees has been created and populated with the main reference documents related to responsible investment. Communication has been made on this new tool across the whole Group within our Intranet platform.

Responsible Investment and Carbon Impact are now 2 identified themes of communication within the Blue Room of La Française, a communication tool.

A presentation of our responsible investment strategy and how it materializes in the distinct asset classes has been shared internally and externally.

 

 

Key performance indicator

          Write an engagement policy and a first report on progress
        

Progress achieved

 

The engagement policy is written and the engagement report is being written

 

 

Key performance indicator

          Usage of the common front-office tool Factset between the analysts and the portfolio manager
        

Progress achieved

The tool is now widely used and adopted by the analysts and the PM where several posts are shared each day. All team members receive the respective alerts.

Any investment idea is shared with the ESG analyst team in London. The ESG analyst team usually reacts immediately with a first assessment of the sustainability of the company. An investment cannot be made if the ESG score does not exist. In this case, the PM has to await a positive outcome of this pre-check . A further analysis is then performed.

Financial performance of investments

Key performance indicator

          
        

Progress achieved

ESG characteristics of investments

Key performance indicator

          Average ESG score of the portfolios
        

Progress achieved

The average score of the equity portfolios should be higher than the benchmark. We do not set a target that the score should increase year over year as we believe that there is value from companies that are increasing their ESG score and capacities and therefore do not exclusively target the best performers (or at least, not only those).

 

Key performance indicator

          tons of CO2 emitted per € invested
        

Progress achieved

As for the ESG score we have ambitions to produce a lower carbon footprint than the benchmark and to have the figures decreasing on trend. We do not however demand a formal decrease year over year as the carbon footprint is sensitive to specific stocks being held that this type of constraint could be counterproductive.

 

Other activities

Key performance indicator

          Support initiatives in favour of a transition to the low carbon economy and tackling climate change
        

Progress achieved

La Française is a signatory/member of:

- Green Bonds Principles

- Letter of support of the TCFD recommendations

- Letter of support of the EEFIG work and upcoming Phase III

- The Shift Project: Manifeste pour décarboner l'Europe

- UNEP FI

- PDC (Portfolio Decarbonization Coalition)

In 2018 La Française joined the UNEP FI investment pilot group on the implementation of the TCFD recommendations.

Key performance indicator

          
        

Progress achieved

La Française Investment Solutions is considering becoming a signatory of the PRI

 

06.2. Additional information.


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