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La Fran├žaise Group

PRI reporting framework 2019

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Outputs and outcomes

LEI 12. How ESG incorporation has influenced portfolio composition

12.1. Indicate how your ESG incorporation strategies have influenced the composition of your portfolio(s) or investment universe.

Describe any reduction in your starting investment universe or other effects.

Starting universe cannot include any controversial weapons related company. These companies are excluded by the Compliance department and therefore not made available on the internal IT system to trade from, for all asset classes (the list includes listed and non listed companies).

We also exclude the worst  companies based on their E, S or G scores (i.e. not on a combination of their ESG score but on the basis of their E score, their S score and their G score). Depending on the initial investment universe we exclude 20 to 25% of the worst E, S and G scores.

Specify the percentage reduction (+/- 5%)

20 %

Describe any alteration to your investment universe or other effects.

For our thematic fund, we use the same exclusion criteria (controversial weapons and ESG worst scores) than for our other funds.

Select which of these effects followed your ESG integration:

12.2. Additional information.[Optional]


LEI 13. Examples of ESG issues that affected your investment view / performance

13.1. Provide examples of ESG issues that affected your investment view and/or performance during the reporting year.

ESG factor and explanation

Deutsche Post AG: strong environmental performance (climate change mitigation), superior alignment with 2-degree warming scenario.

ESG incorporation strategy applied Thematic

Impact on investment decision or performance

Investment

ESG factor and explanation

Knorr-Bremse AG: lower environmental impact compared to sector peers and strong operational focus on social/safety issues. Superior innovation positioning.

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Investment

ESG factor and explanation

Umicore: business model fully aligned with circular economy model; cobalt supply chain management allows for certification.

ESG incorporation strategy applied Thematic

Impact on investment decision or performance

Investment

ESG factor and explanation

Under Armour: A combination of high risk and poor management regarding human rights issues in its supply chain and operations led to the decision to abstain from investing.

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Rejected as an investment idea

ESG factor and explanation

Danske Bank: severe case of non-compliance with anti-money laundering regulation.

ESG incorporation strategy applied Integration

Impact on investment decision or performance

Divestment

13.2. Additional information.[Optional]


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