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La Banque Postale Asset Management (LBPAM)

PRI reporting framework 2019

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM is signatory of the PRI and René Kassis participates in the Infra working group.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM is signatory of the CDP.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM is a member of the IIGCC.

 
          French Social Investment Forum (FIR)

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM joined the Forum in 2014. La Banque Postale is the major shareholder of LBPAM and chairs the committee in charge of the retail market. Activities of this committee include the organization of the French SRI Week, taking place every year in September or October.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Groupe La Poste is a signatory since 2003. LBPAM is a subsidiary of La Poste.

 
          AFG (French association of asset managers)

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM has a seat on the Board of Directors of AFG (Association Française de la Gestion financière), the French professional organization of asset management.

The SRI team of LBPAM regularly participates to two committees of AFG, one on Corporate Governance and another one on Socially Responsible Investment.

  • The Corporate Governance Committee aims to publish annually the "Recommendations on Corporate Governance", intended to investors who wish to exercise their voting rights at general meetings.
  • The SRI Committee helps to coordinate the actions of its members for the promotion of SRI in France.
 
          Research chair on sustainable finance and responsible investment ("Finance Durable et Investissement Responsable", i.e. FDIR)

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM is a sponsor and President of FDIR. The research projects of the FDIR chair are run by the IDEI‐Toulouse School of Economics and the Economics Department at Ecole Polytechnique.

 

 
          - CDC Biodiversité Nature 2050
- Tobacco-Free Finance Pledge
- TCFD

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

As members of CDC Biodiversité Nature 2050, we reverse fees from debt funds invested in sectors generating a positive impact on the environment.

In september 2019, LBPAM became a signatory of both the Tobacco-Free Finance Pledge and the TCFD. The purpose of the first initiative is to involve the financial sector in addressing global health priorities resulting from tobacco use across lending, insurance and investment. The purpose of the TCFD recommendations is to help better climate-related risks disclosure across the financial industry.

 

 
          - FAIRR initiative
- Access to Medicine Foundation
- Finance 4 Tomorrow Europlace

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

LBPAM became a signatory of the FAIRR Initiative, Access-to-Medicine Foundation in September 2018,  Finance for Tomorrow, Tobacco Pledge and TCFD Investor Statement

The purpose of the FAIRR Initiative is to promote best practices on animal welfare and antibiotics use in the animal protein production industry. At the end of 2018, LBPAM supported an engagement campaign towards major fast food issuers to ask for improved disclosure of their climate-related.

The Access to Medicine Foundation aims at stimulating and guiding pharmaceutical companies to do more for the people living in low- and middle-income countries without access to medicine. In November 2018, LBPAM attended the 2018 Coller Index launch in London and had 3 engagement meetings with issuers of the sector.

Finance 4 Tomorrow is a French think-thank whose purpose is to help improving the assessment and the disclosure of climate-related risks. LBPAM is an active member of the working group for the financial sector.

 

SG 09.2. Assets managed by PRI signatories (Not Applicable)

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description 

          Our team trained retail advisors of La Banque Postale (LBPAM's majority shareholder) to the basics of responsible investment and LBPAM's ESG methodology called GREaT. The purpose of these trainings was to provide advisors with some background to help them better inform retail customers in the selection of ESG funds for their savings.

Frequency of contribution

Description 

          - Financial support for a research chair on sustainable finance and responsible investment ("chaire FDIR")
- Cambridge Institute for Sustainability Leadership

Frequency of contribution

Description 

          Luisa Florez, Head of RI Research, contributed to researches with CISL and LBPAM is the President of the Chaire FDIR

Frequency of contribution

Description 

          LBPAM is member of the Impact indicator working group organised within the French Public SRI Label

Frequency of contribution

Description 

          LBPAM representatives speak frequently in conferences promoting responsible investment and the role of retail investors in the RI market

Frequency of contribution

Description 

          Every quarter we publish an ESG newsletter for our Institutional clients, called "AGIR"

Frequency of contribution

Description 

          René Kassis, head of the Private debt team at LBPAM, takes part to the PRI Infrastructure Advisory Committee.

Frequency of contribution

Description 

          Daniel Roy is a Board member of Finance for Tomorrow

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

As a member of the French SIF and the SRI Commission of the AFG we have participated in market initiatives with public policy makers focused on sustainable investment. In 2018, LBPAM mainly contributed to the review of the French SRI label.
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