Environmentally themed: LBPAM Responsable Actions Environnement is a thematic fund focused on environmental issues launched in 2009 and managed by the RI Equity Strategy.
The initial universe is composed of companies providing solutions to environmental challenges (climate change, resource depletion , etc.), by managing environmental resources, developing clean technologies or improving environmental protection - for at least 20% of their revenues. These companies belong to one of the following clusters:
- Green building
- Circular economy
- Renewable energy
- Eco-solutions and services
- Sustainable transport and mobility.
All the research used to identify companies and discard ESG risks is done within the RI Team on a qualitative basis. The Fund Manager engages with companies and meet with management to monitor the development of their business. In addition, we also monitor the companies that could integrate the investment universe either because their transition to a low carbon economy is increasing or because their ESG practices have improved. All the companies composing the portfolio are screened according to our GREAT approach in order to measure the level of exposure to ESG risks and their ability to manage these risks.
Socially themed: LBPAM manages 6 portfolios with direct social impact. These funds invest between 5% and 10% of their assets in social companies, which currently are SIFA (Société d'Investissement France Active), Habitat & Humanisme (H&H) and a social impact fund managed by an external asset manager. 3 portfolios have received the Finansol Label (French label for "finance solidaire").
Combined themed: in 2018, we have decided to enhance the environmental and social themes in our equity pooled funds. By the end of 2018, all these funds had more than 50% of their assets invested in companies offering E&S solutions. The rest of the portfolio are invested in companies having a good ESG quality score (between 1 and 5).