We consider that risks and opportunities could arise as a result of: demographic changes, urbanization, climate change, other environmental challenges, agriculture, public health and food. As such, we are deeply convinced that tomorrow’s leaders are the one which anticipate the most these issues and embrace a longer-term vision.
Our ESG approach, called GREaT, relies upon four pillars with the intent to identify companies and sectors which offer innovative solutions to these challenges. The pillars refer to:
1) Responsible governance : board effectiveness and ethics
2) Sustainable management of resources: management of environmental impacts, employees and suppliers
3) Energy transition: contribution to the low carbon economy
4) Local development: commitment to local job creation and product/service offer
The last pillar is consistent with LBPAM’s DNA, since our main shareholder is a public entity which plays an important role with regard to local development (ensuring public service in rural and disadvantaged areas).