LBPAM Responsable Actions Environnement is a thematic fund focused on environmental issues.
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.
An ESG screening is applied to this initial universe to measure the level of exposure to ESG risks of companies and their ability to manage these risks. Major ESG issues under review are the following :
- Economic and energy transition
- Local development
- Sustainable management of resources
- Responsible governance.
=> The percentage reduction is 20%, in order to let portfolio managers with enough constituents to build the portfolio.