He ensures the correct application of ESG and voting policy and the clear understanding of the regulatory requirements, throught audits and regular reportings.
He's responsible for the operational strategy of the company. He is in charge of optimizing revenues and margins, but also of participating in the development of the business by anticipating market developments. ESG issues are part of his remit He reports directly to the general management.
He's in charge of coordination of all ESG topics for Lazard Freres Gestion. His position is strategic and allows us to better respond to institutional investors needs. He heads the ESG committee that he created in 2016.
- Portfolio managers = Investment analysts
Portfolio manager–analysts are responsible for the ESG analysis. Their goal is to gain a greater understanding of ESG risks that could have a material effect on a company valuation. To achieve this, our portfolio manager-analysts regularly meet the management of the listed companies, around 900 meetings per year. The extent of, and approaches to, ESG integration can vary depending on the asset class and investment process :
- Equities: ESG criteria are embedded in the risk premium of our valuation models
- Convertible bonds: our ESG criteria analysis is included in our investment scenarios
- Fixed income: ESG criteria are included in our assessment of the credit spread
- Dedicated responsible investment staff
RI team is in charge of implementing aspects of the organization’s responsible investment practices, for example, incorporating ESG issues into investment strategies, voting in general meetings and policy matters. In addition, RI team is also in charge of conducting ESG-related research, and works closely with asset managers on various ESG matters.