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Lazard Frères Gestion

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

At Lazard Frères Gestion, we strongly believe that the sustainability of an issuer’s economic performance hinges on environmental, social and governance (ESG) factors.

The long-term performance of investments does not simply consider financial strategy; it must also respect the interaction between the company and its social, economic and financial environment.

Our global approach can be summarised as follows :

  • In-depth corporate financial analysis, covering the quality of assets, financial strength, cash flow forecasts and reinvestment by the company, economic profitability momentum and sustainability, and the quality of the management.
  • This sustainability assessment is backed by an appraisal of extra-financial criteria :
    • Social criteria, through the valuation of human capital
    • Environmental criteria, prevention of environmental risks
    • Governance criteria, by respecting the balance between management and shareholder structures to prevent potential conflicts of interest and ensure the respect of minority shareholder interests

 

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

At Lazard Frères Gestion we believe that actively addressing environmental, social and corporate governance (ESG) considerations is essential for the sustainability of any company’s economic performance. This is why ESG criteria are naturally embedded into our investment process. 

Our responsible investment policy covers our different investment strategies, equities, convertible bonds and fixed income. 

The extent of, and approaches to, ESG integration can vary depending on the asset class and investment process. Our goal is always to gain a greater understanding of ESG risks that could have a material effect on a company valuation or a sovereign asset.

01.6. 補足情報 [任意]

          
        
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SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

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02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

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02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Lazard Frères Gestion applies the relevant regulations in formulating its provisions for preventing and managing conflicts of interest and it includes measures at organisation level as well as administrative procedures to address and control operations aimed at preventing the various types of conflict of interest.

Lazard Frères Gestion has put permanent control provisions in place to safeguard procedures to pre-empt conflicts of interest and to detect any conflicts of interest that arise despite the preventative measures, and with a view to resolving them fairly.

Lazard Frères Gestion checks that staff uphold the professional obligations to which the company is subject when carrying out its business and that this business is carried out in full compliance with the relevant regulatory provisions. As such, organisation related measures and procedural guidelines have been put in place to pre-empt the risk of any conflicts of interest situations arising.

The Head of Compliance and Internal Control regularly reviews all situations that could generate conflicts of interest.

The Head of Compliance and Internal Control ensures all relevant information is stored, monitored, and maintained by mapping conflicts of interest.

03.3. 補足情報 [任意]

Our actions aim at:

- Preventing the various types of conflict of interest.
- Establishing and maintaining an appropriate conflict of interest management policy.
- Identifying situations that generate or could generate conflicts of interest.
- Keeping and updating a register of activities that have generated or could generate conflicts of interest.
- Identifying preventative measures as well as an appropriate framework to avoid all conflicts of interest or if not possible then to contain any conflicts of interest that do arise.
- Informing clients and soliciting their decision when for any particular transaction the measures being implemented cannot reasonably guarantee that the risk of damaging the client’s interest will be avoided.

If, despite all possible precautions being taken, unavoidable conflict of interest situations arise that could damage client interests, Lazard Frères Gestion procedures intend for suitable measures be sought and put in place by Lazard Frères Gestion management with support from the Head of Compliance and Internal Control and any other relevant department. If the measures implemented cannot be reasonably certain to guarantee that client interests will be protected, Lazard Frères Gestion writes to inform the client of the nature and/or source of the conflict of interest so that the client can subsequently make a fully informed decision.


SG 04. Identifying incidents occurring within portfolios (Private)


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