As funds pickers, we send every year a due diligence to asset managers, including a part on their investment responsible investment policy.
We note if a responsible investment policy is available, how the datas are collected, if there is a team dedicated to ESG subject, and if the ESG criterias are used in all the assets or only in some assets. We pay attention that an exclusion list of stocks exists in the investment policy about Submunitions weapons, cluster munitions (Otawa and Oslo conventions). We also list all funds with the French SRI Label (French Government-backed).
We follow the improvements each year of each assets managers we works and we assign a notation to evaluate if the assets manager is concerned or not by ESG factors.
Most of the funds we select take care about ESG criterias. We work with some assets managers that include now criterias ESG in all their asset management. Theses assets managers have a significant weight in our allocation. It's important for us choosing the funds which have the best standards in "clean financial", selecting companies which make efforts on ESG factors.
We launched on november 2017 a fund of fund invested exclusively in responsible investment funds and with a dedicated pocket in a Social Fund.
85% of invested assets are managed by integrating ESG criteria
82% of the companies in which we are invested are signatories of the PRI.