For SRI portfolios, the average ESG rating is compared to the benchmark, enabling us to follow the ESG performance of the fund. The fund's reputation is protected by excluding controversial companies.
Some specific ESG issues are also monitored.
First, we are still measuring the carbon footprint of SRI portfolio. This carbon footprint is monitored and has to be better than the benchmark.
Second : in 2016 we determined five ESG indicators in order to measure the ESG impacts in SRI portfolio of investment decisions. One indicator was chosen for Governance (% of Independent directors on Board), one for Environment (carbon footprint), two for Human capital (employees growth and number of training hours per employee) and one for Human Rights (publication of Human rights policy).
Since 2017 we measure the 5 ESG impacts in SRI portfolios compared to the benchmark.
All those indicators are now published monthly for all SRI portfolios.
- Concerning Fixed Income Government funds, we calculate its ESG score relative to the index and then we compare it to the score calculated for the same funds not impacted by ESG strategy.